ECON 4007 - Economic Development IV (H)

North Terrace Campus - Semester 2 - 2015

This is an advanced 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 4007
    Course Economic Development IV (H)
    Coordinating Unit School of Economics
    Term Semester 2
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 4 hours per week
    Available for Study Abroad and Exchange N
    Assumed Knowledge ECON 2506 or equivalent
    Restrictions Available only to students enrolled in the Bachelor of Economics (Honours) program
    Course Description This is an advanced 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

    Professor Richard Pomfret
    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
    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.
    Recommended Resources
    Development Economics by Debraj Ray. 1998. 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 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.

    Module I will cover topics in Micro-development.
    Topics may include: review of theories of growth; theories of (under)development; underdevelopment and market dysfunction; problems of land, credit and labour markets in underdevelopment countries

    Module II will cover topics in Macro-development and International aspects of Development.
    Topics may include: globalization and development; role of capital flows in development; global supply chains
  • 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.


    Assignment 1: Critical review of a journal article NOT presented by the student (to be assigned by the lecturer).
    Assignment 2: Country study on the evolution of development strategy - when did major policy change occur and why?
    Submission
    Assignment 1: Due date – September 4, 2015
    Assignment 2: Due date – October 30, 2015

    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.

  • 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.

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