ECON7010 - Economics of Development

Term 1



Aims:

To expose second-year undergraduates with reality of low-income economies, and alternative explanations from an economist standpoint; to deliver analytical tools for understanding the multidimensional aspects of poverty; to describe existing data and show understanding of ongoing debates and tensions over alternative explanations pertaining persistent underdevelopment and poverty traps; to show what might or might not work in poverty relief efforts by local governments and international donor agencies; to deliver a solid understanding of how microfinance can potentially benefit low-income households; and explain policies which aim at enhancing health and educational standards, promote gender equity in developing countries, and social inclusion in industrialized economies.

Objectives:

By the end of the course, students should:

  • have gained major insights on why poor countries and households remain poor
  • be aware of ongoing concerns and debates over poverty-related issues by international organizations
  • be aware of academic research, both theoretical and empirical, to better frame contrasting views and policies targeting poor households.
Taught by:
Beatriz Armendariz
Assessment: The course comprises 20 hours of lectures and 4 compulsory tutorial classes with an exercise sheet for each. There will be a 2-hour unseen written examination in Term 3.
Suitable for:
2nd & 3rd year Economics (L100), and 3rd year Econ/Geog(LL17), and Phil/Econ(VL51) students.
Prerequisites: ECON1001: Economics, ECON1002 Applied Economics (or equivalent), and either ECON1004 Intro to Maths for Economics or MATH6401 & 6402. Students should have taken, or be concurrently taking, ECON2001: Microeconomics.
Moodle page:
ECON7010