PCOURSE OUTLINE
ECO 225: Economics of Development
Course Instructor: Nisat Akter Suci Program Name: BSS (Hon’s) in Economics
Lecturer, Dept. of Economics Time & Days: Sunday (2.00 pm- 3.00pm),
Room: 255
Contact:01892516250
Tuesday (12.00pm- 1.00pm)
E-mail: [email protected]
Room: 252
Course Objectives:
This course is designed to make the students understand the various concepts and theories and
growth and development. It includes theory of growth , theory of development and their
determinants specially in connection with developing countries like Bangladesh. This course also
examines theoretical and empirical issues in economic development, focusing its connection with
population, education and human capital issues; household, family and gender concern; the rural
– urban migration; markets in agriculture; credit markets, insurance and savings; political
economy of development. The objective of the course is to provide students with the necessary
knowledge and skills to interpret academic literature on development and to draw implications
for policy.
Course Outcomes:
After successful completion of the course the students will be able to:
learn the basic problems of growth and development of an economy.
learn the basic determinants and their functioning towards growth and development.
understand the processes of structural change and social change which occur during
development.
recognize the importance of institutions, technological change, and international trade,
aid, FDI for the development process.
Effective: spring Semester, 2024
analyze real life happenings in the sphere of this course, on the basis of acquired
theoretical knowledge.
Criteria for distribution of marks on Attendance:
Attendance (%) Marks (out of 10)
96%-100% 10
91%-95% 9
86%-90% 8
81%-85% 7
75%-80% 6
60%-74% 5(required permission, valid reasons—medical leave,
sickness of kith and kin, death of near relatives etc.)
Below 60% Not allowed to sit for the exam
Attendance, Exam, Homework, Assignment and Presentation:
I must insist that the following exam policies be followed. Anyone who must miss an exam
should notify me as soon as possible, but at least two days before the scheduled exam time. The
only exceptions to this rule will be a verified, serious illness or serious family emergency. Even
in this case, students should notify me of the illness before the exam. No excuses will be granted.
If any student is absent from a test, and do not spoken to me personally before the test then
his/her grade will be zero for that test.
Attendance: Students are expected to attend and participate in all classes. The attendance
policy is simple: Come to class every day. Come to class on time. Come to class prepared.
Attendance will be taken at the beginning of each class. After 10minutes of starting the class,
no students can enter without any valid reason for late.
Exam: There will be a Midterm and Final examination. At least four quizzes will be held and
average of them will be counted. Students should take part all test in order to achieve the
learning outcomes of this course.
Homework: Homework or home assignments are part of this course. Students should
attentively attend the classes and do their home works or home assignments. Otherwise I will
deduct 20% of your marks from assignment.
Rules for Assignment and Presentation: You are advised to note the following:
1. You need to select your assignment before the mid-term exam. Discuss with your teacher
if needed.
Effective: spring Semester, 2024
2. Once you select your topic, you may start working on it and periodically you can take
help of your teacher as needed.
3. You are given an opportunity to submit a draft of your assignment at least a week earlier
to final submission.
4. You are advised to submit the assignment by the announced date; for each day delay you
will lose one point and after the 5th day, your assignment will not be accepted.
5. You are also given an opportunity to turn your assignment into your presentation, if
appropriate. You need to talk with your teacher and fix the topic of your presentation.
6. You need to fully prepare your presentation and present it on the scheduled-date. Your
teacher will instruct you about the rules of presentation as required.
7. Remember, being absent from your presentation-session will fetch you a Zero.
8. Rubrics for grading your Assignment and Presentation will be given separately.
Course Requirements:
The students are expected to:
Attend class regularly. Three unexcused absences are allowed without penalty. Other
absences have to be explained in writing. Unexcused absences will result in a penalty to the
final course grade. Please consult the class attendance and exam policies of the University
and abide by these rules.
Participate in discussions. Offer your comments and insights to the group/class. You are
required to answer the questions posed to you/class. However, it is more important to bring
up the questions or problems that you need to address.
Submit the assignments on time. You will be penalized for late submission. Check the
date given by your teacher.
Caution. Do not use any correction pen and/ or red-colored pen in your answer scripts as
well as in your term papers/ assignments.
Reading Materials:
There is one suggested textbook, and several supplemental materials that will be used throughout
the term. Students must have to purchase the suggested textbook from any bookstore. Other
materials will be available through teacher’s hand note, research articles, internet etc.
Text Book:
Ghingan, M.L. (2003). The Economics of Development and Planning, 34th edition, Vrinda
Publication, Delhi
Reference Books:
1. Michael P. Todaro and Stephen C. Smith: Economic Development, 8th edition,
Addison-Wesley, 2003.
2. Thirwal, A.p. (2004). Growth and Development, 7th edition, Palgrave Macmillan,
Basingstoke.
Students’ Assessment:
Class Attendance : 10
Class test/Quiz : 10
Effective: spring Semester, 2024
Class Presentation & Assignment : 10
Mid term Exam : 30
Final Exam : 40
Total Marks = 100
Grading Procedure:
Marks Grade Points Letter Grade
80 - 100 4.00 A+
75 – 79 3.75 A
70 – 74 3.50 A-
65 – 69 3.25 B+
60 – 64 3.00 B
55 – 59 2.75 B-
50 – 54 2.50 C+
45 – 49 2.25 C
40 - 44 2.00 D
Less than 40 0.00 F
Incomplete I
Course Details with Class-schedule and Layout Plan:
Class-schedule for this course contains two 60-minute sessions per week – with a built-in break
for 10 minutes. It is expected that there will be at least 24 sessions of “face-to-face” interaction
with the teacher “in real time in real classroom environment” to make up three credit hours that
may include exams and other related activities.
Class Schedule (Tentative)
Week Session Theme
Week 1 Session 1 Nature of Development and Underdevelopment
Meaning of Economic Development – Growth vs. Development
Session 2 Economic Development vs. Welfare – Developing Countries:
Conceptual Issues – Measurement of Economic Development -
Week 2 Session 1 Conceptual Issues – Measurement of Economic Development -
Session 2 Alternative Measures of Economic Development–
Week 3 Session 1 Determinants of Development Lessons for the LDCs from the
Effective: spring Semester, 2024
Late Developers
Session 2 Meaning of the underdeveloped, Criteria of underdevelopment.
Week 4 Session 1 Characteristics of underdeveloped country,
Session 2 Criteria of underdevelopment.
Week 5 Session 1 Obstacles of economic development
Session 2 Factors of economic growth: Economic and non economic
Class Test 1
Week 6 Session 1 Poverty, Inequality and Development: Measuring inequality size
and functional distributions of income.
Week 7 Session 1 Poverty measurement – Headcount index
Session 2 human poverty index
Week 8 Session 1 Strengths and weaknesses to poverty measures;
Session 2 Poverty alleviation – Micro credit system
Week 9 Session 1 Role of NGOs, Kuznets’
Session 2 Inverted U Hypothesis
Week 10 Session 1 Theories of Economic Growth and Development: The Solow
Neoclassical growth model, Endogenous growth theory
Session 2 the Big Push model; Balance and Unbalance growth; Dualistic theories
Midterm Examination
Week 11 Session 1 Classical views: Smith, Ricardo,
Session 2 The Marxian view.
Week 12 Session 1 Rostow stage theory
Session 2 Mill and Malthus – Institutional views: Schumpeter,
Week 13 Session 1 Lewis and Fei-Ranis models
Session 2 The dependence theory of underdevelopment
Week 14 Session 1 The Harrod –Domar models
Session 2 Myrdal,s theory of circular causation
Session 1 Class Test 2
Week 15 Session 2 Specific Issues in Development
Week 16 Session 1 Women and Development – Micro credit and Development – Technology
Transfers
Session 2 Millennium Development Goals (MDGs),
Week 17 Session 1 Sustainable Development Goals (SDGs)
Session 2 Poverty Reduction Strategy paper (PRSP)
Session 2
Week 18 Session 1 Class Test-3
Session 2 Problem Solving/ Review Class
Assignment and
Presentation
Final Examination
Effective: spring Semester, 2024
Effective: spring Semester, 2024
