Study Abroad and Exchanges



ECO3024 : Economics of Development

Semester 1 Credit Value: 10
ECTS Credits: 5.0


To enhance understanding of the internal and external factors which affect the level of development and the impact of change in the developing countries.

This course provides a framework for understanding the successes and failures of post-war development in the so-called Third World economies. These encompass a large part of the world economy so it would be unwise to generalize extensively. Economists have sought unifying themes amidst the diversity and a development specialism has emerged. Text-book economic principles and models can be applied but their application has to allow for the particular conditions, both internal and external, that a given country faces.

Outline Of Syllabus


• Meaning of development; development vs. economic growth; differences between developing and developed countries.
• Classic Theories I: the Harrod-Domar model and the Lewis model.
• Classic Theories II: The Solow Model; The Endogenous Growth Theory - The Romer model.
• The Coordination Failure Approach to Underdevelopment; the Big Push and the O-Ring theories.
• Income inequality and poverty.
• Education and a model of child labour.
• Agriculture.
• Industrialisation.
• Urbanisation and Migration.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion130:0030:00N/A
Scheduled Learning And Teaching ActivitiesLecture161:0016:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00Seminars
Guided Independent StudyIndependent study125:0025:00N/A
Teaching Rationale And Relationship

1. Lectures provide an overview of the main topics and their treatment in earlier and current literature.
2. Seminars require students to explore how economic analysis has been applied to particular topics recently and to give oral debates on their group work.
3. Private study involves following up reading list references for oral debates and examination preparation, and to explore library and website resources independently for the same purpose.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination901A85N/A
Other Assessment
Description Semester When Set Percentage Comment
Prof skill assessmnt1M15Oral debate in groups set in Semester 1
Assessment Rationale And Relationship

1. The unseen examination is designed to encourage study across a broad range of subject area, mainly using reading list material, while the in-course assignment gives scope for more independent investigation in some depth of a particular area of the syllabus, in collaboration with others.

Resit examination will be an unseen 90 minute written examination

Reading Lists