Objectives and Content
This course introduces the students to the central issues of economic development in poor countries. It is observed that there are large differences in the material well-being between rich and poor countries, and further, this difference continues to grow over time. In addition to introducing the students to the relevant economic concepts and variables, this course will go through different theories that explain economic development and growth (or the lack of development and growth).
The key issue here is the large and ever-increasing income differential between rich and poor countries. Data will be presented that show these income differentials and how these evolve overtime, and in addition, we will discuss theories that shed light on the causes of these. The course will also give an introduction to how different economic institutions and markets, (e.g., labour and credit markets), function in poor countries, and discuss the existence of certain economic mechanisms that reproduce and reinforce poverty - poverty traps.
A candidate who has completed his or her qualification should have the following learning outcomes defined in terms of knowledge, skills and general competence:
- Can explain inequalities between rich and poor countries, how the differences have evolved over time and how other measurements of quality of life correlates with per capita income.
- Can explain the concept of economic growth.
- Has knowledge of different measurements of poverty and inequality, and pros and cons of the different measurements. The student shall understand different characteristics of world demographics and explain how population growth affects other economic circumstances.
- Can explain the development of international trade patterns and central theories of international trade.
- Has knowledge of central multilateral humanitarian organisations and their role.
- Can use models as tools for analysing e.g. differences between rich and poor countries and effects of economic growth on inequality and poverty.
Teaching and learning methods
Compulsory Assignments and Attendance
There is one assignment in the course that are obligatory. The assignment is to be graded approved or not approved. The grade for the course is based on the written examination provided that the students have passed the assignment. Approved compulsory requirements do not have time limits.
Forms of Assessment
4 hours written exam
All the courses at the Department of Economics are evaluated at the end of each semester.
Department of Economics
Tlf: +47 55 58 92 26
For written exams, please note that the start time may change from 09:00 to 15:00 or vice versa until 14 days prior to the exam. The exam location will be published 14 days prior to the exam.
Type of assessment: Written examination (New exam)
- Withdrawal deadline