ECON5001 Economic Development in Theory and Practice

6 points
(see Timetable)
Semester 2UWA (Perth)Face to face
This unit examines contemporary issues in economic development, mainly in developing countries but with relevance to developed countries. The unit is problem- and policy-oriented. It covers thematic issues/areas of development from five capital perspectives: social, human, technical, natural and financial perspectives, and considers how the economic, social and institutional problems of under-development are interrelated and that require coordinated approaches to find their solution. The thematic areas covered include poverty and inequality, labour markets and migration, education, health, population, infrastructure, technology, markets, trade, microfinance, the environment, conflicts and corruption, and their relationship with under-development and economic development. In addition, a brief history of economic development is covered along with contemporary theories and analytical methods of economic development. Each theme is examined in an integrated and holistic approach to gain insights on success and failure of development policy/intervention. For example, why do poverty traps persist and what can be done to help people get out of poverty? Why does labour migrate and what are its consequences? Why do institutions matter for development? How do environmental protection policies affect local economic growth? What is the role of technology and infrastructure in development?
Students are able to (1) analyse current debates in economics of development such as poverty traps and economic growth, and consequences of rural urban migration; (2) develop critical thinking in suggesting solutions of economic development issues such as chronic poverty, youth unemployment, environmental degradation, and institutional and market failure; (3) apply basic economic tools of analysis to analyse development issues such as poverty, vulnerability and inequality; (4) analyse the patterns of development and disparities in development across regions and nations through the lense of five capitals; and (5) provide critical analysis of real world challenges in development and what can be done to promote development through policy interventions and investment.
Indicative assessments in this unit are as follows: (1) quizzes; (2) in-class activities, tutorial assignments; and (3) written assignments. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Ram Pandit
Unit rules
enrolment in the Master of Agricultural Science (72510) or the Master of International Development (71550) or the Master of Geographic Information Science (71570) or the Master of Agricultural Economics (73530) or the Master of Economics (42620) or the Bachelor of Science (Honours) (BH004) or the Bachelor of Commerce (Honours) (BH002)
Advisable prior study:
ECON4410 Environmental and Resource Economics
Contact hours
lectures/tutorials/labs: 4 hours per week (for 10 weeks)
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  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available via the Booktopia Textbook Finder, which has the functionality to search by course code, course, ISBN and title, and may also be posted or available at the appropriate school's administrative offices. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.