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ZUG4038 - Development Economics

15 credits

Honours degree – Module

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


Business, Engineering and Technology


South Africa

  • First Semester  2019


The primary objective of the module is to apply economic analysis in a variety of situations of global significance; drawing from theory encountered in both microeconomics and macroeconomics modules, and combine this with evidence from developing countries. The module will expose students to key economic debates by discussing the experience of a wide variety of countries. Examples and problems discussed in the class and tutorials will illustrate the application of economic thinking to a wide variety of practical situations. The module will cast light on market failures in developing countries and show how we can use the tools of economics to understand these problems and to evaluate policy options.


  1. Understand and explain why standards of living vary so widely across countries.
  2. Apply the concept of growth models to explain long-term economic growth in developing countries.
  3. Extract information from data to provide answers to development challenges.
  4. Describe how economic policy can be used to influence standards of living.
  5. Discuss different economic options available to countries.
  6. Analyse some of the forms of market and government failure that may have contributed to global inequality.
  7. Apply economic theory and analysis to different development challenges facing developing countries.
  8. Examine the historical roots of development challenges and offer fresh and bold answers to one of the basic questions of our age: Why is Africa lagging behind?


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this module is 150 hours typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three to four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.


All three compulsory BCom (Honours) or equivalent modules.