An advanced course in development economics should provide a thorough exposition of concepts, policy issues and controversies on the causes and characteristics of the wealth and poverty of nations. These series of lectures, without being exhaustive, will draw on classic themes in the subject and will cover recent developments in the literature. It will emphasise the importance of political economy factors, missing and incomplete markets in developing countries and the systemic effects this has on the process of economic development.
After an introductory part on concept and theories of underdevelopment, the course will focus on distribution and poverty, on human resources (health, education and population) and on the characteristics of agricultural markets (Labour, land and credit). It will finish by tackling macroeconomic issues in development finance: savings, FDI and aid, as well the problem of external debt.
This is a very theoretical module that is internationally relevant, because it deals with development economics mainly in developing countries using examples from various counties.
Students have the opportunity to develop their writing and logical thinking skills.
All of the resource materials are available through the ELE (Exeter Learning Environment).
Full module specification
|Module title:||Development Economics|
BEE2022 and BEE2023 or BEE2024
|Duration of module:||
Duration (weeks) - term 1: |
This module seeks to provide an introduction to the theories, policy issues, controversies and progress in raising standards of living in the developing world. The analysis draws on recent economic theory, without neglecting history, and emphasises the importance of political economy factors, missing and incomplete markets in developing countries and the systemic effects this has on the process of economic development. Emphasis is also placed on the importance of carefully using empirical evidence to inform policy discussions.
ILO: Module-specific skills
- 1. apply economic theory to policy issues concerning economic development in low-income countries
- 2. have a professional economist's understanding of key controversies
ILO: Discipline-specific skills
- 3. demonstrate a knowledge of a wide variety of statistical sources and policy issues concerning developing countries
- 4. present and defend an advanced economic argument in a clear and succinct manner
ILO: Personal and key skills
- 5. achieve or maintain very high standards of grammar and logical thinking
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|4 sets of questions. Feedback during tutorials/revision sessions||Discussion. 60 minutes||1-21||Oral/online|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Individual Essay||20||2000-2500 words||1-5||Written|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Individual Essay||Individual Essay (20%) 2000-2500 words||1-5||September|
|Examination||Examination (80%) 2 hours||1-5||September|
• Development: introduction, concepts, and comparisons
• Poverty Traps
• Financial Markets in Developing Countries Education and health
• Micro finance
• Property rights
• Gender and Development
• Conflict and development traps
• Social Networks and Informal Institutions
• Public Goods Provision
Indicative learning resources - Basic reading
Ray D., (1998), Development Economics, Princeton University Press.
Banerjee, A.V. and E. Duflo, (2011) Poor Economics. Penguin
Module has an active ELE page?
Last revision date