Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Business and Economics
OfferedClayton First semester 2012 (Day)
Coordinator(s)Professor Ranjan Ray


This unit provides an analytical framework for studying economic problems of developing countries. We will examine how standard economic theories apply in the presence of market failures and weak formal institutions that characterise developing countries. The key focus is on general problems facing developing countries rather than any specific country or region. It examines specific issues and policy problems that are currently faced by developing nations, including issues such as inequality, poverty, population growth, rural-urban migration, human capital accumulation, gender bias, markets in developing countries, credit constraints and risk and insurance.


The learning goals associated with this unit are to:

  1. apply basic microeconomic principles and analytical tools to understand, interpret and assess the transport sector and government transport policies
  2. appreciate the special characteristics of the transport sector and the operation of transport markets
  3. recognise the presence and influence of economies of scale and scope, joint costs, price discrimination, peak and off-peak pricing and factors which shape the derived nature of transport demand and the inner-relationships between transport markets and other markets, including land markets.


Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Professor Ranjan Ray

Contact hours

3 hours per week