ECC4670 Economic development
Faculty of Business and Economics
ECC4670 Economic development is a level 4, 6-credit-point, undergraduate and postgraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Clayton. It has no prerequisites.
- Credit points
- 6
- Offered in 2022
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2025 entry.
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Requisites
Before ECC4670
Prohibitions
You can't enrol if you have passed any of these.
After ECC4670
No unit lists ECC4670 as a prerequisite in the 2022 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit examines the notion and implications of market failure in developing countries and discusses possible solutions to addressing such market failure. Specifically, it explores, how in developing countries, innovative and informal institutions fill the void caused by the absence of markets, widespread externalities and the inability of the legal system to enforce contracts. Using a mix of empirical and theoretical approaches this unit examines some of the critical problems faced by developing countries and possible ways of addressing these problems.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understanding the economic, social and behavioural implications of poverty and underdevelopment
- 2
understand the notion and implications of market failure in developing countries and examine possible solutions to addressing such market failure
- 3
understand the implications of gender discrimination and the policy responses to address such biases in developing countries
- 4
understand the political economy of developing countries, including efficient ways of targeting disadvantaged groups in the society.
Workload and teaching
- Workshops36 hours
- Teaching approachActive learning
- Teaching approachResearch activities
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Contacts
- Chief Examiners
- Professor Pushkar Maitra
Common questions
What are the prerequisites for ECC4670?
ECC4670 has no prerequisites.
When is ECC4670 offered?
In 2022, ECC4670 runs in Semester 2 at Clayton.
How much work is ECC4670?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC4670 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.