Economics
The Economics of Development
Module code: L1065
Level 6
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Coursework, Computer based exam
This module addresses some of the major problems of economic development in low- and middle-income economies: the relationship between poverty, inequality and economic growth; long-run growth and structural change; microeconomic issues in agricultural development, including theories of peasant resource allocation and farm size and efficiency; market performance in the rural and informal sectors of less developed countries (LDCs); industrialisation and trade policy; the roles of monetary policy and foreign aid in resource mobilisation; stabilisation and structural adjustment; and investment in human capital.
Module learning outcomes
- Systematically understand the key economic problems and challenges specific to low and middle-income economies, with the ability to apply the knowledge and understanding in practice
- Critically evaluate arguments and data relating to developing countries
- Systematically understand the main theoretical models and empirical methods that are used by the profession to study economic development and be able to comment upon related research
- Analyse and communicate problems in development, both in writing and through presentations to specialist and non-specialist audiences