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Durham University

Faculty Handbook 2022-2023

Module Description

Please ensure you check the module availability box for each module outline, as not all modules will run each academic year.

Department: Economics and Finance

ECON3171: DEVELOPMENT ECONOMICS

Type Open Level 3 Credits 20 Availability Available in 2022/23 Module Cap Location Durham

Prerequisites

  • Any Level 2 Economics module.

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • To provide students with insights into some of the key issues affecting the economic development of countries
  • To stimulate students to study, present and debate their own ideas and analyses of these issues.
  • To widen students' perceptions of the world and of the applicability of economic science and to motivate them to retain that perception.
  • To provide the opportunity for students to build on knowledge and key skills acquired in their second year studies

Content

  • In the first term the module begins with a consideration of the meaning and measurement of development. Different theories of growth and convergence are analysed, as are two-sector growth models, and the role of human capital.
  • The development of agriculture, causes of famine, problems of poverty and inequality are also studied and the term concludes with theories of rural-urban and international labour migration.
  • In the second term the lectures cover the role of institutions, culture and political systems, trade, domestic finance, foreign aid, macroeconomic stability, and the resource curse along with an assessment of the role of government in promoting sustainable economic development.
  • Throughout the module examples are taken from the development experiences of Latin America, Asia, sub-Saharan Africa, and the MENA economies.

Learning Outcomes

Subject-specific Knowledge:
  • Theories, controversies, policies and case studies of how countries attempt to grow and develop over time.
Subject-specific Skills:
  • Application of economic analysis to low income countries
Key Skills:
  • critical and analytical thinking
  • problem solving
  • written communication
  • own learning
  • working with numbers
  • working with others
  • bibliographic search and information retrieval.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures; preparation and participation in seminar classes and private study.
  • Formative assessment is by means of seminar assignments and a 1250 word essay.
  • Summative assessment is by means of a written examination and an essay.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 20 1 per week 1 hour 20
Seminars 8 Fortnightly 1 hour 8
Revision lecture 2 2 in term 3 1 hour 2
Preparation and Reading 170
Total 200

Summative Assessment

Component: Examination Component Weighting: 60%
Element Length / duration Element Weighting Resit Opportunity
Written examination 2 hours 100% Same
Component: Assignment Component Weighting: 40%
Element Length / duration Element Weighting Resit Opportunity
One essay 2500 words max 100% Same

Formative Assessment:

Seminar assignments and a 1250 word formative essay


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University



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