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ES30047: Development finance

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment: CW 50%, EX 50%
Further information on supplementary assessment Supplementary Assessment: Reassessment not allowed
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
To introduce the various channels and associated problems in making finance available to the poor.
To illustrate the functioning of some of these channels by exploring the institutional and incentive structure.
To develop a conceptual framework which can be applied to the understanding of development finance.

Learning Outcomes:
On completion of the unit, students should be able to demonstrate:
* The ability to apply tools of economic analysis to key issues in development finance;
* An understanding of the operational aspects of various instruments and their efficiency implications.

Ability to apply analytical tools and theoretical ideas to real issues.
Ability to critically read specialist articles in this area.
Ability to conduct preliminary research on selected topics and present the results in a coherent manner.

The two key areas of microfinance and foreign aid will constitute the bulk of the unit. The key texts are:
* The Economics of Microfinance by Armendariz de Aghion and Morduch (MIT Press 2005)
* The Institutional Economics of Foreign Aid by Martens et.al. (CUP, 2002).
Further information on programme availabilityProgramme availability:

ES30047 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 3
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 4

ES30047 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 3
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 3
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 4

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.