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Department of Economics

African Economic Development II (MSc Research for International Development)

Course Code:
15PECC058
Unit value:
0.33
Year of study:
Year 1
Taught in:
Term 2

This course is only available to students enrolled on the MSc Research for International Development programme.

This course carries forward the treatment of African economies provided in Part I by aiming to increase students’ capacity to use their growing knowledge of economic theory and development economics in rigorous analysis of a subset of the critical issues facing policy makers in sub-Saharan Africa, this time focusing on macroeconomic issues, in particular international trade.  The course relies both on the best theoretical studies in development economics and the most relevant applied economic literature referring to sub-Saharan African countries.  The heterogeneity of African economies is stressed and students are encouraged to focus their written work on particular sub-regions, countries and sectors.  The course presents the most important debates and critically assesses the determinants of sub-Saharan countries’ economic performance.  Topics covered include: the role of the state; the impacts of international financial institutions (IMF and World Bank) reforms programmes; industrialisation; privatisation; international and intra-regional trade; foreign direct investment; official development assistance, the determinants of growth; and debt.

This course will delivered alongside the parallel course African economies 2: applied macroeconomic analysis, worth 18 CATS credits. Students will have the opportunity to attend all lectures and tutorial, but the examinable component will be approximately  85% of the 18 CATS credits syllabus. The following topics will not be part of the examinable component of this course: Week 10

Objectives and learning outcomes of the course

On successful completion of this course, students will be able to:
Understand the major and minor strands in debates over African economic development. They will be able to apply their knowledge in constructing a critical analysis of the issues for a particular African country, and will be able to use economic data appropriately.

Workload

Teaching takes place through a weekly 2 hour lecture and 1 hour tutorial

Method of assessment

Assessment weighting: Exam 70% / coursework 30% (1 essay). Resubmission of coursework regulations apply.

Suggested reading

Background Reading:
1. Akyüz, Yilmaz and Charles Gore. 2001. African Economic Development in a Comparative Perspective, Cambridge Journal of Economics, vol. 25, n°3, May, pp. 265-288.
2. Maizels, Alfred. 1994. The Continuing Commodity Crisis of Developing Countries, World Development, vol. 22, n°11, pp. 1685-1695.
3. Kaplinsky, Raphael and Mike Morris. 2008. Do the Asian Drivers Undermine Export-Oriented Industrialisation in SSA?, World Development, vol. 36, n°2, pp. 254–273.