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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Development, Inequality and Trade (ECNM08024)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course intends to illustrate the usefulness of economic analysis in a global context. The course is divided into 2 main themes: development economics, inequality and trade. The first part of the course focuses on developing countries and relevant principles of economic development. The second explores inequality and trade.
Course description This course is designed to provide an understanding of the key determinants of economic development and trade. The course is divided into two halves.
In the first half, we begin by defining economic development and measuring the gap between poor and rich countries. We will define and make use of concepts like poverty, inequality and economic growth. We then review the classic theories of economic growth, which attempt to explain why some countries are rich and others are poor and contrast those with the contemporary models of development. We will also consider the role of political institutions and human capital in generating economic development.
In the second half, we study how the economic development of different regions is interconnected through trade. We begin by examining the patterns of international trade. We then define and use the principle of comparative advantage. We formalise the reasons why countries trade using classical theories and general equilibrium models of trade. These models highlight that trade can generate both gains and inequalities.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Economics 1 (ECNM08013)
Prohibited Combinations Other requirements Students must have a good knowledge of calculus and basic mathematic tools such as log transformations.
Information for Visiting Students
High Demand Course? Yes
Course Delivery Information
Academic year 2022/23, Available to all students (SV1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 6, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Assessment (Further Info) Written Exam 80 %, Coursework 20 %, Practical Exam 0 %
Additional Information (Assessment) Coursework 20%
Examination 80%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A knowledge and understanding of principles and models used in the study of development economics, inequality and trade.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding.
  4. Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
  5. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading List
Additional Information
Graduate Attributes and Skills Not entered
Course organiserMs Soledad Giardili
Course secretaryMs Paula Kruyff
Tel: (0131 6)50 2008
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