Summary module description:

This module focuses on microeconomic issues of development. It will provide a theoretical and empirical foundation to the microeconomics of developing countries.

Assessable learning outcomes:
On completion of the module students should:
- have developed an understanding of sources of market failures in developing countries, particularly in rural markets;
- be able to explain theoretical models of market failures in developing countries;
- be able to discuss empirical evidence regarding sources of market failures in developing countries.

Additional outcomes:
Students will develop general analytical skills and will also master the ability to work independently under pressure of restricted time frames and make their own decisions on the organisation of their work. They will also develop generic skills for future employment and career development.

Outline content:
1. Theories of factors markets in developing countries (labour market issues, nutrition).
2. Agricultural microeconomics - integrating producer, consumer and worker problems, choice of contracts within the rural sector.
3. Institutions: missing markets, risk and uncertainty etc.

Brief description of teaching and learning methods:
Detailed guidance on the main topics of the syllabus and key references are provided in 10 x 2 hour sessions of lectures. Students are required to do a significant amount of reading of journal articles, chapters of books, statistical sources and websites of national and international organisations.

Contact hours:
  Autumn Spring Summer
Lectures 20 20
Guided independent study 80 80
Total hours by term 100.00 100.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 70
Class test administered by School 30

Other information on summative assessment:
One essay (2,500 words), weighted 70% of the final mark, and a test weighted 30%.

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information:

Length of examination:

Requirements for a pass:
A weighted average coursework mark of 50%.

Reassessment arrangements:
By the submission of a written 3,000 word essay on a new topic by the last Friday in August of the same academic year.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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