ECC4670 - Economic development - 2019

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate, Postgraduate - Unit

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


Business and Economics

Organisational Unit

Department of Economics

Chief examiner(s)

Professor Pushkar Maitra


Professor Pushkar Maitra

Unit guides



  • Second semester 2019 (On-campus)




This unit examines the notion and implications of market failure in developing countries and discusses possible solutions to addressing such market failure. Specifically, it explores, how in developing countries, innovative and informal institutions fill the void caused by the absence of markets, widespread externalities and the inability of the legal system to enforce contracts. Using a mix of empirical and theoretical approaches this unit examines some of the critical problems faced by developing countries and possible ways of addressing these problems.


The learning goals associated with this unit are to:

  1. understanding the economic, social and behavioural implications of poverty and underdevelopment
  2. understand the notion and implications of market failure in developing countries and examine possible solutions to addressing such market failure
  3. understand the implications of gender discrimination and the policy responses to address such biases in developing countries
  4. understand the political economy of developing countries, including efficient ways of targeting disadvantaged groups in the society.


Within semester assessment: 40% + Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information