ECON 7067 - Economic Development

North Terrace Campus - Semester 2 - 2019

This is an advanced postgraduate course in development economics. This course aims to provide students with an economic understanding of the origins of uneven patterns of economic development, as well as an understanding of policies that can be applied in developing countries and how we can measure their effectiveness. Topics may include productivity effects of health, private and social returns to education, child labour, public finance, firms and contracts, and the markets for land, credit and savings.

  • General Course Information
    Course Details
    Course Code ECON 7067
    Course Economic Development
    Coordinating Unit School of Economics
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 4 hours per week
    Available for Study Abroad and Exchange Y
    Assumed Knowledge ECON 7011 or equivalent
    Course Description This is an advanced postgraduate course in development economics. This course aims to provide students with an economic understanding of the origins of uneven patterns of economic development, as well as an understanding of policies that can be applied in developing countries and how we can measure their effectiveness. Topics may include productivity effects of health, private and social returns to education, child labour, public finance, firms and contracts, and the markets for land, credit and savings.
    Course Staff

    Course Coordinator: Associate Professor Mandar Oak


    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes

    The purpose of this course is to provide students with a thorough introduction to some central themes and results in issues of economic development.

    On successful completion of this course, students will be able to:

    1 Apply selected economic models relating to the process of economic development and to activities within low-and middle-income countries
    2 Identify and interpret use of econometric analysis and other empirical tools to address issues in economic development
    3 Develop the capacity to read and understand the journal literature in the area of economic development and to present these ideas to an audience
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1, 2, 3
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1,2, 3
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    3
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1, 2, 3
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • Able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    3
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    1, 2, 3
  • Learning Resources
    Required Resources
    This course will make extensive use of journal articles. These articles are available in the e-journal format through the university library and university subscribed sites sites such as JSTOR. PDF files of particular articles will be posted about week before they are covered in the lecture.
    Online Learning
    This course uses MyUni intensively and you are required to check the website regularly.
    https://myuni.adelaide.edu.au/webapps/login

  • Learning & Teaching Activities
    Learning & Teaching Modes
    Learning in this course is through lectures and personal study.
    The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given in assignments or exams.
    There will be student presentation sessions which will be held during the lectures.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    Students in this course are expected to attend all lectures throughout the semester. Students are also expected to commit approximately 8 hours to private study, that is, study outside of your regular classes.
    Learning Activities Summary
    The course is divided into two modules, each running for 6 weeks.

    Weeks 1-6 will cover topics in Macro-development and International aspects of Development, including globalization and development, the role of capital flows in development, and global supply chains.

    Weeks 7-12 will cover topics in Micro-development, including underdevelopment and market dysfunction, such as problems of land, credit and labour markets in underdevelopment countries

    Week 1: Introduction Tue. 26 July 12pm What is development and how can we measure it? Thu. 28 July 10am (1) Growth Theory and Evidence, (2) Trade and Growth; Does it matter what is exported?

    Weeks 2-6: Development strategies in a global economy Tue. 2 Aug 12 pm The rise and decline of import-substituting industrialization as a development strategy Thu. 4 Aug 10am. Outward-oriented development strategies Thu. 4 Aug 11am Resource Curse Assignment #1 – country study on the evolution of development strategy – due 16 August Week 3: Globalization and development Tue. 9 Aug 12 pm Trade Liberalization and Trade Costs Thu. 11 Aug. 10 am Why do Trade Costs Vary? Aid for Trade Thu. 12 Aug 11am Trade and Growth Week 4: Supply chains Tue. 16 Aug 12 pm The origins of GVCs Thu. 18 Aug 10 am Factory Asia and Asian regionalism Thu. 18 Aug 11am Why has World Trade increased so much? Week 5: Capital flows Tue. 23 Aug 12 pm foreign direct investment and the role of transnational corporations, Thur. 25 Aug 10 am portfolio investment, debt crises, and defaults Thu. 25 Aug 11am Why do Trade Costs Vary? Week 6: Inequality Tue. 30 Aug 12 pm does inequality increase or decrease with economic development? Thu. 1 Sept 10 am who wins and who loses from globalization? Th. 1 Sept 10 am Supply Chains and Development.

    Weeks 7-12: Microeconomic issues in developing countries   Tue. 6 Sept 12 pm TBA Thu 8 Sept 10 am TBA Th 8 Sept 11 am Income Inequality Tue. 13 Sept 12 pm TBA Thu. 15 Sept 10 am TBA Assignment #2 – due 6 October Mon 19 – Fri 30 Sept midsemester break Tue. 4 Oct 12 pm TBA Thu 6 Oct 10 am TBA Tue. 11 Oct 12 pm TBA Thu. 13 Oct 10 am TBA Tue. 18 Oct 12 pm TBA Thu. 20 Oct 10 am TBA Tue. 25 Oct 12 pm TBA Thu. 27 Oct 10 am TBA Sat 5 – 19 Nov final exam period
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    Assessment

        Weighting

    Assignment 1

    15%

    Assignment 2

    15%

    Article Presentation

    20%

    Final exam

    50%

    Assessment Detail
    1. There will be two assignments during the semester. The assignments are compulsory and not redeemable, unless a student has a medical certificate which must be presented to the lecturer before any redemption can be arranged.
    2. Each student will be required to present in class a critical summary and analysis of a journal article chosen from the list provided by the lecturer. Detailed information will be provided by the lecturer in class.
    3. There will be a 2-hour final exam during the official University exam period.
    4. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process.  Marks will not be awarded in the final examination for answers that cannot be read. Please note that, following University policy, dictionaries are not allowed in School of Economics exams.
    Submission
    Unless a prior permission has been granted by the lecturer, assignments handed in late will receive zero grades.
    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

    Additional Assessment
    If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.
  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

    The policy of the School of Economics is to not return final exam scripts to students.  However, they are made available for students to read under the supervision of the Course Coordinator, at a time and place to be announced.
  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.