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SP10203: Development economics: microeconomic perspective

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Social & Policy Sciences
Further information on credits Credits: 6
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 100% (CW 100%)
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:

* To become familiar with core concepts and models explaining production and distribution under conditions of extreme scarcity, including the determinants of poverty and well-being over time;
* To review microeconomic theories relevant to understanding economic change at local, national and global levels, with particular reference to low and middle income countries;
* To assess the strengths and weaknesses of the way microeconomics explains international development and related public policy issues.
* To strengthen the ability of students to apply microeconomic concepts to development issues of their choosing.

Learning Outcomes:

* Familiarity with the language and methodology employed by economists.
* Understanding of the strengths and weaknesses of economic explanations of production, distribution, welfare and development, with reference to specific markets, sectors and economies.
* Understanding of how economic analysis can contribute to policy analysis, particularly formulating strategies for promoting sustainable development.
* A strong foundation for further study of development economics and for understanding how economics relates to other social science disciplines.
* Useful revision (for those who have studied economics before) and insights into directions for more in-depth study.

Ability to relate (economic) theory and concepts to contemporary debates and policy issues. Ability to obtain empirical information in order to produce an original market study locating it within a wider international development context.

The content is looking at demand for a single good or service (1) then turn to the supply side and to production economics (2), supply and demand together under different assumptions about the nature of competition (3). From this foundation we then explore allocation of labour (4) and capital (5) through market and non-market institutions, moving onto closed system models of resource allocation (6). We also graduate from seeking to understand how economic institutions work to evaluating how well they work through cost-benefit analysis (7). The next step is to understand how economies operate as closed (8) and open-ended systems (9). This takes us finally to a comprehensive framework for understanding the microeconomic determinants of economic growth, structural change, inequality, poverty and exclusion at national and global levels (10). Each lecture will be illustrated with reference to examples from low and middle income countries, and reflect on how the context of poverty, inequality, weak infrastructure and governance affects the operation of market and non-market institutions of resource allocation.
Further information on programme availabilityProgramme availability:

SP10203 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 1)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 1)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 1)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 1)
Department of Politics, Languages and International Studies
  • UHPL-AFB10 : BSc(Hons) Politics with Economics (Year 1)
  • UHPL-AAB10 : BSc(Hons) Politics with Economics with Study year abroad (Year 1)
  • UHPL-AKB10 : BSc(Hons) Politics with Economics with Year long work placement (Year 1)

* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* 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.