EC3371
DEVELOPMENT ECONOMICS I (2011/2012, Semester 1) 

 MODULE OUTLINE Created: 08-Aug-2011, Updated: 11-Aug-2011
 
Module Code EC3371
Module Title DEVELOPMENT ECONOMICS I
Semester Semester 1, 2011/2012
Modular Credits 4
Faculty Arts & Social Sciences
Department Economics
Timetable Timetable/Teaching Staff
Module Facilitators
DR Tiago Alexandre Miguel De Abreu Freire Lecturer
ZHONG YANAN Teaching Assistant
Weblinks
Tags Development


Learning Outcomes | Teaching Modes | Schedule | Syllabus | Practical Work | Assessment | Preclusions | Workload


 LEARNING OUTCOMES Top

What is development? What is involved in the development process of a country? What is the role of the government? What is the role of the private sector?  This module introduces students to economic development, by giving an overview of domestic and international topics relevant to developing nations. We will not focus on theory, but rather apply what we you have learned from microeconomics and macroeconomics to analyze the experience of developing nations. At the end of this module you should be able to understand what is involved in answering the questions such as:
(1) What is important for economies to grow? Can we make Zimbabwe grow as fast as China?
(2) What are economic institutions and are they important for economic growth? Could China grow faster if had more economic freedom, like the US?
(3) What can we do to reduce poverty in the world? How can we reduce poverty in India by as much as China did in the 1980's?
(4) Can countries with large population growth (i.e. India) continue showing a high income growth?
(5) Do government or NGO health and/or educational programs help improve income levels in developing countries? Should countries like Brazil invest in top research Universities or improve literacy rates?
(6) Can countries with large agricultural sectors (i.e. Brazil) become developed countries? 

(7) Do you need to destroy the environment (i.e. Amazon Forest in Brazil) to develop?
(8) What is the importance of financial markets for development? Why is it bad for countries like Argentina to default on their debt? 
(9) Is globalization bad for development? Why is income per capita so different between North Korea and South Korea?
(10) Can aid agencies (i.e. World Bank, IMF and NGOs) do anything to spead up countries development in places like Africa? 



 TEACHING MODES Top
There will no lecture notes. However I will follow “Economics of Development” (10th  Ed) by Todaro and Smith closely for the concepts and theory. These are also well covered in the other two books "Economic Development in Asia" and "The Development Economics Reader". I will add details with articles which I will provide as needed. Lectures will be webcasted, though I hope you will not use this to skip coming to lectures, as your participation in lectures is essential for the smooth working of the lecture. I will post the slides online after the lecture, though you can have an idea what will be covered in the schedule.
In tutorials we will discuss articles which I will post the week before. Each tutorial will be divided into  groups. Each group will present and discuss in a blog a question (group of articles) ONCE in the whole semester. The schedule for presentations will be posted when students are assigned to tutotial groups.


 SCHEDULE Top
Tentative - subject to change without warning.

    Topics Description
Week 1 11/08/11 Introduction and causality Overview of the module. Topics covered, organization of tutorials and assessment.
Week 2 18/08/11 Economic growth, economic development and human development Defining Economic Development Economics. New Directions in Development Economics. The case of India and China. Poor and Rich. Classical Growth and Keynesian Policy. Dependency Theory
Week 3 25/08/11 Geography, institutions and governance The role of institutions in economic development. Historical mechanism of institutional stagnation. The role of geography and resource endowments in development. Democracy and Growth. The role of capital.
Week 4 01/09/11 No Classes (Away for Conference)  
Week 5 08/09/11 Beyond growth: Inequality and poverty The economic lives of the poor. Inequality matters. The role of gender, resources and political participation in poverty.
    People in development: Population Growth, Health, Education and Child Labor Population growth. Health in the developing world. Pharmaceuticals in the developing world. Education in the developing world. International labour standards and child labour.
Week 6 15/09/11 People in development: Population Growth, Health, Education and Child Labor Population growth. Health in the developing world. Pharmaceuticals in the developing world. Education in the developing world. International labour standards and child labour.
Recess Week 22/09/11 No classes  
Week 7 29/09/11 Midterm (Economic Growth and Development, Institutions, Inequality and Poverty and Population Growth)  
Week 8 06/10/11 Agriculture, the environment, and sustainable development Microeconomics of Agriculture. Agricultural transformation in Asia. Productivity growth in world agriculture. The next Green Revolution. The economics of the environment. Affressing market failures in Environmental goods. Sustainable agriculture.
Week 9 13/10/11 Financial markets and microcredit Modernizing Financial markets: the case of India. Micro-Lending as a way to reduce world poverty.
Week 10 20/10/11 Globalization and financial crises Theories of International trade. Is trade liberalization good for the poor? World trends in globalization. The role of international organizations.
Week 11 27/10/11 Foreign Aid and debt Relief Aid and growth. Making aid work. Debt relief.
Week 12 03/11/11 Review  
Week 13 10/11/11 Review  

Students must also present in tutorial sessions. The schedule for these presentations are:

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  w1 w2 w3 w4 w5
Week 3 Lecturer/TA
Week 4
Week 5
Week 6
Week 7 Midterm week – No tutorial.
Week 8 Present: W11 Discuss: W12 Present: W21 Discuss: W22 Present: W31 Discuss: W32 Present: W41 Discuss: W42 Present: W51 Discuss: W52
Week 9 Present: W13 Discuss: W14 Present: W23 Discuss: W24 Present: W33 Discuss: W34 Present: W43 Discuss: W44 Present: W53 Discuss: W54
Week 10 Present: W15 Discuss: W11 Present: W25 Discuss: W21 Present: W35 Discuss: W31 Present: W45 Discuss: W41 Present: W55 Discuss: W51
Week 11 Present: W12 Discuss W13 Present: W22 Discuss W23 Present: W32 Discuss W33 Present: W42 Discuss W43 Present: W52
Discuss W53
Week 12 Present: W14 Discuss: W15 Present: W24 Discuss: W25 Present: W34 Discuss: W35 Present: W44 Discuss: W45 Present: W54 Discuss: W55
Week 13 No Tutorials or Lectures


 SYLLABUS Top
Tentative - subject to change without warning.

Topics Description Todaro & Smith Secondi Dowling & Valenzuela
Introduction and causality Overview of the module. Topics covered, organization of tutorials and assessment. Ch 1    
Economic growth, economic development and human development Defining Economic Development Economics. New Directions in Development Economics. The case of India and China. Poor and Rich. Classical Growth and Keynesian Policy. Dependency Theory Ch 2, 3 & 4 Part I Ch 1,2,3
Geography, institutions and governance The role of institutions in economic development. Historical mechanism of institutional stagnation. The role of geography and resource endowments in development. Democracy and Growth. The role of capital. Ch 2, 3 & 4 Part II  
Beyond growth: Inequality and poverty The economic lives of the poor. Inequality matters. The role of gender, resources and political participation in poverty. Ch 5 Part II Ch 9
People in development: Population Growth, Health, Education and Child Labor Population growth. Health in the developing world. Pharmaceuticals in the developing world. Education in the developing world. International labour standards and child labour. Ch 6 & 8 Part IV Ch 8, 10
Agriculture, the environment, and sustainable development Microeconomics of Agriculture. Agricultural transformation in Asia. Productivity growth in world agriculture. The next Green Revolution. The economics of the environment. Affressing market failures in Environmental goods. Sustainable agriculture. Ch 9 & 10 Part V Ch 4, 12
Financial markets and microcredit Modernizing Financial markets: the case of India. Micro-Lending as a way to reduce world poverty. Ch 13 Part VI Ch 7
Globalization and financial crises Theories of International trade. Is trade liberalization good for the poor? World trends in globalization. The role of international organizations. Ch 12 Part VII Ch 6
Foreign Aid and debt Relief Aid and growth. Making aid work. Debt relief. Ch 14 Part VIII  


 PRACTICAL WORK Top
The objective of this project is to have students think on how to apply the knowledge they have acquired in this module outside the classroom and to practice writing in economics. To achieve this I ask you to prepare a proposal to apply to the Young Social Entrepreneurs Program with the Singapore International Foundation (http://www.sif.org.sg/programmes/8/young-social-entrepreneurs.html) (NOTE: It usually opens in May)

I. GROUPS - Due 2nd of September
This is a group project. Please enroll on IVLE, under project to a group opening. ALL groups must be between 2 and 4 people (ONLY - NO EXCEPTIONS!). If you cannot find a partner, let me know (tiago_freire@nus.edu.sg)
You can team up with someone from a different tutorial group.

II. PART 1 OF PROJECT - Due 16th of September
In part 1 I will ask you to think of a problem a developing country faces and how you can solve it.
(1) Write or Add 250-500 word to a Wikipedia entry about a particular problem a developing country faces. (
(2) Write or Add 250-500 word to a Wikipedia entry about a NGO/Social Enterprise

GRADES: you must submit through IVLE (under PROJECT submissions) the preview of the changes you have made on Wikipedia (as a pdf file) to be given credit for this part. The grading will follow Wikipedia criteria (it must be factual and have citations). Points will be awarded if you provide data illustrating your case.


III. PART 2 OF PROJECT - Due 21st of October
Submit a 1000-1500 word paper on what a NGO or a Social Enterprise can do solve the problem you described in PART 1 (It is not compulsary that you cover what you discussed in PART 1 but it will help you save time). This is the analytical part. It involves understanding what are the sources of the problem, understanding incentives people have and understanding what you can do to change those incentives.

GRADES: It will be grade it based on the same standards as those of the Singapore International Forum.


 ASSESSMENT Top
20% Lecture Participation (20%) Tutorial Participation(80%)

20% Project
PART 1: 500-1000 words Wikipedia entry, describing problem in a developing country AND a second entry describing the activities of a NGO in a developing country; (due 16th of September)
PART 2: 1000-1500 words write-up of an idea for a social enterprise. (due: 21th of October)

20% Midterm - 29th of September (covering: Growth/Development Theory - including Institutions and Geography; Poverty and Inequality)
Location: MPSH1 section A

40% Final Exam - 25 November 2011 (Fri), 9AM


 PRECLUSIONS Top
EC2203, SE3232, EC3223


 WORKLOAD Top
2-1-0-2-5