ECM3670 Transforming economies: Labour markets, institutions and development
Faculty of Business and Economics
ECM3670 Transforming economies: Labour markets, institutions and development is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 2 at Malaysia. It needs (ECW1101, ECF1100, ECB1101 or ECC1000) and (ECW2731, ECB2731, ECF2331 or ECC2010).
- Credit points
- 6
- Offered in 2026
- Semester 2
- Malaysia
- Assessment
- Exam 30%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Requisites
Before ECM3670
Prerequisites
Pass these before you enrol.
After ECM3670
No unit lists ECM3670 as a prerequisite in the 2026 handbook.
Overview
This unit focuses on broad topics, including industrialisation, sectoral shifts in employment, urbanisation, education and health in developing and middle income countries. You will acquire a deeper and more structured understanding of trends in the region and also be able to better evaluate remaining differences in development between developing and middle-income nations in Asia and the rich countries that are the main focus of your economics textbooks. The unit will assist you with your preparation for employment by companies that operate in developing and middle-income nations.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Malaysia | On campus |
Assessment
- Project40%
- Artefact30%
- Examination30%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
describe the causal revolution in methodologies and economic theories of transformation
- 2
appraise how we measure and conceptualise the concept of development and well-being
- 3
examine and suggest policy interventions to augment the state of human development in low income countries
- 4
organise and assess the role of the economic theories comprising long run factors, and the role of market and government failures, in affecting comparative patterns of development.
Workload and teaching
- Tutorials24 hours
- Teaching approachProblem-based learning
- Teaching approachResearch activities
- Teaching approachCase-based teaching
- Teaching approachActive learning
- Teaching approachEnquiry-based 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
Where it fits
ECM3670 is part of 2 areas of study in the 2026 handbook.
Contacts
- Chief Examiners
- Dr Rajesh Ramachandran
Common questions
What are the prerequisites for ECM3670?
You need (ECW1101, ECF1100, ECB1101 or ECC1000) and (ECW2731, ECB2731, ECF2331 or ECC2010) before you enrol.
When is ECM3670 offered?
In 2026, ECM3670 runs in Semester 2 at Malaysia.
How much work is ECM3670?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECM3670 have an exam?
Yes. The exam is worth 30% of the final mark, alongside 2 other tasks.
Which majors and minors include ECM3670?
ECM3670 is part of Economics and strategy for business; and Economics and strategy for business .