Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 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
Organisational UnitDepartment of Economics
OfferedClayton First semester 2014 (Day)
Coordinator(s)Dr Simon Angus


This unit examines the process of economic development and its effects on prosperity, poverty and sustainability. The unit begins by studying the sources of prosperity via economic growth in the modern era, with particular reference to the Great Divergence in incomes that started during the 1800s. Second, the unit asks why some economic systems have prospered, whilst others have declined by turning its attention to disparate experiences of world-wide economic growth such as poverty and starvation. Finally we study the effects and prospects for future economic development in the context of environmental sustainability and climate change.


The learning goals associated with this unit are to:

  1. to introduce economic analysis as a key tool in understanding global movements of capital, labour and goods and services
  2. to use this analysis to identify the underlying causes of economic prosperity, poverty and environmental degradation in the modern global economy
  3. to critically analyse the sources of globalisation at the beginning of the 20th century and in the modern era
  4. to equip students with the economic tools to assess current ideas that aim to alleviate global poverty and secure environmental sustainability.


Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Workload requirements

3 hours per week