ECON 360 Economic Development Course Guide
The course will analyze both the analytical and normative approaches to the problems of economic development mainly in the less developed countries. The connections between the people and governments of the economically developed countries with those of the developing countries will be emphasized, especially with respect to the positive and negative aspects of their economic interaction. The issues discussed include persistent inequality within and among countries including disparities in income, employment, health, education, and opportunities for women and minorities. We will also explore the degree to which the domestic policies and the policies of the United States, the World Bank, the International Monetary Fund, and the World Trade Organization help or hinder development. Remedies such as investment in infrastructure and private enterprises are explored with sensitivity to the history, diversity, and culture of the country studied.
Assessable Learning Objectives
Upon completion of the course, the students should:
- Be able to explain the conditions necessary for economic and human development.
- Demonstrate sensitivity to the obstacles to economic and human development both within and outside of the country studied.
- Be able to discuss how culture and societal priorities make economic development strategies complex and on long term.
- Be able to identify the conditions that contribute to development in harmony as well as conditions that lead to conflict.
- Be able to identify the linkages between the affluent world (including themselves) and the struggle of most people in the world who have yet to have their basic needs met.
The outline below includes coverage and applications of the core objectives for the course. It is arranged for the most part in the typical order in which course content appears in textbooks. The order can be changed as appropriate to meet the instructor’s objectives, including coverage of additional content.
- Economics, Institutions, and Development
- Comparative Development
- Classic Theories of Economic Development
- Contemporary Models of Development
- Poverty, Inequality, and Development
- Population Growth and Development
- Rural-Urban Migration
- Education and Health
- Agriculture and Rural Development
- The Environment and Development
- Market, State, and Civil Society (Optional)
- Trade and Economic Development (Optional)
- Foreign Finance, Investment, and Aid (Optional)
- Finance and Fiscal Policy for Development (Optional)
Recommended Teaching Methodology
The primary method of teaching will stress interactive lecture and class discussion. Presentations should clarify and amplify text material, providing students with the opportunity to engage in discussion regarding course topics.
Secondary methods will include the discussion of relevant articles and cases that provide examples. Articles and cases may be assigned for oral and/or written presentation and discussion. Group work may also be used to reinforce the concepts considered.
Periodic discussion and review of the portfolio of teaching methods employed by instructors in this course is to be made. Such discussions should also include review of the level of rigor expected in each course section.
Recommended Assessment Measures
Regular assessment serves at least four objectives within this course. First, assessment provides feedback to students on their achievement and shortcomings while a course is underway. Second, assessment may provide an incentive for students to actively engage and study course material. Third, assessment is the process by which student evaluation is quantified for purposes of course grades. Finally, assessment provides feedback to the faculty on student achievement of course objectives. Design of assessment measures for the course should satisfy each of these objectives.
- The primary method for assessing the attainment of knowledge is expected to be periodic and final exams. Exams must be designed to assess the student’s level of understanding and ability to discuss material, from the text and class discussions, that is directly related to the learning objectives.
- Short written assignments may be utilized to achieve and assess the attainment of learning objectives. Criteria for evaluating written assignments should be clearly identified and explained by the professor.
- Quizzes may be utilized to ascertain the level of preparation on a regular basis.
Statement of Expectations
This is a Globalization Studies elective course. The material to be covered is important. It is worth the student’s time to learn it and to know how to apply it. It can affect careers and the competitiveness of organizations that look Siena’s graduates for contributions. Most learning takes place when the student works on the material outside class reading, thinking critically, analyzing and applying concepts to examples. The amount of learning and skill development will be directly related to the amount of effort that is expended. The average weekly workload in this course will be three hours in class plus a minimum of six hours of studying and assignment preparation. Classes are opportunities to discuss and apply the material, and to develop communication and leadership skills. They are also opportunities for professors to provide insight, to help students attain understanding, and for the evaluation of performance.
Prerequisite Knowledge and Skills
The most important prerequisites are an interest in the subject, a willingness to commit the necessary resources in terms of time and intellectual effort, and a desire to participate in the learning process. This course will require a challenging mix of analytic and communication skills and uses concepts from Principles of Economics, Macro (ECON 102) and Principles of Economics, Micro (ECON 101). Students having concerns about their level of preparation should see their instructor.
Mechanism for Providing Feedback for Departmental Assessment of Quality Improvement
Individual professors teaching this course will evaluate each student based on course objectives. Performance assessments will be summarized and reported to the department head or a designate, with separate assessments for relevant learning outcomes. Performance assessments from multiple sections and professors will be compiled into a single comparative report. This report will be utilized for periodic evaluation of ECON 360. The fundamental objective of reviewing student outcomes across course sections is to provide regular feedback for improving instructional effectiveness.