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SSST Subjects

EC 390 Economics and Politics of Development

 
 

Programme(s) where module is offered

  • BSc in Economics with International Business
  • BSc in Economics with Finance
  • BSc in Computer Science with Economics
  • BSc in Information Systems with Economics
  • BA in Political Science and International Relations with Economics
 

Status (core, option, free choice)

Core

 

FHEQ Level

6

 

Unit Value

6 ECTS

 

Semester taught

Spring

 

Pre-Requisite Modules or Qualifications

EC245 Intermediate Macroeconomics

 

Module Code

EC 390

 

Module coordinator

TBD

 

Applicable From

2017

 

Educational Aims of the Module

  • The aim of the module is to introduce a range of ideas and perspectives on economic development, and some of the more common strategies and policies employed by practitioners of economic development.
  • This course requires a solid understanding of how to read and interpret statistics and national accounts, as well as a basic understanding of economic principles.
  • The module has three broad sections:
    • Analytical frameworks for understanding basic principles that enable critical assessment of alternative development policies and programs; 
    • Individual determinants and returns to investment in physical capital (infrastructure etc.), human capital (health and education), financial capital (credit markets, savings and investments levels) and
    • resource (mis)allocation, learning and coordination and their impacts on productivity, employment and growth; successes and failures of economic development efforts.
 

Module Outline/Syllabus

  • Economics, Institutions, and Development

  • Theories of Growth and Development

  • Historical Experience

  • Poverty, Inequality, and Development

  • Demographics

  • Urbanisation and Migration

  • Education and Health

  • Agriculture

  • Environment

  • International Trade

  • Balance of Payments

  • Foreign Finance, Investment, and Aid

  • Financial and Fiscal Policy

 

Student Engagement Hours

Type Number per Term Duration Total Time

Lectures

15 1.5 22.5

Workshops

5 1.5 7.5

Seminars

5 1.5 7.5
Tutorials 5 1.5 7.5

Total Contact Hours

45.0

Total Guided/Independent Learning Hours

105.0
Total Engagement Hours 150.0
 

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline

Exam

1

3 hours

50%

Week 17

Mid-semester test

1

2 hours

20%

Week 8

Project (Policy brief)

Presentation

1

2000 words

20 minutes

20%

10%

Week 13

 

Module Outcomes

Intended Learning Outcomes:

  • To understand key economic terminology as used in the field of Economics and to be competent in the reading of economic literature

  • To notice and evaluate the interrelationships of political and economic factors and their importance for economic development.

  • Evaluate information on different theories and models of economic development.

  • Understand both macro and micro aspects of development.

  • Acquire knowledge of the impact of globalisation on the economic development of various countries.

  • Demonstrate understanding of the impact of national policies on economic development of the country and on poverty, inequality and regional development within a country.

  • Appreciation of the variety of factors influencing the path of economic development of a country.

  • Ability to question current thinking and take a part in debates on contemporary issues and topics.

  • To identify concepts and principles underlying theoretical frameworks, recognize their competing perspectives and notice possibility of new concepts within existing framework.

  • Propose different national policies as solutions for specific development problems in specific contexts.

Teaching and Learning Strategy:

  • Learning for this module will primarily be textbook based, with a limited number of additional readings for specific topics chosen by the course tutor. Teaching will be a combination of lectures and tutorial discussion groups.

    Tutorials will provide a forum for in-depth topical analysis and set class quizzes which test student subject knowledge. Students will engage in independent, guided study with the support of the course tutor.

    (ILO:1-10)

Assessment Strategy:

  • One midterm exam and two quizzes will test if students are keeping up with the reading and course content materials, and help them focus their learning. (ILO:1-6)

  • Students will design and produce a policy brief relating to a chosen topic within economic development. (ILO: 8)

  • Final cumulative exam (ILO: 1-7,9,10)

  • Class discussion and participation. (ILO:1-10)

Practical Skills:

  • Ability to notice and comprehend complex economic and politics relationships

  • Interpret and articulate on models and theories relating to economic development

  • Understand and interpret various national policies

  • Interpret basic data relating to globalisation and present ideas in a reasoned manner.

  • Ability to apply the theory related to Economics and Politics Development to the real-life concerns.

Teaching and Learning Strategy:

  • Lectures (PS:1-4)

  • Tutorials and group work (PS:1-5)

  • Independent, guided study with the support of the course tutor (PS:1-5)

Assessment Strategy:

  • Written paper: Policy brief (PS:5)

  • Exams (PS:1-5)

Transferable Skills:

  • Ability to effectively present own and others’ point of view

  • Communication Skills: Written and Oral

  • Critical thinking skills

  • Analytical skills

  • Ability to extract meaning from information

  • Ability to present a balanced argument

  • Problem solving skills

  • Meet deadlines

  • Good time management

  • Organize/manage projects

Teaching and Learning Strategy:

  • Lectures (TS:5)

  • Tutorials (TS: 1-7)

  • Independent, guided study with the support of the course tutor (TS: 1-10)

Assessment Strategy:

  • Written paper: Policy brief (TS: 1-10)

  • Exams (TS: 1-7)

 

Key Texts and/or other learning materials

Set text

  • Todaro, M., Smith, S., (2014), Economic Development, 12th Edition, Pearson

Supplementary Materials

  • Goldin, I., (2016) The Pursuit of Development: Economic Growth, Social Change and Ideas, Oxford University Press

  • Giugale, M., (2014), Economic Development: What Everyone Needs to Know, Oxford University Press USA

  • Soderborn, M., Teal, F., et al, (2014), Empirical Development Economics, Routledge

  • De Janvry., Sadoulet, E., (2016), Development Economics: Theory and Practice, Routedge

  • Snowdon, B., (2009), Globalisation, Development and Transition: Conversations with Eminent Economists, Edward Elgar Publishing

  • Harald Claes, D., Knutsen, C., (2011), Governing the Global Economy : Politics, Institutions and Economic Development, Routledge

  • Institute of Economic Development, (2017), [online] http://www.ied.co.uk/ (Accessed 17 April 2017).

  • The Economist, (2017), Economic development, [online] http://www.economist.com/topics/economic-development (Accessed 17 April 2017).

  • IMF, (2017), [online] http://www.imf.org/ (Accessed 17 April 2017)

  • Elsevier, (2017), Journal of development Economics, ( [online] http://www.journals.elsevier.com/journal-of-development-economics/open-access-articles/ (Accessed 17 April 2017)

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : April 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review

       
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