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ECO348

Development Economics II

This course, Development Economics II, is a two-credit undergraduate course designed for Economics students. It builds upon Development Economics I, covering topics such as governance, corruption, civil society, globalization, poverty, equity, and well-being. The course explores the interconnected elements that determine the quality of government and the importance of civil societies. Students will learn to evaluate good governance, understand macroeconomic concepts, and analyze the impact of trade liberalization on growth and poverty.

About this course

Difficulty
Intermediate
Study hours
221 hours
Maths
Basic
Content
Theoretical, case study, problem solving
Practical work
No
How it is assessed
  • Assignments
  • Tutor marked assessments
  • Final examination

One paragraph, so you can see how it reads

ECO348 · Unit 1: Good Governance and Good Policy

A good public policy seeks to define issues and implement strategies that will produce measurable and positive results for the general public. Effective public the policy will support democratic institutions and processes, serve justice, encourage empathetic and active citizenship, and solve problems efficiently and effectively without causing a political rift.

What you should be able to do

  1. Define and explain good governance and corruption.
  2. Explain the importance of civil society in development.
  3. Evaluate the impact of globalization on developing economies.
  4. Analyze poverty using various measurement indices.
  5. Describe the effects of trade liberalization on growth and poverty.
  6. Differentiate between growth-targeted and poverty-targeted interventions.

What it prepares you for

Careers
  • Policy Analyst
  • Development Economist
  • International Development Consultant
  • Government Advisor
  • NGO Program Manager
Where it is applied
  • Government
  • Non-Governmental Organizations
  • International Development Agencies
  • Research Institutions
  • Consulting Firms

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • Module 1: Governance and Corruption

    Unit 4: Corruption Justification

    Understanding the nuances of regulatory rent and rent-seeking requires grasping complex economic concepts.

  • Module 3: Globalization and Development

    Unit 3: International Trade

    Analyzing the impacts of trade liberalization necessitates understanding various economic models and their assumptions.

A suggested way through it

Suggested

13 weeks, about 26 hours in total. Yours will differ.

  1. Week 1Module 1: Governance and Corruption
    • Unit 1: Good Governance and Good Policy · 2 hours

      Define good governance and good policy.. Discuss the importance of civil societies.. Describe the criteria for testing good governance..

  2. Week 2Module 1: Governance and Corruption
    • Unit 2: Corruption as a Developmental Issue · 2 hours

      Define corruption and its various forms.. Describe the nature of corruption and its measurement.. Differentiate between micro and macro corruption..

  3. Week 3Module 1: Governance and Corruption
    • Unit 3: Rating Corruption across the World · 2 hours

      Analyze the Global Corruption Barometer (GCB) and Corruption Perception Index (CPI).. Discuss the reasons for corrupt practices in developing countries.. Explain the effects of corruption on an economy..

  4. Week 4Module 1: Governance and Corruption
    • Unit 4: Corruption Justification · 2 hours

      Discuss the arguments used to justify corruption.. Highlight the causes of corruption and its effects.. Identify professions to guard against corruption..

  5. Week 5Module 1: Governance and Corruption
    • Unit 5: Public Sector Scope and Enhancing Public Sector Performance · 2 hours

      Enumerate the rationales of public sector activities.. Differentiate public goods from merit goods.. Describe how to enhance public sector performance..

  6. Week 6Module 2: Civil Societies and Development
    • Unit 1: The Roles and Potentials of Civil Societies · 2 hours

      Explain the meaning of civil society.. Enumerate the importance of civil societies in a country..

  7. Week 7Module 2: Civil Societies and Development
    • Unit 2: Positive Feedback Mechanisms of Civil Societies · 2 hours

      Illustrate the role of civil society in upholding the rule of law.. Describe the scope of active humanity in social and commercial ventures..

  8. Week 8Module 2: Civil Societies and Development
    • Unit 3: Change in Behaviour: Generalizations from the Four Cases · 2 hours

      Explain the impetus among the workforce, farmers and the community.. Describe the basic key to be turned in each case of change behaviour..

  9. Week 9Module 3: Globalization and Development
    • Unit 1: Concept of Globalization · 2 hours

      Define globalization and trace its history.. Describe the fundamentals of globalization..

  10. Week 10Module 3: Globalization and Development
    • Unit 2: The New Globalization · 2 hours

      Describe globalization policy and how technology influences globalization.. Differentiate the roles of international organizations in the globalization process..

  11. Week 11Module 3: Globalization and Development
    • Unit 3: International Trade · 2 hours

      Define international trade and describe the dynamic gains from trade.. Highlight the impact of trade liberalization on growth and poverty..

  12. Week 12Module 3: Globalization and Development
    • Unit 4: International Financial Flows · 2 hours

      Explain international financial flows and identify different types.. Describe the potential benefits and costs of financial globalization..

  13. Week 13Module 4: Poverty, Equity and Well-Being
    • Unit 1: Definition and Conceptualization of Poverty · 2 hours

      Define poverty and describe absolute and relative poverty.. Explain the Human Development Index (HDI) and the Global Multidimensional Poverty Index (MPI)..

Preparing for the exam

What to do
  • Create detailed summaries of each unit, focusing on key definitions and concepts.
  • Practice applying theoretical models from Units 3-5 to real-world case studies.
  • Review all self-assessment exercises and tutor-marked assignments to identify areas of weakness.
  • Develop a study schedule that allocates sufficient time for each module, prioritizing challenging units.
  • Form study groups to discuss complex topics and exchange notes.
  • Focus on understanding the relationships between governance, corruption, globalization, and poverty.
  • Practice answering past exam questions to improve time management and exam technique.

Questions students ask about this course

What is ECO348 about?

This course, Development Economics II, is a two-credit undergraduate course designed for Economics students. It builds upon Development Economics I, covering topics such as governance, corruption, civil society, globalization, poverty, equity, and well-being. The course explores the interconnected elements that determine the quality of government and the importance of civil societies. Students will learn to evaluate good governance, understand macroeconomic concepts, and analyze the impact of trade liberalization on growth and poverty.

How many units does ECO348 have?

ECO348, Development Economics II, has 16 units across 4 modules, over 212 pages of course material. You can read it one unit at a time.

How many credit units is ECO348?

ECO348 carries 3 credit units, at 300 level in Social Sciences.

Is ECO348 hard?

ECO348 is rated intermediate level, with basic mathematical content. It is mostly theoretical, case study and problem solving work.

How long does ECO348 take to study?

About 221 hours of study, spread across its 16 units.

How is ECO348 assessed?

ECO348 is assessed by assignments, tutor marked assessments and final examination.

What can I do with ECO348?

Policy Analyst, Development Economist, International Development Consultant, Government Advisor and NGO Program Manager.

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