ECON7010 - Economics of Development

Term 1


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.


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.
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