Economic Development (9544.1)
Please note these are the 2018 details for this unit
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | ||
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra School Of Politics, Economics And Society | Level 3 - Undergraduate Advanced Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
This unit introduces major theories of economic development and to place them in a historical context. Theories of economic development attempt to explain the process that less developed countries (LDCs) go through to become developed countries (DCs). Further, because economic development is more than economic growth and involves changes in all aspects of society, both social and political, the discipline tends to be interdisciplinary, drawing from other social sciences such as sociology and geography.
1. Define economic development and its components;
2. Describe major theories of economic development;
3. Explain and apply some basic economic models related to economic development and economic growth, including the Solow Growth model and its extensions;
4. Identify and discuss economic development theories in the social and political context in which they were created; and
5. Critically examine economic development theories in light of a history of poor performance in development programs.
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Learning outcomes
On successful completion of this unit, students will be able to:1. Define economic development and its components;
2. Describe major theories of economic development;
3. Explain and apply some basic economic models related to economic development and economic growth, including the Solow Growth model and its extensions;
4. Identify and discuss economic development theories in the social and political context in which they were created; and
5. Critically examine economic development theories in light of a history of poor performance in development programs.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
9518 Foundations of Microeconomics OR 6355 Introduction to EconomicsCorequisites
None.Incompatible units
NONE.Equivalent units
NO.Assumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|
Not available
Required texts
There is no required text book which students have to purchase for this unit. However, the following three books have been made available at the library for your perusal:
1. Gerard, R. (2014). "Development Economics". Taylor and Francis. [E-book available at UC library]
2. Thirlwall, A.P. and Pacheco-López, P. (2017). "Economics of Development: Theory and Evidence". 10th edition, Springer.
- Available for 3 Day Short Loan and 3 Hours Short Loan at UC library Level B; HD82.T48 2017
3. Todaro M. and Smith, S. (2015). " Economic Development". 12th edition, Pearson.
- Available for 3 Day Short Loan and 3 Hours Short Loan at UC library Level B; HD82.T552 2015
Participation requirements
None
Required IT skills
None
Work placement, internships or practicums
Not Applicable
