Postgraduate

Modules

Modules

TCP7023 : Economics of Development

Semesters
Semester 2 Credit Value: 10
ECTS Credits: 5.0

Aims

1. To provide an introduction to the variety of economic concepts that have a significant role in the work of professional planners.
2. To provide an introduction to a broad range of economic tools and modelling techniques so that their application in a planning environment can be fully understood.

This module allows students to develop a detailed theoretical and practical understanding of the economics of the development process. No previous knowledge of economics is required; the core principles needed to sucessfully complete the module are covered in early sessions. On completion, students will be able to apply a broad variety of economic techniques to the planning and development process, thus providing them with an enhanced understanding of both the market for development and the policy environment within which it operates.

Outline Of Syllabus

-Introductory concepts: A short bibliography of "economic man"
-Introductory concepts: Economic organisation and the theoretical rationale for regulation
-Introductory concepts: Market failure and publci intervention in the real world
-The Economics of Development: A theoretical overview of the operation of the market for development
-The Economics of Development: The economic objectives of the developer.
-The Economics of Development: Theoretical development business planning processes
-The Economis of Development: Development business planning in the real world: a case study
-Economic Process and Policy: The real-world operation of the market for development
-Economic Process and Policy: Urban regeneration, job creation and economic multipliers
-Economic Process and Policy: An economic analysis of the planning process

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion125:0025:00N/A
Scheduled Learning And Teaching ActivitiesLecture121:0012:00N/A
Guided Independent StudyDirected research and reading126:0026:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching121:0012:00Seminars
Guided Independent StudyIndependent study125:0025:00N/A
Total100:00
Teaching Rationale And Relationship

The lectures provide a detailed explanation of the key issues and an examination of important literature. The seminars provide support for the valuation exercise and for discussions about the application of the techniques to planning issues.

Assessment Methods

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

Other Assessment
Description Semester When Set Percentage Comment
Essay2A1002,500 word essay
Assessment Rationale And Relationship

The lectures provide a detailed explanation of the key issues and an examination of important literature. The seminars provide support for the valuation exercise and for discussions about the application of the techniques to planning issues.

Reading Lists

Timetable