ECON314 ECON.OF GROWTH AND DEVELOPMENT
| Course Code: | 3110314 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. İLHAN CAN ÖZEN |
| Offered Semester: | Fall Semesters. |
Course Objectives
Development Economics examines one of the most important economic, political, and moral challenges of our time, namely, the demand for economic growth and development in low-income countries, and the prospects for their transformation into modern, globalized, and high-income economies.
The course consists of seven modules. The first five of these explore the nature and causes of development and underdevelopment, the effects of development aid in recipient countries, and the vexing phenomenon of "growth without development," all in terms of
(1) the four major macroeconomic models of development;
(2) the basic contemporary policy debate ("Planners" vs. "Searchers");
(3) obstacles and opportunities attributable to the international aid architecture;
(4) theoretical and technical approaches to assessing aid effectiveness; and
(5) project management tools for evaluating specific development initiatives.
In the closing weeks of the course, the complex role of (6) political economy of development and democracy is also introduced in advance of our (7) final research assignment.
Course Content
This course is designed as an introduction to the field of economic development, and examining the intersection of this literature with the newly emerging field of political economy of institutions and development.
Course Learning Outcomes
- Understand the complexity of economic growth and development and the debates surrounding the ways and means to support it.
- Gain knowledge of various paradigms of economic development, and their application in a geographic and historic perspective.
- Gain factual knowledge of the “international aid architecture,” including the main institutional actors, the policy framework, and operational challenges.
- Be able to critically address current/historical debates surrounding political economy of development, and the role of democracy vis-a-vis development outcomes.
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis) | ✔ | |||
| 2 | Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies) | ✔ | |||
| 3 | Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods) | ✔ | |||
| 4 | Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative) | ✔ | |||
| 5 | Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events) | ✔ | |||
| 6 | Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning) | ✔ | |||
| 7 | Have skills to work independently and in a team (Individual and teamwork) | ✔ | |||
| 8 | Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems) | ✔ | |||
| 9 | Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills) | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution