ECON 7067 - Economic Development IV

North Terrace Campus - Semester 2 - 2014

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 IV
    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
    Assumed Knowledge ECON 7011 or equivalent
    Course Description 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: Professor Richard Pomfret

    Associate Professor Mandar Oak will take the introduction and second part of the course.

    Office:  Room 3.54, Nexus 10 building, 10 Pulteney Street
    Phone: 831 34768
    Email: mandar.oak@adelaide.edu.au


    Professor Richard Pomfret will take the first part of the course.

    Office:  Room 4.36, Nexus 10 building, 10 Pulteney Street
    Phone:  831 34751
    Email: richard.pomfret@adelaide.edu.au
    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.

     Upon successful completion of the course the student should:

    1 understand, at the level of formal analysis, selected economic models relating to the process of economic development and to activities within low-and middle-income countries
    2 be able to apply 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)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1,2,3
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1,2,3
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1,2,3
    Skills of a high order in interpersonal understanding, teamwork and communication. 3
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1,2,3
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1,2,3
  • Learning Resources
    Recommended Resources

    Ray, Debraj. Development Economics. Princeton University Press
    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 students’ 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

    Schedule
    Week 1 Introduction
    - Growth theory and evidence
    - Trade and growth: does it matter what is exported?
    Weeks 3 - 7:  Development strategies in a global economy (Richard Pomfret)
    Week 3 Inward and outward development strategies
    - The rise and decline of import-substituting industrialization as a development strategy
    - Outward-oriented development strategies
    Week 4 Globalization and development
    - Trade liberalization and trade costs
    - Why do trade costs vary?  Aid for trade
    Week 5 Supply chains
    - The origins of GVCs
    - Factory Asia and Asian regionalism
    Week 6 Capital flows
    - Foreign direct investment and the role of transnational corporations
    - Portfolio investment, debt crises, and defaults
    Week 7 Inequality
    Weeks 8 - 12:  Microeconomic issues in developing countries (Mandar Oak)
    Week 8 tba
    Mid-semester break and Labour Day public holiday
    Week 9 tba
    Week 10 tba
    Week 11 tba
    Week 12 tba
  • 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 has to 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 lecturers 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.

    Assignment 1: Country study on the evolution of development strategy - when did major policy change occur and why?  Due 11 September 2014.
    Submission
    Assignment 1: due date – Thursday 11 September 2014.

    Assignment 2: due date – Thursday 30 October 2014.

    Assignments handed in late will receive ZERO grades. Assignments must be handed in class to
    the lecturer.

    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.

  • 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.