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ECF340-FPD-1 - Course Outline 2020-2 PDF

This document provides a course outline for Development Economics covering key topics in the field from January to June 2020. The course aims to enhance students' understanding of development theories and models and apply them to development problems. Students will learn to analyze development literature, compare empirical work, and design policies. Main topics include economic growth theories, poverty, inequality, population growth, human capital, foreign resources, debt, microfinance, and structural adjustment. Assessment consists of assignments, tests, exams. Required readings include texts on economic development process, theories, and structural adjustment in developing economies.

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850 views3 pages

ECF340-FPD-1 - Course Outline 2020-2 PDF

This document provides a course outline for Development Economics covering key topics in the field from January to June 2020. The course aims to enhance students' understanding of development theories and models and apply them to development problems. Students will learn to analyze development literature, compare empirical work, and design policies. Main topics include economic growth theories, poverty, inequality, population growth, human capital, foreign resources, debt, microfinance, and structural adjustment. Assessment consists of assignments, tests, exams. Required readings include texts on economic development process, theories, and structural adjustment in developing economies.

Uploaded by

Dario Kabanga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SCHOOL OF BUSINESS, ECONOMICS AND MANAGEMENT

ECF340 – DEVELOPMENT ECONOMICS


COURSE OUTLINE
ECF340 – Development Economics
Course Outline for The Period January 2020 to June 2020
Course Lecturer: Ignatius Masilokwa ([email protected])

Course Aim
The course aims at:
• Providing students with an understanding of key issues in the process of economic
development
• Enhancing students’ ability in applying economic theories and models to study
development problems
• Discussing relevant empirical literature with the view of forming policy
recommendations

Learning Outcomes
At the end of this course students are expected to be able to:
• Outline the main theories and concepts in development economics
• Select and analyze economic theories relevant for issues in economic development
• Summarize and evaluate empirical work in development economics
• Compare and contrast empirical work for the purpose of designing policy for a
specific context.
• Apply some of the models and methods in development economics to conduct
independent research in areas relevant to the topics covered

Course Content

1. Introduction
Defining development economics
The concepts of development and economic growth
Measures of development (GDP, GNP, GDP per capita, GNP per capita, HDI)
The characteristics of underdevelopment
2. Theories of Economic Growth and Development
• Development as Growth and the Linear-Stages Theories
Rostow’s Stages of Growth
The Harrod-Domar Growth Model
Obstacles and constraints
Necessary versus sufficient conditions: some criticisms of the stages model
Conclusions and Implications

• Structural-Change Models
The Lewis Theory of Development
Structural change and patterns of development
Conclusions and Implications

• The International Dependence Revolution


The Neo-colonial dependence model
The False paradigm model
The Dualistic development thesis
Conclusions and Implications

• Neo-Classical Growth Model


Solow growth model
Conclusions and implications

3. Poverty, Inequality and Development


Poverty concepts
Characteristics of poverty groups
Causes of poverty
Consequences of poverty
Inequality concepts
Causes of inequality
Consequences of inequality
Welfare policy implications

4. Population Growth and Economic Development


Key population definitions
Population growth and quality of life
Determinants of population growth
Micro-economic theory of fertility
Consequences of high fertility
Addressing population problems

5. Human Capital and Economic Development


Education and health as joint investments in development
Investing in Health and Education: the human capital approach
Addressing health and education gaps
6. Foreign Resources, Debt and Development
International flow of financial resources
Foreign Direct Investment Debate
The role of growth and remittances in economic development
Debt and development

7. Micro-Finance and Economic Development


Defining MSMEs
Role of MSMEs in Development
Financial Institutions and MSMEs

8. Structural Adjustment
Neoliberal underpinnings of structural adjustment – “The Washington Consensus”
Theories and practice of stabilization and adjustment
Expected impact and outcome
The future of adjustment – “The Post Washington Consensus”

Method of Teaching
Four lecture hours per week for full-time students; three lecture hours per week for part-time
students and eight lecture hours per week (for two weeks) for distance students

Assessment Full and Part Time Distance


Assignment 10% 10%
Test - 20%
Mid-Exam 20% -
Total CA 30% 30%
Final Exam 70% 70%
Total 100% 100%

Required Reading
✓ Cypher, M J and Duetz L J (2004) The Process of Economic Development, 2nd edition),
Routledge, London
✓ Todaro P. Michael. and Smith. Stephen (2012), Economic Development. 11th edition,
Pearson Education Inc.
✓ Thirwall . A. P (2006) Growth and Development. With Special Reference to Developing
Economies, 8th edition, Palgrave Macmillan, New York.

Recommended Reading

✓ Meier, G. (1995) Leading Issues in Economic Development. 6th edition, Oxford, England
Oxford University Press.
✓ Mwanza, A., Structural Adjustment Programmes in SADC: Experiences and lessons.
Harare, Zimbabwe: SAPES, 1992.

✓ Thirlwall A.P (2011) Economics of Development: Theory and Evidence. 9th edition,
Palgrave Macmillan.

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