EC982: Development Economics
Introduction
The Development Economics module will provide students with the analytical tools and the knowledge to study and understand aspects of economic development in developing countries.
Principal Aims
The aim of the module is to equip students with the analytical tools and the knowledge to study and understand aspects of economic development in developing countries. This module will provide the foundation on the basis of which the study of developing countries can be carried out.
Principal Learning Outcomes
Subject Knowledge and Understanding:...demonstrate they have the theoretical and empirical tools and knowledge to analyse the problems and particularities of the functioning of markets and institutions in developing countries. This will help analyse the impact on economic development of alternative policies and institutions.
Subject Knowledge and Understanding:...have some appreciation of how development economics can contribute to the design, implementation and evaluation of economic policy to ameliorate poverty and promote economic development.
Syllabus
Topics change annually. Topics recently covered in this module include:
Empirical tools for development economics; misallocation; poverty traps; firms; chiefs; audits; migration; farms; affirmative action.
Context
- Optional Module
- L1P6 - Year 1, L1P7 - Year 1, LN1J - Year 1, L1I1 - Year 1
- Pre or Co-requisites
- Basic knowledge of microeconomic principles, elementary mathematical methods such as constrained optimization, and simple statistical methods such as multivariate regression. Knowledge of panel data techniques and basic microeconometrics would be an advantage.
Assessment
- Assessment Method
- Coursework (75%) + Centrally-timetabled examination (On-campus) (25%)
- Coursework Details
- Assessment 1 (Replication) (25%) , Assessment 2 (Group Essay) (25%) , Assessment 3 (Empirical Assignment) (25%) , Centrally-timetabled examination (On-campus) (25%)
- Exam Timing
- Summer
Subject Specific Skills
- Applied Economics
- Economic Information
- Economic Principles
- Research and Debate
- Abstraction
- Analysis of Incentives
- Analysis of Institutions
- Analysis of Optimisation
- Analytical Reasoning
- Analytical thinking and communication
- Concepts of Simultaneity and Endogeneity
- Creative Thinking
- Critical Thinking
- Policy Evaluation
- Problem Solving
- Strategic Thinking
- Sustainability
- Understanding of Uncertainty and Incomplete Information
Transferable Skills
- Data-based skills
- IT skills
- Numeracy and Quantitative Skills
- Information Technology
- Mathematical, statistical, data-based research skills
- Oral Communication
- Team Work Skills
- Written Communication
- Coding skills (Stata)