Development Economics (ECON40012)
HonoursPoints: 12.5On Campus (Parkville)
About this subject
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The subject will cover development economics. The topics covered may include economic growth theory including models in which growth is endogenous, measurement of poverty and inequality, tests of the efficiency of labour and credit markets, consumption smoothing, micro-credit schemes and demographic issues.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Evaluate the ways in which developing countries differ from developed countries;
- Identify how these differences affect the economic environment in which people live and the economic decisions made by households;
- Analyse the relevance of particular theories to different environments;
- Evaluate the results of empirical tests of the economic theories;
- Synthesise the theoretical and empirical literature and describe the current state of knowledge in the field of development economics; and
- Critically evaluate policy prescriptions in developmental economics.
High level of development: problem solving; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.
Moderate level of development: oral communication; written communication; statistical reasoning; application of theory to practice; receptiveness to alternative ideas.
Some level of development: collaborative learning; team work; use of computer software; accessing data and other information from a range of sources.
Last updated: 3 November 2022