Year of entry: 2018
Course unit details:
Development Economics IIA
|Unit level||Level 2|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||Yes|
See course Blackboard pages.
|Unit title||Unit code||Requirement type||Description|
Students must have taken at least one of the following combinations (compulsory Pre-Requisite):
- (ECON10171 and ECON10181) or
- (ECON10081 and ECON10082) or
- (ECON10041 and ECON10042)
To familiarise students with models and perspectives which have been used to analyse the process of growth and structural transformation in developing economies. Some basic policy problems facing less developed countries are also introduced. A critical understanding of how different economists have analysed the development process will be expected.
At the end of this course unit it is expected that students will be able to demonstrate both an understanding of and ability to critically engage with models and perspectives which have been used to analyse the process of growth and structural transformation in developing economies. Students should also appreciate and be able to address some basic policy problems facing less developed countries. Competing perspectives are part of this course and ability to understand these and take sides in debates is expected.
Characteristics of Underdevelopment (C3, Thirlwall)
Basic Needs (C3, Thirlwall)
Structural Change (C3, Thirlwall)
- Stages theories.
- Industrialisation and Growth: Kaldor's "growth laws".
Theories of Economic Growth (C5, Thirlwall)
- Classical Smith Ricardo Malthus and Marx.
- Keynesian: Harrod-Domar.
Land, Labour and Agriculture (C6, Thirlwall)
- Role of Agriculture in Development.
- Lewis Model (and Lewis (1954)).
The Big Debate
- Resource Allocation in Developing Countries
- Rival views on the Role of the State and Market (C10, Thirlwall)
Teaching and learning methods
Lectures and tutorial classes.
- Analytical skills
- Synthesis and analysis of data and information. Critical reflection and evaluation.
- Problem solving
- Planning, conducting and reporting on research. Undertaking academic research using library, electronic and online resources.
Final Exam (one and half hours):
- 20 multiple choice questions (40%).
- Essay (60%).
MCQs in the lecture slot and a mock exam conducted in a lecture slot towards the end of the course. The main forms of feedback on this course are the scores from the MCQs and the mock exam – responses to issues raised on the MCQ sheets and the Mock Exam, office hours and ad hoc meetings with academic staff, discussions in tutorials or at the end of the lecture and via the discussion group in blackboard.
The course uses:
- Thirlwall, A.P. and Penélope Pacheco-López (2017) Economics of Development: Theory and Evidence. 10th edition.
- BUT earlier editions are also fine (Thirlwall, A.P. (2011), Economic and Development, 9th edition, Palgrave: Macmillan and eds 6-8 entitled Growth and Development, Palgrave: Macmillan).
We will also read:
- Lewis, W. Arthur (1954) Economic Development with Unlimited Supplies of Labour, Manchester School, May Volume 22, Issue 2, pages 139–191.
Some other articles and books will be referenced in the lectures. These may be made available or referenced on the Blackboard site.
|Scheduled activity hours|
|Assessment written exam||1.5|
|Independent study hours|
|Nicholas Weaver||Unit coordinator|