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

Bachelor of Accounting

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