THE UNIVERSITY OF THE WEST INDIES, MONA ECON2020:

Caribbean Economies
Semester II - 2016

Lecturer: Dr. Terence Yhip

Office Hours: Monday: 10 – 12 noon; Wednesday: 10 – 11 A.M.
Office: E207
Email: terence.yhip@uwimona.edu.jm
Prerequisites: ECON1000

Description
The course is designed to expose non-specialists to some of the main economic
problems facing the productive sectors in the Caribbean Community (CARICOM):
Agriculture, Transportation, Tourism, and Industry. In addition, the course includes
related macroeconomic problems of growth, development, balance of payments
imbalances, and foreign indebtedness.

Learning Outcomes
Upon successful completion of the course, students should have an adequate
understanding of the economies in CARICOM, and the main economic challenges
they face in terms of their own growth and development and the wider issues of
regional integration. Students should be able to apply fundamental economic
principles learned from ECON1000 in order to assess the effectiveness of policies
aimed at addressing the problems.

Modes of Delivery
The course will be taught in a lecture/tutorial format (2 lecture hours plus one tutorial
hour per week).

Tutorials begin in the SECOND WEEK of classes.

Assessment
1. Term Paper – 25 %
2. Mid-semester examination –- 25%
3. Comprehensive Final examination – 50%

A Term Paper
Topics to be announced
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Term-paper Expectations and Weights
1. Applying concepts accurately (15%)
2. Synthesising information (15%)
3. Presenting accurate information in tables or graphs (15%)
4. Reaching logical conclusions (30%)
5. Writing concisely and clearly (15%)
6. Proof-reading to catch typos (10%)

Prescribed Text Books

No single Text is required for this course; however, we will be drawing material from
various sources including:

Barro, R & Sala-i-Martin (2004), Xavier, Economic Growth, 2nd Edition, Publisher:
MIT

Goode, Richard (1984), Government Finance in Developing Countries, The

Brookings Institution, Washington, D.C.

Hall, Kenneth and Chuck-A-Sang, Myrtle, editors (2006), Integration: CARICOM’s

Key to Prosperity, Randle Publishers

Pantin, Dennis (2005), The Caribbean Economy: A Reader, Kingston; Ian Randle
Publishers

Todaro, M & Smith, Stephen (11th Ed or 12th Ed), Economic Development. Publisher:
Addison Wesley.

The Commonwealth Caribbean: the integration experience (1978), World Bank

Publications by the Caribbean Development Bank. Links as follows:

http://www.caribank.org/
http://www.caribank.org/category/publications/featured-publications
http://www.caribank.org/publications-and-resources/annual-reports
http://www.caribank.org/basic-needs-trust-fund-stories-of-change

For the detailed course outline, additional readings, tutorial questions, and all other
course material please log on to the OURVLE site for this course.

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The course covers the following:

1. Applicable economic theories and principles

2. Structure of the productive sectors of CARICOM economies
3. The problems facing the productive sectors
4. Balance of payments imbalances, and foreign indebtedness
5. Policies and programmes addressing the problems and challenges
6. Regional economic integration.