DE LA SALLE UNIVERSITY COURSE SYLLABUS1 Term 2 AY 2013-2014 College: Course Code: Class Days and Time: Instructor: Consultation

hours: Course Description This course (DEVECON/Development Economics) focuses on the principles and concepts of economics that are particularly relevant to the understanding of development. It provides a critical and comparative analysis of classic and contemporary theories and models of economic development and their implications to developing economies. This course shall discuss and analyze development theories, concepts, measures and issues, both domestic and international, with a more focused on the Philippine context. Learning Outcomes (LO) On completion of the course, the student is expected to be able to do the following: Expected Lasallian Graduates Attributes (ELGA) 1. Competent professional who understands the dynamics of politics and public policy. 2. Articulate knowledge producer conscious of the need to improve our understanding of development and the political process. Learning Outcomes Identify and explain different theoretical perspectives, principles and concepts of economics that are relevant to understanding diverse meanings and measurements attached to development; Identify and articulate different analytical tools needed in the understanding and practice of economic development; Explain and critically analyze domestic and international economic development issues and problems, and their implications in the Philippine context; and Identify the major players in economic development process and explain how they affect the domestic and international economic development process. College of Liberal Arts Department: Political Science Development Economics (DEVECON) T/Th 11:20 12:50 Room: M410 Ma. Ella C. Oplas T/Th 8:00 10:00, Political Science Department

3. Collaborative stakeholder engaged in the development of society and government.

Final Course Output:

1

This Syllabus was patterned from the Term 2 AY 2011-2012 syllabus of Mr. Redencio B. Recio with consent. Slight modifications were made.

As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the indicated dates of the term. LEARNING OUTCOME REQUIRED OUTPUT DUE DATE LO 1: Ability to Identify and explain different Participation in class discussion Every meeting theoretical perspectives, principles and concepts of economics that are relevant to Oct 1, 2013 First Long Examination understanding diverse meanings and measurements attached to development LO 2: Ability to identify and articulate Participation in class discussion Every meeting different analytical tools needed in the understanding and practice of economic Nov. 14, 2013 Second Long Examination development Participation in class discussion Every meeting LO 3: Ability to explain and critically analyze domestic and international economic development issues and problems, and their implications in the Philippine context LO 4: Ability to identify the major players in economic development process and explain how they affect the domestic and international economic development process Rubric for Assessment CRITERIA Ability to Identify and explain different theoretical perspectives, principles and concepts of economics that are relevant to understanding diverse meanings and measurements attached to development LO 2: Ability to identify and articulate EXEMPLARY 4 In class discussion, the student manifests qualities which go beyond the requirements. The submitted midterm examination manifests qualities which go beyond the requirements SATISFACTORY 3 In class discussion, the student manifests the required qualities. The submitted mid-term examination manifests the required qualities. DEVELOPING 2 In class discussion, the student partially manifests the required qualities. The submitted midterm examination partially manifests the required qualities. Certain aspects are vague, incomplete or incorrect. In class discussion, the student partially manifests BEGINNING 1 In class discussion, the student does not manifest any of the requirements. The submitted mid-term does not manifest any of the requirements RATING Short Paper Final Short Paper Oral and written presentation of report Participation in class discussion Short Paper Final Short Paper Third Long Examination

Dec 3, 2013 See Learning Plan Schedule Every meeting TBA Dec 3, 2013 TBA

In class discussion, the student manifests qualities

In class discussion, the student

In class discussion, the student does not manifest any

CRITERIA different analytical tools needed in the understanding and practice of economic development;

EXEMPLARY 4 which go beyond the requirements. The submitted midterm examination manifests qualities which go beyond the requirements

SATISFACTORY 3 manifests the required qualities. The submitted mid-term examination manifests the required qualities. In class discussion and oral report, the student manifests the required qualities. The submitted reflection paper, written report and final examination manifest the required qualities. In class discussion, the student manifests the required qualities. The submitted reflection paper and final examination manifest the required qualities.

DEVELOPING 2 the required qualities. The submitted midterm examination partially manifests the required qualities. Certain aspects are vague, incomplete or incorrect. In class discussion and oral report, the student partially manifests the required qualities. The submitted reflection paper, written report and final examination partially manifest the required qualities. Certain aspects are vague, incomplete or incorrect. In class discussion, the student partially manifests the required qualities. The submitted reflection paper and final examination partially manifest the required qualities. Certain aspects are vague, incomplete or incorrect.

BEGINNING 1 of the requirements. The submitted mid-term examination does not manifest any of the requirements

RATING

LO 3: Ability to explain and critically analyze domestic and international economic development issues and problems, and their implications in the Philippine context

In class discussion and oral report, the student manifests qualities which go beyond the requirements. The submitted reflection paper, written report and final examination manifests qualities which go beyond the requirements

In class discussion and oral report, the student does not manifest any of the requirements. The submitted reflection paper, written report and final examination do not manifest any of the requirements

LO 4: Ability to identify the major players in economic development process and explain how they affect the domestic and international economic development process

In class discussion, the student manifests qualities which go beyond the requirements. The submitted reflection paper and final examination manifests qualities which go beyond the requirements

In class discussion, the student does not manifest any of the requirements. The submitted reflection paper and final examination do not manifest any of the requirements

TOTAL:

Grading System The student will be graded according to the following: Attendance Class Recitation Long Exam (2 scheduled exams) Group Reporting Short Papers (3 assigned papers) Final Short Paper (individual) TOTAL Passing: 70% Learning Plan Learning Outcomes Identify and explain different theoretical perspectives, principles and concepts of economics that are relevant to understanding diverse meanings and measurements attached to development; Identify and articulate different analytical tools needed in the understanding and practice of economic development; Topic Week No. Activities Part I: Principles and Concepts A. Introduction: Economics and Development Week 1 Class Studies Discussion Nature of development economics and its relevance and in development studies Structured (Todaro& Smith, Ch. 1 Economics, Institutions and Learning Development from a Global Perspective) Exercise (SLE) B. Economies as Social Systems Economic growth and the interaction and interrelationship between the different aspects of a social system: culture, institutions, resources and technology (Hayami, Chapter 1) C. Comparative Perspectives on Developing Week 2 Class Economies Discussion Overview of the current status, problems and and growth potential of developing economies Structured (Todaro& Smith, Ch. 2 Comparative Development: Learning Differences and Commonalities; Perkins, Ch. 1 Exercise Introduction) (SLE) D. Measures of Development Discussion of various measures of economic development, their strengths and limitations (Ray, Ch. 2 Economic Development Overview; Perkins et al, Ch. 4 Development and Human Welfare) F I R S T L O N G E X A M I N A T I O N October 1, 2013 Part II: Domestic Problems and Policies E. Growth, Poverty & Economic Inequality Week 3 Structured 10% 10% 20% 20% 20% 20% 100%

Explain and critically analyze domestic and

international economic development issues and problems, and their implications in the Philippine context; and Identify the major players in economic development process and explain how they affect the domestic and international economic development process.

The objectives of growth and the question of growth versus income distribution in developing countries (Todaro& Smith, Ch. 5 Poverty, Inequality and Development; Ray, Ch. 6, Economic Inequality; Ray, Ch. 7, Inequality and Development: Interconnections) F. Human Capital: Education Week 4 The important role played by education and health in human development (Todaro& Smith, Ch. 8 Human Capital: Education & Health; Perkins et al, Ch. 9 Education) Human Capital: Health and Undernutrition The causal relationship between poverty and undernutrition (Perkins et al, Ch. 10 Health and Nutrition; Ray, Ch. 8 Poverty &Undernutrition) G. Population Growth and Economic Week 5 Development The causal relationship between population growth and economic development (Todaro& Smith, Ch. 6, Population Growth and Economic Development; Perkins et al, Ch. 7 Population; Ray, Ch. 9, Population Growth and Economic Development) H. Labor, Unemployment and Income Week 6 Distribution Nature and dimension of employment problems in developing countries (Perkins et al, Ch. 8 Labors Role; Ray, Ch. 13 Labor; Todaro& Smith, Ch. 7 (2001 7thed.) Unemployment: Issues, Dimensions and Analysis) I. Urbanization and Rural to Urban Migration Week 7 Urbanization trends and migration patterns of developing countries (Todaro& Smith, Ch. 7 Urbanization and Rural to Urban Migration; Ray, Ch. 10 Rural and Urban) J. Land Reform and Rural Development Week 8 Role of land, agriculture and land reform in economic development (Todaro& Smith, Ch. 9 Agricultural Transformation and Development; Perkins et al, Ch. 15 Agriculture; Ray, Ch. 11 Markets in Agriculture: An Introduction; Ray, Ch. 12 Land)

Learning Exercise (SLE) Group Report 1

Structured Learning Exercise (SLE) Group Report 2

Structured Learning Exercise (SLE) Group Report 3

Structured Learning Exercise (SLE) Group Report 4 Structured Learning Exercise (SLE) Group Report 5 Structured Learning Exercise (SLE) Group Report 6

K. Credit & Insurance Week 9 Role and importance of credit and insurance as a social security measure in the context of agriculture (Ray, Ch. 14 Credit; Ray, Ch. 15 Insurance)

L. Primary Exports, Industrialization and Initial Week 10 Structural Transformation Lewis Dual economy model of structural transformation; Role of technology (Perkins et al, Ch. 3 Structural Change, Ch. 16 Primary Exports, Ch. 17 Industry; Cypher & Dietz, Ch. 9 & 10 Industrialization and Initial Structural Formation) S E C O N D L O N G E X A M I N A T I O N November 14, 2013 Part III: International Problems and Policies M. International Trade and Debt Issue Week 11 Structured Role of trade in economic development of Learning developing countries Exercise The impact of debt problem on economic (SLE) development policies of developing countries Group (Todaro& Smith, Ch. 12 Trade Theory and Report 9 Development; Todaro & Smith, Ch. 13 Trade Policy Debate: Export Promotion, Import Substitution and Economic Integration; Perkins et al, Ch. 18 Trade and Development) N. Multinational Corporations (MNCs) and Week 12 Structured Foreign Direct Investment (FDI) Learning Increasing vital role of MNCs and FDI as a substitute Exercise for international trade in ushering economic (SLE) development in developing countries Group (Todaro& Smith, Ch. 15 Foreign Finance, Report 10 Investment and Aid; Perkins et al, Ch. 14 Private Capital Flows, Debt and Financial Crisis; BarbaNavaretti et al, Ch. 1 & 2) Business Process Outsourcing Companies The difference between BPOs and MNCs. (Bhagwati et al, 2002) O. Official Development Assistance and Foreign Week 13 Aid Motives, incentives and cooperation among governments of developed nations to provide development assistance to developing countries (Todaro& Smith, Ch. 15 Foreign Finance, Investment and Aid)

Structured Learning Exercise (SLE) Group Report 7 Structured Learning Exercise (SLE) Group Report 8

Structured Learning Exercise (SLE) Group Report 11

Reading/Reference Materials Major References: Todaro. M. and Smith, S. (2009). Economic Development. Massachusetts: New York University. Perkins, D.H., Radelet, S., Snodgrass, D.R., Gillis, M. and Roemer, M. (2001).Economics of Development. 5thed. New York: W.W. Norton & Company. Ray, D. (1999). Development Economics. New Jersey: Princeton University Press. Dowling, Malcolm. (2012). Economic Development in Asia. Cengage Learning: Philippines Other references: BarbaNavaretti, G. and Venables, J. (2004).Multinational Firms in the World Economy. ____: Princeton University Press. Ch. 1-2. Bhagwati, J. Panagariya, A. and Srinivasan, T.N. (2002).The Muddles over Outsourcing.The Journal of Economic Perspectives.1-47. Cypher J M and Dietz J (2008) The Process of Economic Development, London: Routledge. Fitzgerald, Robert (Ed.) (1994), The State and Economic Development, Frank Cass and Co., Ltd, Singapore. Ghatak, Subrata (1995), Introduction to Development Economics, Routledge, New York. Hayami, Yujiro (1997), Development Economics From Poverty to the Wealth of Nations, Clarendon Press, Oxford, New York. Herrick, Bruce and Kindleberger, Charles P. (1983), Economic Development, Fourth Edition, McGraw-Hill International Book Company, Singapore. Hunt, Diana (1989), Economic Theories of Development: An Analysis of Competing Paradigms, Harvester Wheatsheaf, Great Britain. Mah-Hui, Maichael Lim and Ee, Khor Hoe (2010) From Marx to Morgan Stanley: Inequality and Financial Crisis. Discussion Paper of Turkish Economic Association. 1-18 Peet, Richard (1999), Theories of Development, Guilford Publications, Inc., New York. Sachs, Jeffrey (2005), The End of Poverty: Economic Possibilities for Our Time, Penguin Press Todaro, Michael P. 1992. Economics for a Developing World. London: Longman Group Ltd. United NationsCenter for Regional Development (UNCRD), Different Perspectives on Social Development, Local Social Development Planning, Volume 1, Japan UNCRD, 1988. Note: Other reading materials will be identified as the course progresses Class Policies, Teaching Methodology and Techniques Methodology - The course employs a participatory type of methodology allowing dynamic exchange/sharing of ideas in an atmosphere where everyone assumes the role of learners and learning facilitators. It will utilize the following methods: lecturediscussion, workshops and small group discussions, film showing, interviews with different groups. 1. Lecture-discussion There is no single prescribed textbook for this course. Students will have to rely on lectures and read assigned material so they active participation in the class discussion. Other reading materials will be added to the list as may be necessary. 2. Group Reporting Students will be grouped in 11 topics and are expected to substantially discuss the content of topic assigned. While one group is reporting, another group will be assigned to clarify, critique, and give inputs. Both the reporting and non-reporting groups

will submit short papers on the day of the presentation. Guide questions will be given prior to the reporting schedule. Minimum Requirements for the short papers: 4-5 pages, singlespaced, 1111 margin, justified, 12 calibri, short bond paper. 3. Forums and Symposiums Students will be invited to attend forums, symposiums and other public lectures/discussions that feature topics/issues relevant to the course. Students will submit reflection papers on these discussions. 4. Class Discussion For the whole term, faculty lecturer will give premium to valid questions and sound opinions raised during class discussion. The faculty member shall randomly call on a member of the class as discussant to pose relevant questions after the report/presentation. The depth and relevance of the questions raised shall be graded accordingly. 5. Final Short Paper Students will be required to submit a final short paper with topic of choice (with approval from the Instructor). Minimum Requirements: 8-10 pages, singlespaced, 1111 margin, justified, 12 calibri, short bond paper. September 24, 2013 Submission of concept paper with clear research questions. September 26, 2013 Release of approved concept papers December 3, 2013 Submission of Final Short Paper