FACULTY OF BUSINESS

Department of Economics

ECON 426 | Course Introduction and Application Information

Course Name
Development Economics
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 426
Fall/Spring
3
0
3
5

Prerequisites
  ECON 101 To succeed (To get a grade of at least DD)
and ECON 102 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator -
Course Lecturer(s)
Assistant(s)
Course Objectives This course discusses the main topics of the development economics. The aim is make sure that student familiarize themselves with various empirical and theoretical tools to delve into development issues and policy questions.
Learning Outcomes The students who succeeded in this course;
  • Will be able to analyze the main pillars of development economics in both analytical and policy terrains.
  • Will be able to explain the functioning of markets in less developed countries.
  • Will be able to identify institutions in less developed countries.
  • Will be able to familiarize with the ways how less developed countries cope with market imperfections.
  • Will be able to follow the recent development economics literature.
  • Will be able to theoritically and analytically interpret the subjects of the course.
Course Description The course offers a theoretical and comparative view on the economic development process. In doing this students delve into issues regarding to major areas such as role of savings and investment, poverty and inequality, migration, informal economy, environment, and externalities of human capital an health.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction: Economic Development Taylor&Lybbert, Chap 1, 2
2 Economic Inequality Taylor&Lybbert, Chap 5
3 Inequality and Development Banerjee, Benabou &Mookherjee
4 Poverty and Undernutrition Taylor&Lybbert, Chap 4
5 Land Markets Taylor&Lybbert, Chap 9
6 Labor Taylor&Lybbert, Chap 6
7 Credit Markets and Microfinance Taylor&Lybbert, Chap 12
8 Ethnicity and Development Alesina, La Ferrara (2005); Habyarimana et al. (2007)
9 Conflict and Development Guidolin, La Ferrara (2007)
10 Economics of the Family Ashraf (2009); Duflo (2003)
11 Education and Health Policies I Duflo (2001); Schultz (2004)
12 Education and Health Policies II Miguel and Kramer (2004)
13 Students’ Presentations
14 Students’ Presentations
15 Students’ Presentations
16 Review of the Semester  

 

Course Notes/Textbooks

Taylor, J. Edward, and Lybbert, Travis J. (2015).  Essentials of Development Economics. University of California Press: Oakland, California

Suggested Readings/Materials Banerjee, A.V., Benabou, R. And D. Mookherjee (2006), Understanding Poverty, Oxford University Press and recent papers on development economics

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
1
10
Portfolio
Homework / Assignments
Presentation / Jury
1
15
Project
1
25
Seminar / Workshop
Oral Exams
Midterm
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
19
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
3
42
Field Work
0
Quizzes / Studio Critiques
1
5
5
Portfolio
0
Homework / Assignments
0
Presentation / Jury
1
10
10
Project
1
15
15
Seminar / Workshop
0
Oral Exam
0
Midterms
0
Final Exam
1
25
25
    Total
145

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

X
3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

X
7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

X
8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

X
9

To be able to take the responsibility as an individual and as a team member.

10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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