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 THEORY OF ECONOMIC DEVELOPMENT AND INTERNATIONAL ECONOMIC RELATIONS

EXPECTED LEARNING OUTCOMES

 

​Knowledge and understanding

The module aims to introduce students to international economic development. It focuses on the problems and features of development with attention to recent advances in the field and to approaches adopted by the main international development institutions. The module covers both microeconomic and macroeconomic issues in development.

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Applying knowledge and understanding

By the end of the module, students will be able to demonstrate their understanding of some aspects of development economics such as growth, inequalities, poverty, and international trade both in developing and developed countries.

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Further expected learning outcomes:

Students will be able to:

  • to prove they have extended their core skills;

  • to apply their skills in the analysis of problems characteristic of developing and developed economies;

  • communicate their knowledge and understanding to others by presentations and essays;

  • to discuss policy issues related to the material they have studied;

  • to demonstrate they have learned to search for relevant literature to approach the development economics critically and to address key questions on development.

CONTENTS

Millennium development goals

Income based measures of growth

Sen’s Theory of Human Development

Human Development Index

Inequality

Growth Theory: Solow Model; convergence; endogenous growth

Globalization and Development

Specific topics for in class presentations/essays.

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TEXTBOOKS

Recommended textbooks:

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  • Todaro, Michael P. and Stephen Smith, Economic Development, 12th Edition, (2015) Pearson. Selected chapters.

  • Krugman, P. R., Obstfeld M., Melitz M. J. International Economics: theory and policy, (2015) Pearson. Selected chapters.

  • A list of readings will be made available at the beginning of the course.

ASSESSMENT CRITERIA

Learning results to be verified

All the students will make a presentation and will write an essay on the results of their individual research (45% of the final mark) and will perform a written exam (45% of the final mark). Class Participation (10% of the final mark): this grade will be calculated to reflect students’ participation in class discussions and their capacity to introduce ideas.

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Assessment method

Written and oral examination

Open questions

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