BAEcon Economics and Data Analytics

Year of entry: 2024

Course unit details:
Macroeconomics of Development

Course unit fact file
Unit code ECON33001
Credit rating 20
Unit level Level 3
Teaching period(s) Semester 1
Available as a free choice unit? No

Pre/co-requisites

Unit title Unit code Requirement type Description
Introductory Mathematics ECON10061 Pre-Requisite Compulsory
Advanced Mathematics ECON10071A Pre-Requisite Compulsory
Advanced Mathematics ECON10071B Pre-Requisite Compulsory
Advanced Mathematics ECON20071 Pre-Requisite Compulsory
Introductory Statistics for Economists SOST10062 Pre-Requisite Compulsory
Advanced Statistics ECON10072A Pre-Requisite Compulsory
Advanced Statistics ECON10072B Pre-Requisite Compulsory
Advanced Statistics ECON20072 Pre-Requisite Compulsory
Macroeconomics 2 ECON10262 Pre-Requisite Compulsory
Macroeconomics 2 ECON20262 Pre-Requisite Compulsory
Macroeconomic Analysis 2 ECON10182 Pre-Requisite Compulsory
(ECON10061 OR ECON10071 OR ECON20071) and (SOST10062 or ECON10072 or ECON20072) and (ECON10262 or ECON20262 or ECON10182)

(ECON10061 OR ECON10071 OR ECON20071) and (SOST10062 or ECON10072 or ECON20072) and (ECON10262 or ECON20262 or ECON10182)

Aims

The course unit aims to:

To provide an introduction to key topics of economic development and growth from a macroeconomic perspective.

Learning outcomes

By the end of the course students are expected to:

  1. Demonstrate knowledge of measuring the level of economic development and accounting for its key determinants
  2. Understand the concept of modelling macroeconomic development.
  3. Understand why structural transformation is one of key features of the development process.
  4. Understand the role of agriculture in economic development.
  5. Demonstrate knowledge of the major issues in economic development

In terms of employability skills, students will learn:

  • to provide a detailed and qualified economic perspective on economic development.
  • the ability to provide critical analysis of policies that affect economic development and cross-country income differences.
  • to use models to interpret economic data.

Syllabus

This module consider issues of fundamental topics in macroeconomics of development including:

  • Overview of the cross-country facts of economic development: key data, and statistics.
  • Factors determining the level of development: methods and findings of development accounting.
  • Facts of development and structural transformation. A multi-sector model: the workhorse model of structural transformation.
  • Why poor countries have unproductive agriculture? Its implications for development
  • Topics in macro development: human capital, internal migration, gender and development.

Teaching and learning methods

Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study. Tutorials will be used to review key points in the lectures, develop technical skills needed to understand the key models and empirical evidence covered in the course, and develop communication skills (oral and written).

Assessment methods

Mid-term exam (25%)

Exam (end of term, online, 75%)

Feedback methods

Formative feedback opportunities:

  • Class feedback
  • Office hours
  • Tutorials
  • Discussion boards
  • Feedback on mid-term exam

Recommended reading

No single textbook provides the necessary material for this course. The course itself will be taught using a set of elementary journal articles. A full reading list with the readings for each topic will be made available at the beginning of the course and through a Library Reading List .

Study hours

Scheduled activity hours
Lectures 22
Tutorials 6
Independent study hours
Independent study 170

Teaching staff

Staff member Role
Akos Valentinyi Unit coordinator

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