ECON 3501 - Development Economics III

North Terrace Campus - Semester 1 - 2014

About 1.7 billion people live in absolute poverty, with many more facing severe need. How can developing economies make the transition to the economic prosperity enjoyed in the developed world? The aim of the course is to provide students with an understanding of the immense and varied economic challenges facing these people and developing economies in general, and what practical and effective policies can be implemented to address these challenges. Topics to be discussed may include: the meaning and measurement of development, growth theories, poverty and income distribution, human capital, demographic change and sustainable development, agriculture and rural development, trade and industrialisation, foreign aid and investment, and economic governance.

  • General Course Information
    Course Details
    Course Code ECON 3501
    Course Development Economics III
    Coordinating Unit Economics
    Term Semester 1
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Incompatible ECON 3006
    Assumed Knowledge ECON 2506 & ECON 2507
    Assessment Typically, tutorial work, mid-semester exam, assignment & final exam
    Course Staff

    Course Coordinator: Tatyana Chesnokova

    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course students will be able to:
    1 The purpose of this course is to provide students with a thorough introduction to some central themes and results in issues of economic development
    2 Upon successful completion of the course the student should understand, at the level of formal analysis, the measurement of inequality and the major models of economic growth, international trade, productivity effects of health, private and social returns to education, child labour, and the markets for credit
    3 Be familiar with empirical evidence on the patterns of economic development
    4 Develop the capacity to read and understand the journal literature in the area of economic development
    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, 4
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1, 2, 3, 4
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1, 2, 3, 4
    Skills of a high order in interpersonal understanding, teamwork and communication. 1, 2, 3, 4
    A proficiency in the appropriate use of contemporary technologies. 1, 2, 3, 4
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1, 2, 3, 4
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1, 2, 3, 4
    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, 4
  • Learning Resources
    Required Resources
    1. Development Economics by Debraj Ray, 1998, Princeton University Press.

    2. Understanding Poverty by Banerjee et al, 2006 (free electronic book)
    Online Learning
    TED talks available at
  • Learning & Teaching Activities
    Learning & Teaching Modes

    Learning in this course is through lectures, tutorials, and personal study. The format of the teaching consists of two formal lectures of one hour per week, and one tutorial session per week.

    The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given during tutorials or exams.

    Tutorials represent an important learning component of the class. The tutorials consist of 11 weekly sets of problems. Students are expected to work through the assignments independently and prepare solutions to be discussed during the tutorial time. The tutorial questions will include problem-solving exercises, policy article discussions and exercises with spreadsheets on actual data.


    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 plus one tutorial class each week. In addition, the workload for this class is designed for 9 hours per week of independent study.

    Learning Activities Summary
    Week 1 Introduction: What is Economic Development? How do we measure it?
    Week 2-3 Economic Growth
    Week 4 Economic Inequality
    Week 5 History, Colonialism and Institutions
    Week 6-7 Trade and Development
    Week 8 Fertility and Population Growth
    Week 9-11 The Role of Human Capital: Health, Education, Child Labor
    Week 12 The Role of Physical Capital: Credit and Microfinance
  • 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

    Mid semester test (20%)
    Will be held in Week 6, on 9th April, in class.

    Tutorial Participation (10%)
    Students are expected to source materials for the answers to the tutorial problem sets themselves and in discussion with their classmates. Students are expected to discuss their proposed solutions during the tutorials. The tutors will be available to discuss the answers which students propose. Tutors in charge will assess student's tutorial participation.

    Research Essay (10%)
    Due by 28th May. More information to be provided by the lecturer.

    Final Exam (60%)
    There will be a 2 hour exam.
    Please refer to 

    Assessment Related Requirements
    Attendance is expected for all tutorials.
    Assessment Detail

    The final exam will cover the full set of material developed in this course. This includes all materials from the lectures and other readings, as well as discussions and exercises considered in the tutorials.

    Cheating in Examinations and plagiarism in Related Forms of Assessment is a serious act of academic misconduct. Any incidence will be reported for disciplinary action.

    Any student failing to take the mid-semester test or attend tutorial must present a valid justification (medical, compassionate, or a valid University sanctioned representation) before any redemption points can be arranged for the final exam.

    Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks cannot be awarded for handwriting that cannot be read.


    No information currently available.

    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 ( 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.

  • 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.