SM9629 - Economic Growth and Development

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What will I learn on this module?

This module aims to provide you with the knowledge and understanding of macroeconomics and development economics in different contexts.

Specifically, the module will equip you with knowledge of key concepts and tools in macroeconomics and development economics within countries, their characteristics and specific challenges faced in realising economic growth.

Throughout this module, you will apply economic analysis to development problems and evaluate as well as formulate economic policy responses to economic growth and development challenges. You will explore macroeconomic policies, and the role that markets and market failures play in influencing economic and development outcomes.

On completing the module, you will have developed the ability to analyse and write about economic issues in an informed, critical and knowledgeable way. You will have the opportunity to practice the application of relevant theoretical concepts to real issues in macroeconomics and development economics.

Topics covered within this module include:

• Goods and financial markets
• Labour market
• Inflation
• Unemployment
• Economic growth and development
• Technological innovation and economic growth
• International trade and capital flows
• Principles of development economics
• Global inequality and poverty
• Microfinance
• Environmental economics

This module will help you to better appreciate the global economy and engage in research and debates on real-life challenges relating to international competitiveness and development.

How will I learn on this module?

This module is delivered using a combination of lectures and student-led learning in seminars. The lectures will introduce you to the main theoretical and empirical issues relevant to the module while seminars will entail directed reading and the discussion of set case studies. There are 24 hours of lectures plus 12 hours of seminars and workshops throughout the semester.

In addition, relevant material will be provided via the online electronic learning platform that will support independent learning.

The module will involve both directed and independent learning. Directed learning may include a range of activities including pre-reading, preparation for seminar activity and for presentations. Guidance will be given to you through specific instruction related to particular tasks as covered in class.

A detailed Teaching and Learning Plan will be available to support and direct on expected reading to support class work and seminar tasks.

How will I be supported academically on this module?

Support will be provided to you by experienced members of academic staff leading the module and providing the lectures and seminars. They will also support the students through set seminar activities as well as guide on the computer workshops.

This module is supported by an online electronic learning portal which houses key lecture materials, seminar and group tasks, reading material and links to various sources of information as well as the assessment details and various support facilities.

A detailed Teaching and Learning Plan will be available to support and direct on expected reading to support class work and seminar tasks.

Formative assessment will take place through seminars, group work, presentations and assignment discussions. Formative assessment will serve to provide early feedback to you regarding your progress in the development of the knowledge and skills that will be covered by the summative assessment. Criteria will be provided to enable you to understand what is expected in terms of your learning and how your performance will be assessed.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:
• Critically assess a variety of macroeconomic and development theories and models and their application to real world contexts (MLO1)

Intellectual / Professional skills & abilities:
• Evidence skills in applying and critiquing various economic techniques to analyse real problems within macroeconomics and development economics.(MLO2)

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• Evidence an informed awareness of the international dimension of macroeconomics and assess the global, cultural and ethical issues that may arise within economic development.(MLO3)

How will I be assessed?

The module’s formative assessment will be based on set seminar activities including but not limited to case analysis, oral presentation and group tasks.

These tasks will provide you the opportunity to appreciate and synthesise the knowledge and skills acquired in the module.

The module summative assessment consists of:

1. A closed book examination (50%) [Addresses MLO1 and MLO2] with MCQs

and:

2. An Individual written assignment (50%) of 2000 words [Addresses MLO2 and MLO3]

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

The global economy is increasingly integrated as a result of globalisation. There are connections between goods markets, financial markets, and labour markets worldwide. This module helps you to make sense of these changes and apply economic analysis to real world issues.

The module is delivered through a combination of lectures, seminars and student-led activities. Through this module, you will be exposed to macroeconomic and development models, as well as their application to real world contexts. The knowledge gained will help you appreciate the international contexts affecting macroeconomics and development globally.

Course info

UCAS Code N1L1

Credits 20

Level of Study Undergraduate

Mode of Study 3 years full-time or 4 years with a placement (sandwich)/study abroad

Department Newcastle Business School

Location City Campus, Northumbria University

City Newcastle

Start September 2020

Fee Information

Module Information

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