The course deals with the principal issues of economic development, with the objective of preparing students for advanced study and policy-oriented research in this subject area. Emphasis will be on economy-wide aspects of economic development, with special references to international dimensions of national development policy making. The basic approach is to present the relevant theory, examine the empirical validity of alternative models and draw out their policy implications. Major policy issues are discussed with illustrations from actual experiences in selected developing countries. As an integral part of the course, an attempt will be made to train students to collect and interpret data on developing economies. The course is intended for students in the Master of International and Development Economics or the Master of Public Policy.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
The purpose of the course is to introduce students to the wide-ranging policy issues and theories in development economics. On satisfying the requirements for this course, students will have the knowledge and skills to critically evaluate economic problems of developing countries and to effectively participate in the contemporary policy debate on development priorities and policy reforms in these countries. It is hoped that the course will help students in defining topics for their doctoral research.
Other Information
Course Outline
Week 1: Economic development: concept and measurement
Week 2: Growth, development and poverty: a historical overview
Week 3: Economics of growth and development
Week 4: Economics of growth and development (continued)
Week 5: Agriculture and rural development
Week 6: Industrialization
Week 7: Population dynamics, employment and labour mobility
Week 8: Domestic financing of economic development: saving and financial intermediation
Week 9: Globalization and economic development foreign trade
Week 10: Globalization and economic development: foreign direct investment and
multinational enterprises
Week 11: Globalization and economic development foreign aid and commercial lending
Week 12: Managing an open developing economy: exchange rate and balance of payments policy
Week 13 Political economy and economic reform
Indicative Assessment
Mid-Semester Examination 25%, Review essay 25%, Final Examination 50%
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Students should expect to spend at least 10 hours per week relating to the course (including class time).
Prescribed Texts
Main text
Perkins, Dwight H., Steven Radelet and David L. Lindauer, Economics of Development, Seventh Edition, New York: W.W. Norton, 2013.
For the review essay
Read one of the four books listed below and write a critical review of it in the light of what you have learned in the course.
(1) Acemoglu, Daron and James A. Robinson (2012), Why Nations Fail: Origin of Poverty, Prosperity and Poverty, New York: Crown Publisher.
(2) Edwards, Sebastian , (2010), Left Behind: Latin America and the False Promise of Populism, Chicago, ILL: Chicago University Press.
(3) Lin, Justin (2012), The Quest for Prosperity: How Developing Countries Can Take Off, Princeton, NJ: Princeton Universty Press.
(4) Sachs, Jeffrey D. (2008), Common Wealth: Economics for a Crowded Planet, New York: Penguin Press.
Preliminary Reading
Selected journal articles and chapters/section of books (available as a reading brick from Student Services, Level 1, JG Crawford building. The Student Services desk is open Monday-Friday 9:00 – 5:00))
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2019 | $4320 |
- International fee paying students
| Year | Fee |
|---|---|
| 2019 | $5700 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 9871 | 22 Jul 2019 | 29 Jul 2019 | 31 Aug 2019 | 25 Oct 2019 | In Person | View |