Undergraduate Course: The Chinese Economy: Past and Present (ECNM10079)
|School||School of Economics
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 10 (Year 3 Undergraduate)
||Availability||Available to all students
|Summary||This course aims to provide a selective but in-depth review of the academic literature on China's economic development, in both historical and contemporary context. It is targeted at students with some knowledge of economic theory and econometrics at the undergraduate level. Some key topics will include the Great Divergence of Europe and China during the nineteenth century, the institutional underpinnings of China's recent growth miracle, as well as the implications of this growth for today's global economy.
The first part of the course will be an economic history of China pre-1949. Here we will take a comparative approach to classic questions such as why China did not become the world's first industrialised economy (the so-called Needham Puzzle). This will be followed by a brief examination of China's planned economy during 1949-1978, including the Great Famine and the Cultural Revolution. The second part of the course will try to explain China's recent growth miracle, focusing on key institutions such as dual-track liberalisation, fiscal decentralisation and bureaucratic incentives. Finally, we conclude by studying the implications of this growth for the global economy, primarily through the channel of greater trade integration.
Entry Requirements (not applicable to Visiting Students)
|| Students MUST have passed:
Economics 2 (ECNM08006)
||Other requirements|| None
Information for Visiting Students
|Pre-requisites||Visiting students should usually have an equivalent of at least 4 semester-long Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); and Probability and Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required.
|High Demand Course?
Course Delivery Information
|Academic year 2018/19, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Seminar/Tutorial Hours 5,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||20% marked problem set
20% in-class presentation
60% final exam (April/May diet)
||One marked problem set.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
On completion of this course, the student will be able to:
- A knowledge and understanding of key concepts, debates and models relating to China's transition from a planned to a market economy, along with relevant empirical evidence on and policy implications of those models and a deeper understanding of recent research activity in some more specialised areas.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
|Graduate Attributes and Skills
||Research and Inquiry
B1. The ability to identify, define and analyse theoretical and applied economic problems and identify or devise approaches to investigate and solve these problems.
B3. The ability to critically assess existing understanding of economic and social issues, the limitations of that understanding and the limitations of their own knowledge and understanding of those issues.
B4. The ability to question the principles, methods, standards and boundaries of economic knowledge
Personal and Intellectual Autonomy
C1. The ability to be independent learners who take responsibility for their own learning, and are committed to continuous reflection, self-evaluation and self-improvement.
C4. The ability to collaborate and debate effectively to test, modify and strengthen their own views.
D1. The ability to make effective use of oral, written and visual means to critique, create and communicate understanding.
D2. The ability to further their own learning through effective use of feedback.
D3. The ability to use communication as a tool for collaborating and relating to others.
E1. The ability to manage tasks and also skills in time-management.
E4. The ability to work effectively with others, capitalising on their different thinking.
|Additional Class Delivery Information
||1 x 2:00 hour lecture per week for 10 weeks, plus 5 hours of tutorials to be arranged in addition.
|Course organiser||Dr Liang Bai
Tel: (0131 6)51 5946
|Course secretary||Mrs Anna Domagala
Tel: (0131 6)51 5305