SYLLABUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module Economics Development and Planning
2 Course Code EI6306
3 Credit Value 3
4 Objective
This course aims to address some of the most important questions facing economists, politicians and society. Why do some people live in luxury, while others can barely afford to eat and have no access to clean water?
Economics helps to answer these questions and this course will aim to build on the knowledge and economic theories that students already have and apply it to the issues surrounding economic growth and development.
The course will enable students to develop their understanding of the problems faced by countries in the earliest stages of development and determine the way in which economics and policy can help such economies.
The course will aim to draw on both microeconomic and macroeconomic theories and will encourage students to apply their knowledge of economics to real world issues, by analyzing the literature and drawing on empirical studies. Through examining countries at different stages of development and understanding the obstacles they face, students will gain a broader understanding of the way in which economic policy can promote growth and development. They will also be encouraged to critically examine such interventions by domestic and international governments to determine the effectiveness of different policies.
By undertaking in-depth analysis into International Development, students will gain a greater awareness that
the factors which prevent development are vast and vary extensively from one nation to another. Economic theory is therefore vital in analyzing these obstacles and we will aim to demonstrate how it can be used to explain the acute problems of developing countries and in particular, to help formulate appropriate policies.
5 Learning Outcomes
By the end of this course, students should be able to:
Understand the key microeconomic issues facing countries at the earliest stages of development, including poverty, malnutrition and poor access to health care and education etc.
Understand the key macroeconomic issues facing countries at the earliest stages of development, such as international trade, growth and inequalities.
Apply economic models to practical economic issues of development and explain the different obstacles that developing economies face.
Demonstrate an awareness of selected institutional aspects of global poverty, conflict, trade and development.
Assess the importance of economic theories and models in helping to formulate policy that is suitable for the specific problems a nation faces.
Demonstrate that they have learned to search for relevant literature to approach this information critically and to address key questions on development from a microeconomic and macroeconomic perspective.
6 Synopsis
This cutting edge course will introduce students to the key microeconomic issues facing developing and less developed countries. The course will place an emphasis on the most recent advances in the fields of poverty and foreign aid, poverty and gender inequality and health and
education access in developing countries. By understanding the important role that these issues have in explaining development, we are able to gain a better understanding of the problems faced by some of the world’s poorest nations. The course will show how the tools of economic analysis can throw light on economic behavior and in turn help to formulate appropriate policies to remedy acute problems linked to poverty.
By introducing students to a range of problems in economic development, we will look to analyze how economic theory and models can explain the lack of development in some nations. We will apply such theory to real-world economies to understand the nature of the problems they face and how effective policies can be in tackling the problems. As such the areas that are covered on this course will be highly topical and thus the syllabus may be adapted to account for this.
7 References
Textbook:
Todaro, M. dan Smith, S., 2012, Economic Development, 11th edition, chapter 1, section 1.3.
“What do we mean by development?” New York, Addison-Wesley (T&S)
Course Reading List
Below are some illustrative readings for this course.
1. Nafziger, E.W., 2006, Economic Development, 4th edition, chapter 2. “The meaning and measurement of economic development.” Cambridge, Cambridge University Press. (NE)
2. Sen, A., 1998, “The Concept of Development,” in H.
Chenery and T.N. Srinivasan (eds), Handbook of Development Economics, vol 1. (SA)
3. Banerjee and Duflo, E, “Poor Economics: a Radical Rethinking of the Way to Fight”; (2011); Global Poverty. (B&D)
4. Ray, D. “Development Economics”; (1998);
Princeton University Press
5. Banerjee, R. Benabou and D. Mookherjee, eds;
“Understanding Poverty”; (2006); Oxford University
Press. (B,B&M)
6. Hendrie Anto, M.B., 2009, “Introducing an Islamic Human Development Index (I-HDI) to measure development in OIC Countries”, Islamic Economic Studies, vol. 19(2), pp. 69-95. (HA)
7. Cook, J., 1999, “Islamic versus Western conceptions of education: Reflections on Egypt”, International Review of Education, vol. 45(3/4), pp. 339-357. (CJ) 8. Wiseman, A.W., Sadaawi, A. dan Alromi, N.H., 2008,
Educational Indicators and National Development in Saudi Arabia, paper presented at the 3rd IEA International Research Conference 18-20 September, Taipei City, Taiwan. (W&A)
9. Mehran, G., 2003, “The Paradox of tradition and modernity in female education in the Islamic Republic of Iran”, Comparative Education Review, vol. 47(3), pp. 269-286. (MG)
10. Wilkens, K., 2011, Higher Education Reform in the Arab World, Saban Center at Brookings. (WK)
11. Fish, M.S., 2011, Are Muslims Distinctive: A Look at the Evidence, New York, Oxford University Press.
(FM)
12. Mobarak, A.M., 2005, “Democracy, volatility, and economic development”, Review of Economics and Statistics, vol. 87(2), pp. 348–361. (MA)
13. Hassan, Zubair, 1995, “Economic development in Islamic perspective: Concept, objectives and some issues”, Journal of Islamic Economics, vol. 1(6), pp.
80-111. (HZ)
14. Chapra, M.U., 2008, The Islamic Vision of Development in the Light of the Maqashid as-Shariah, Jeddah: Islamic Research and Training Institute, Islamic Development Bank. (CM)
Journals of interest:
Cityscape
Economic Development and Cultural Change Economic Development Review
Quarterly Economic Development Housing Policy Debate
Journal of the American Planning Association Journal of Urban Affairs
Journal of Regional Science Policy Studies Journal Urban Affairs Review Urban Studies
Web Pages on Economic Development and others:
Brookings Institution: www.brook.edu/dybdocroot/
National Council for Community and Economic Development: www.ncced.org
Economic Development Directory:
www.ecodevdirectory.com/
Carnegie Mellon Center for Economic Development:
www.smartpolicy.org/
International Economic Development Council:
www.iedconline.org/
Allegheny Conference for Community Development:
www.accdpel.org/
City of Pittsburgh Urban Redevelopment Authority:
www.ura.org/Pennsylvania Department of Community and Economic Development: www.inventpa.com/
8 Lecturer Dyah Titis Kusuma Wardani, SE., MIDEc
9 Correspondence
Lecturer Room, E4 Building 2nd Floor E-mail:
dyah.wardani@umy.ac.id/dyahtitis123@gmail.com Phone: +62 82327 810 910 (WA)
10 Consultation time By appointment
11 Academic Evaluation
1. Competency Test I 30%; Competency Test II 35%
2. Presentation 20%
3. Assignments 10%
4. Class Participation 5%
Total 100%
COURSE OUTLINE
Meetings Course Material Material
Readings 1 Economic Development, Economic Growth and How They Differ Ch.1 T&S 2 The Deep Roots of Comparative Development Ch.2 T&S 3 The Classic Theories and Contemporary Model of Economic
Growth and Development Ch.3-4 T&S
4 Behavioral Approaches to Poverty B, B&M
5 Poverty, Inequality, and Development Ch.5 T&S
6 Gender and Household Decisions Ch.1 T&S
7 Population Growth and Economic Development: Causes,
Consequences, and Controversies Ch.6 T&S
8 Urbanization and Rural-Urban Migration: Theory and Policy Ch.7 T&S 9 Competency Test I
10 Human Capital & HDI: Education and Health in Economic Development
Ch.2 T&S;
HA; CJ;
W&A; MG 11 Agricultural Transformation and Rural Development Ch.9 T&S
12 The Democracy and Development FM; MA
13 The Corruption and Development FM
14 The Environment and Development Ch.10 T&S
15 Globalization
16 Development Policymaking and the Roles of Market, State, and
Civil Society Ch.11 T&S
17 Review and Discussion 18 Competency Test II
Rules of class meeting:
1. Grading System
Grading and Weight Interval (%)
A A≥80
AB 75≤AB<80
B 65≤B<75
BC 60≤BC<65
C 50≤C<60
D 35≤D<50
E <35
