Department of Economics & International Development, Unit Catalogue 2007/08 |
EC50125 Development & transition (macroeconomic issues) |
| Credits: 6 |
| Level: Masters |
| Semester: 2 |
| Assessment: EX 100% |
| Requisites: |
|
Aims: To create an awareness of required macroeconomic changes to transform an administrative to market economy, by a study of the key required macroeconomic changes.
Learning Outcomes: * be able to critically appraise the theoretical models and empirical methods applied in (macro)Transition Economics; * have sufficient skills to critically appraise policy instruments and recommendations; * be able to understand and identify key problems and constraints faced by developing economies in general. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed) Ability to select, summarise and synthesis written information from multiple sources (T/F/A) Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A) Comprehensive and scholarly written communication (T/F/A) Concise and effective written communication (e.g. briefings / written exams) (T/F/A) Effective oral communication (e.g. lecture question and answer) (F) Ability to apply theory to policy areas (T/F/A). Content: Sequencing transition policies; transformational recession and recovery; measurement of transition; exchange rate and inflation policies; trade and growth. The development role of public sectors in transitional economies. Underdevelopment traps and growth strategies. Governance and institutions in the process of economic development. |