Economic Development (ECON30002)

Undergraduate level 3Points: 12.5Not available in 2025

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Overview

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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

On successful completion of this subject, students should be able to:

  • 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; and
  • Critically evaluate policy prescriptions in the context of the development process and within the context of a rapidly globalising world economy.

Generic skills

On successful completion of this subject, students should have improved the following 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: 9 April 2025

Eligibility and requirements

Prerequisites

Students must meet one of the following prerequisite options:

Option 1 - Standard quantitative path

One of

Code Name Teaching period Credit Points
ECOM20001 Econometrics 1
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
ECON20003 Quantitative Methods 2
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5

AND

Code Name Teaching period Credit Points
ECON20002 Intermediate Microeconomics
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5

Option 2 - Mathematics quantitative path

Code Name Teaching period Credit Points
MAST20005 Statistics
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

AND

One of

Code Name Teaching period Credit Points
MAST20004 Probability
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
MAST20006 Probability for Statistics
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 9 April 2025

Assessment

DescriptionTimingPercentage

Individual written quiz

  • 1000 words
Week 620%

Individual written quiz

  • 1000 words
Week 1020%

End-of-semester examination

  • 2 hours
Hurdle requirement: To pass this subject students must pass the end of semester examination.		During the examination period60%

Last updated: 9 April 2025

Dates & times

Not available in 2025

Time commitment details

170 Hours

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

Last updated: 9 April 2025

Further information

Last updated: 9 April 2025