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  3. Economic Development

Economic Development (ECON30002)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

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Semester 2
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This subject will address economy-wide issues in economic development. The main objectives of the subject are to examine the key determinants of economic growth and the actual development experience of selected countries. Special emphasis will be placed on drawing policy lessons from the latest research and country experience of growth and development. The subject will cover topics such as social welfare, education, institutions, corruption, microfinance, foreign aid, the geography of economic development, and theories of economic growth and development.

Intended learning outcomes

  • Explain the concept and measurement of development
  • Critically assess the relevance of the theories developed to explain the economic development process
  • Explain and analyse development issues through the application of economic theories and data
  • Describe the ways in which developing countries differ from developed countries
  • Analyse the major issues effecting developing countries of the world today
  • Critically evaluate policy prescriptions in the context of the development process and within the context of a rapidly globalising world economy.

Generic skills

  • High level of development: written communication; application of theory to practice; interpretation and analysis; critical thinking; receptiveness to alternative ideas.

  • Moderate level of development: oral communication; problem solving; evaluation of data and other information; accessing data and other information from a range of sources.

  • Some level of development: statistical reasoning; synthesis of data and other information.

Last updated: 3 October 2024