Undergraduate Course: Development, Inequality and Trade (ECNM08024)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 8 (Year 2 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course intends to illustrate the usefulness of economic analysis in a global context. The course is divided into 3 main themes: development economics, inequality and trade. The first part of the course studies how international trade generates gains and inequalities. The second part of the course focuses on developing countries and relevant principles of economic development. |
| Course description |
This course is designed to provide an understanding of the key determinants of economic development, inequality and trade. The course combines economic theories with empirical studies. It is divided into two halves. In the first 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. In the second 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.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Economics 1 (ECNM08013)
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | Students must have a good knowledge of calculus and basic mathematic tools such as log transformations. |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2024/25, Available to all students (SV1)
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Quota: 0 |
| 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 )
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| Assessment (Further Info) |
Written Exam
80 %,
Coursework
20 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Coursework 20%
Examination 80% |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | Development, Inequality and Trade Degree Exam Dec 2024 | 2:120 | |
Learning Outcomes
On completion of this course, the student will be able to:
- A knowledge and understanding of principles and models used in the study of development economics, inequality and trade.
- 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.
- Personal effectiveness through task-management, time-management, 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.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | development,inequality,trade |
Contacts
| Course organiser | Dr Yan Hu
Tel:
Email: Yan.Hu@ed.ac.uk |
Course secretary | Miss Laura Gasull Lopez
Tel:
Email: lgasull@ed.ac.uk |
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