Economic Development

Course code ECON3002Units 10Level 3000Faculty of Business and LawNewcastle Business School

The objective of ECON3002 is to offer a clear, comprehensive overview of the processes of economic growth and development. Particular reference will be made to the dimensions of national development policy making in a globalised world. Case studies from selected developing and developed countries will be used to illustrate past and current approaches to economic development.

Students acquire the capacity to i) collect and interpret data on developing economies; and ii) write reviews of case studies, which are informed by the insights about development gained in the course. While a background in introductory economics is useful, those students with no theoretical background in economics are encouraged to take the course. These students will be assisted to develop their understanding to a level which is appropriate for a third year Economics course.

Available in 2015

Callaghan CampusSemester 2
Previously offered in 2014
ObjectivesOn successful completion of this course, students will be able to:
1. Assess competing theoretical arguments about economic growth and development the its impact on national economic development;
2. Demonstrate a deep analytical understanding of contemporary economic development issues;
3. Access and analyse economic growth and development data which are pertinent to contemporary economic development debates internationally;
4. Engage in critical thinking through the comparative assessment of competing economic development models and policy frameworks;
5. Engage in team processes to analyse and communicate data outcomes.
ContentLectures may include, but are not restricted to, the following topics:
1. Major theories, models and approaches to economic growth and development
2. Poverty and inequality
3. Population and emerging development issues for the 21st century: human capital, migration, urbanisation and labour markets
4. Agriculture, trade, environment and sustainability
5. Globalisation, investment and aid
6. Foreign debt and financial crises
7. Managing short run crises in an open economy
8. Political economy and development
Replacing Course(s)This course replaces ECON2330/ECON3330 Asian Business Development
TransitionThis course is not available to students who have successfully completed ECON2330/ECON3330.
Industrial Experience0
Assumed KnowledgeECON1001, ECON1002
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Case StudiesGroup
Examination: ClassMid semester test
Examination: FormalEnd of Semester formal examination
Presentations - Group
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks
Timetables2015 Course Timetables for ECON3002