Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF SOCIAL SCIENCES AND DEVELOPMENT
DEPARTMENT OF ECONOMICS

Course Title : ECONOMIC DEVELOPMENT

Course Code : ECON 40163

Course Credit : Three (3) units

Pre-Requisites : Macroeconomics and Microeconomics

Course Description : This course covers the concepts and theories of development, major development problems of the Third World, economic and non-
economic analysis of the same; policy implications and development prospects.

Institutional Learning Outcomes Program Outcomes Course Objectives

1. Creative and Critical Thinking Acquire a broad perspective in economics and a General Objectives
2. Effective Communication deeper insight into economic problems 1. Apply the methodology of economics in the study of
3. Adeptness in the Responsible Use of Develop skills in the use of modern mathematical its applied fields.
Technology and analytical tools for planning and decision 2. Employ tools of mathematics and statistics in the
various fields of economics.
4. High Level of Leadership and making
Specific Objectives
Organizational Skills 1. Use important economic concepts especially when
5. Strong Service Orientation Develop skills for professional careers as economic explicated in the context of development problem;
6. Passion to Life-Long Learning practitioners and researchers and university teachers 2. Identify contemporary development problems in the
7. Sense of Personal and Professional Third World within the global context;
Ethics 3. Analyze said problems from a combined empirical,
8. Sense of Nationalism and Global Demonstrate social and environmental concerns and theoretical and policy-oriented perspective; and
Responsiveness inculcate responsible citizenship 4. Formulate independent judgment and policy
conclusions about their possible solutions.
9. Community Engagement
Course Outline 2.2. Causes and consequences of high fertility
2.3. Policy options
A. Introduction
1. Basic Concepts 3. Unemployment and Inflation
2. National Income and Output 3.1. Unemployment and its impact
2.1. Measuring economic activity (National Income 3.2. Inflation and its impact
Accounting) 3.3. Policy options
2.2. Business cycle and foundations of aggregate demand
4. Urbanization and Rural-Urban Migration
2.3. Consumption and investment expenditures
2.4. Government and foreign expenditures 1. The migration urbanization problems
2.5. Output determination (multiplier model) 2. Migration and development
3. Policy Options
3. Growth and Development
3.1. Meaning of Development 5. Education and Human Capital
3.2. Characteristics of Emerging Economies 5.1. Education in developing regions
3.3. Measurements of Growth and Development 5.2. Economic analysis and issues
3.3.1 Inclusive Growth 5.2.1. K-12 Program
3.3.2. Human Development Index 5.2.2. Free Tertiary Education
3.3.3. Economic Freedom Index 5.3. Educational policy options
3.3.4. Other measures
6. Nutrition for Health and Development
4. Sustainable Development Goals 6.1. The scope and consequences of nutritional problems
5. The Role of the Government and Financial Institutions on Growth and 6.2. Factors influencing nutritional status
Development 6.3. Development policies and nutrition
B. Growth and Development Theories 7. Agricultural Transformation and Rural Development
1. Theories of Development
7.1. Agricultural progress and rural development in the Third
C. Development Issues and Policies
World
1. Poverty, Income Inequality and Income Distribution and Mobility
7.2. From subsistence agriculture to specialized commercial
1.1. Concepts and Measurements
farming
1.2. Policy options
7.3. Policies and strategies
4P’s (Conditional and Unconditional Cash Transfer) and other
Welfare Interventions
2. Population 8. Environment
1. Environmental development
2.1. Population growth theories, measurements and quality of life
 2. Policies and options
9. Technology and Innovations WB – World Bank (www.worldbank.org)
1. Research and Development
2. 4th Industrial Revolution United Nations (www.un.org)
3. Advantages and Issues
Department of Social Welfare and Development (DSWD.gov.ph)

10. Globalization and Financial Crises

Resources National Economic and Development Authority. Philippine Development Plan, 2017-
2022
Todaro, Michael P., Smith Stephen & Meandahawi, Ahmed (2011),
Essentials, Pearson Education South Asia Pte. Ltd. National Nutrition Council. Philippine Plan of Action for Nutrition 2017-2022
COURSE GRADING SYSTEM
McConnel, Campbell and Brue, Stanley (2014),Macroeconomics: Principles,
Problems and Policies, 20th ed. McGraw Hill Class Standing
70%
Sexton, Robert L.(2012), Exploration of Macroeconomics, 6th ed., Cengage
Learning Asia Pte Ltd, 1st Phil. Reprint,  Quizzes
 Attendance
Dornbusch, Rudiger , Fischer, Stanley & Startz, Richard (2010),  Recitation
Macroeconomics, 11th ed., McGraw-Hill/Irwin  Projects/Assignments/Seatwork/Special Report

Dowling, J. Malcolm & Ma. Rebecca Valenzuela (2011), Economic Midterm / Final Examinations
Development in Asia, 2nd ed., Pasig City, Philippines: Cengage Learning Asia 30%
Pte Ltd. 1st Phl. Reprint,
100%
Kim, Linsu and Nelson, Richard R. (2000), Technology and Innovation: Experiences
of Newly Industrializing Economies, Cambridge University Press Midterm Grade + Final Term Grade = FINAL GRADE
2
Singh, A.(2003), Capital Account Liberalization, Free Long-term Capital flows,
Financial Crises and Economic Development, Eastern Economic Journal

Alwyn, Young. A Tale of Two Cities,

ADB - Asian Development Bank (www.adb.org) Prepared by: DR. AILEEN L. CAMBA
 Faculty

Noted by: ASST. PROF. NORIE L. MANIEGO

Chairperson

Approved by: DR. NICOLAS T. MALLARI

Dean

DR. MANUEL M. MUHI

Vice President for Academic Affairs