ECF3800 The wealth and poverty of nations
Faculty of Business and Economics
ECF3800 The wealth and poverty of nations is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Caulfield. It needs (ETB1100, ETX1100, ETC1000, FIT1006, ETF1100, SCI1020, ETW1100 or STA1010) and (ECB1101, ECC1000, ECF1100 or ECW1101).
- Credit points
- 6
- Offered in 2023
- Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECF3800
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ETB1100Business statisticsNo reviews yet
- ETX1100Business statisticsNo reviews yet
- ETC1000Business and economic statisticsNo reviews yet
- FIT1006Business information analysisNo reviews yet
- ETF1100Business statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningRated 5.0 out of 5 from 1 review
- ETW1100Introduction to business analyticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
After ECF3800
No unit lists ECF3800 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
Why are some countries so much richer, and why have some countries developed so much faster than others? This course investigates those questions, with a focus on emerging economies, both recent and in the past. We will seek to understand (i) proximate causes of development related to the organization of production in industries, firms, and financial markets, and then (ii) more profound causes associated with a country’s geography, history, culture, religion, and political, legal, and administrative institutions, while using (iii) macroeconomic and empirical tools applied to a variety of datasets, from corporate Big Data to archaeological and historical sources. You will learn to critically assess theories and hypotheses of economic development, and analyse their corresponding economic policies and business strategies.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the proximate causes of development, such as labor, technology, and finance, including their theoretical and empirical role in shaping economic development
- 2
understand the profound causes of development, especially regarding geography, culture, and institutions
- 3
develop the capacity to critically assess statements on long-run economic growth, on both theoretical and empirical grounds
- 4
develop familiarity with economic policies that can potentially help or hurt long-term development.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
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.
Where it fits
ECF3800 is part of 1 area of study in the 2023 handbook.
Contacts
- Chief Examiners
- Associate Professor Quoc-Anh Do
Common questions
What are the prerequisites for ECF3800?
You need (ETB1100, ETX1100, ETC1000, FIT1006, ETF1100, SCI1020, ETW1100 or STA1010) and (ECB1101, ECC1000, ECF1100 or ECW1101) before you enrol. Enrolment rules also apply.
When is ECF3800 offered?
In 2023, ECF3800 runs in Semester 2 at Caulfield.
How much work is ECF3800?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF3800 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECF3800?
ECF3800 is part of Economics and business strategy.