Economics

The Economics of Development

Module code: L1065
Level 6
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Computer based exam, Coursework

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