Republic of the Philippines

Don Honorio Ventura Technological State University

Bacolor, Pampanga

College of Business Studies

Subject Code: ECO E301
Subject Description: Economic Development
Credit Units: 3

Course Description:
Economic Development studies the causes and the cure of mass poverty. The course presents the
economic situations of people in developing countries in comparison with the developed countries. Progress
toward development in the vast majority of the world’s developing nations affects the lives, peace and stability
of the world as a whole, thus making development economics an applied area of study.
Course Outline:
Part I: Introduction
A. Reasons for studying development economics
B. Magnitude of world poverty
C. Poverty as an equilibrium condition
D. Structure and characteristics of developing nations
Part II: Theories of Economic Development
A. Linear- Stages Theory
B. Structural Change- Models
C. International Dependence Revolution
D. Neo- classical counter
E. New Growth Theory
Part III. Historic Growth and contemporary Development
A. Economics of Growth
B. Population and labor force
C. Technological progress
D. Kuznet’s characteristics of modern growth
E. Historical Growth Experiences
Part IV. Problems and Policies
A. Growth and Economics Distribution
B. Poverty in Third world countries
 C. Indexes of Development welfare
D. Policy option
Part V. Population Growth
A. Population and quality of life
B. Malthusian population trap
C. Policy approaches
Part VI. Unemployment
A. Unemployment problems
B. Economic models of employment
Part VII: Urbanization and Urban Migration
Part VIII: Environmental issues concerning Agricultural transformation and its relation to economic
development
Part IX. Globalization, Free Trade and other Global issues pervading developing Economies
Part X. International Financing and the Third World Gap
Requirements:
Recitations Term Exams
Attendance Lectures Portfolio
Research Paper Assignments
Case Analysis Quizzes

VI. Grading System: MID - TERM (50%) +FINAL TERM (50%)

MID TERM FINAL TERM

a. Quizzes 30% a. Quizzes 20%

b. Class Standing 30% b. Class standing 40%
c. Term Exam 40% c. Term Exam 40%
100% 100%

Prepared by:

MHARREE JOIE SHYNNE P. GOMEZ, CB, MBA

2nd Semester SY 2018- 2019