EC312 International Economic Development
DESCRIPTION
This unit introduces students to the process of economic development. Economic development does not happen on its own, and never has. Good public policy is at the core of the process of economic development. Such policy, however, operates along a “knife edge,” working within the limits and constraints of the conditions of the present, ever mindful of the mistakes of the past which have shaped the economy and society and its initial endowments. Even having put good public policies into place is not enough; it is also important for policy-makers to know when and how to leave them behind for even better strategies. This unit involves investigating issues and problems from the perspective of economics, with insights from political, science, history, sociology, environmental studies, and geography.
RELEVANT COURSES
Elective unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
EC101 Economics or EC102 Agricultural Economics
UNIT LEARNING OUTCOMES
LO1 Understand the difference between economic growth and development and trends in economic growth in different regions of the world
LO2 Apply the concept of path dependency to post-colonial situations
LO3 Compare and contrast classical and neoclassical theories of development
LO4 Identify the promise and limitations of transnational accounting
LO5 Discuss the role for government action to overcome market failure in the creation of human capital
LO6 Identify the connection between specific forms of human capital accumulation, technological progress and the level of development
CONTENT
The development imperative
Measuring economic growth and development
Development in historical perspective
Classical and neoclassical theories of development
Developmentalist theories of economic development
Endogenous growth theories and new strategies for development
Agriculture and development
Population, education, and human capital
Technology and development
Transnational corporations and economic development
The debt problem and development
Financial impact on economic development
ASSESSMENT METHODS
1. Online Quizzes - 20%
2. Written Assessment - 30%
3. Exam - 50%
PRESCRIBED READINGS
Nil
Check with the lecturer each semester before purchasing any textbooks