ECN 360: Economic Development 2022
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ECN 360: Economic Development
2022 Spring SLN 19760
Course Description
This course provides insights for understanding principles of meaningful economic development along with barriers faced in the real world. What are the criteria for meaningful development and/or differences with economic growth? Why do some countries develop at a significantly faster pace than others? Tools are presented for a broad understanding of economic development with a global perspective - role of agriculture, environment, fertility, human capital, migration, trade, poverty, inequality and women are discussed using theory and empirics. Solid understanding of macro- and micro-economic principles, along with basic statistics, is essential for this class.
W. P. Carey School of Business Learning Goals
The Undergraduate Program of the W.P. Carey School of Business has established the following learning goals for its graduates (items in bold have significant coverage in this course):
1. Critical Thinking
2. Communication
3. Discipline Specific Knowledge
4. Ethical Awareness and Reasoning
5. Global Awareness
Department of Economics Criteria for Learning Goals 1 - 3
The economics department has established detailed criteria for the first three W. P. Carey School of Business undergraduate learning goals:
1. Critical Thinking
o Identifies a question (or problem) and gathers relevant information to analyze it
o Draws inferences that are supported by the data/evidence and the analysis.
o Synthesizes analysis and theory to draw conclusions or make recommendations
2. Communication
o Constructs a logical argument based on economic principles and observed evidence
o Effectively communicates in oral form
o Effectively communicates in written form
3. Discipline Specific Knowledge
o Demonstrates knowledge of resource allocation mechanisms and their implications for efficiency, distribution, employment, and growth
o Demonstrates knowledge of the models, methods and statistical techniques used by economists to study human behavior
o Demonstrates knowledge of the effects of government policies on efficiency, distribution, employment, price stability and growth
The items in bold have significant coverage in this course along with awareness of worldwide economic development experience.
Course Objective, Learning Outcomes, Teaching Philosophy and Method
1. Principles of economic development and underdevelopment
2. Real conditions and developing experiences across the world
3. Interpretation of contending theories and empirical evidence
4. Resources for informed conclusion addressing policy issues
Required Textbook
Economic Development by Michael P. Todaro and Stephen C. Smith, 12th edition, Pearson. Check
https://www.pearson.com/store/p/economic-development/P100000490962 with ISBN 9780133406832.
Course Requirement and Grading
ECN 211 or 213, ECN 212 or 214 and MAT 211 or 271 with a grade of C (2.0) or better are course pre- requisites. Visiting University students may also meet these requirements.
Course grade depends on your performance in an entity-based project, several quizzes and two exams. You are tested on your knowledge, understanding, critical analysis and ability to communicate development experiences around the world. Grade distribution may be curved, if needed.
All evaluations - exams, project, quizzes – will be available on Canvas with LockDown Browser and Respondus Monitor. This method of remote proctoring records both computer screen activity and physical room environment to mimic in-person proctoring conditions. These recordings are captured to help ensure academic integrity. Prior to the start of the exam, you are required to conduct a room scan; and if that scan does not show your complete work environment, you may be in violation of ASU's Academic Integrity Policy and reported to the Dean’s office. Points will be deducted for such violations with significant implication on your grade. You may take exams in class.
Project and Quiz
Weekly reading and preparation of discussion questions with graphical, numerical and descriptive answers are essential part of learning. Your answers to discussion questions or project assignments are not graded. Your performance on project and quizzes are graded, each out of twenty (20) - four highest scores count towards course grade (80 points). Quiz dates are NOT announced in advance. Project-
specific answers are to be completed during class hours on Thu, April 14.
Examinations
Two closed-book exams (2x60 points = 120 points) evaluate your knowledge, understanding and ability of critical analysis and communication: no access to books, notes, cheat-sheet, or devices like tablets, laptops, and mobile phones other than the device you are taking exam on with LockDown Browser and Respondus Monitor. Note that, exams must be taken during assigned hours:
Exam 1 Thu, Feb 10 1:30-2:45PM Required, starts promptly at 1:30pm AZ Time
Exam 2 Thu, Mar 24 1:30-2:45PM Required, starts promptly at 1:30pm AZ Time
Final Exam Thu, May 05 12:10-1:25PM See below, starts promptly at 12:10pm AZ Time
Final exam may be optional depending on your attendance/performance through the semester; you will be notified of your option during the last week of classes. Please take a note of the schedule, NO make- up exam is available. You may take all exams in class.
2022-02-04