Module code: ECO3058

Module Overview

The first half of the course will introduce students to modern theories of development economics, with special emphasis on the impact of credit market imperfections and other types of market failures. The second half of the course will focus on empirical evidence and studies on the impact of market failures, institutions, property rights, and civil conflict on long- run growth. This part of the course will also introduce students to the use of randomized controlled trials in the context of developing economies.  The module will build upon students' knowledge from their second year. Specifically it is grounded in both micro- and macroeconomic theory and relies on their familiarity with econometric analysis of both cross section and panel data. 

Module provider


Module Leader

JAIMOVICH Esteban (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

Module cap (Maximum number of students): N/A

Overall student workload

Workshop Hours: 4

Independent Learning Hours: 128

Lecture Hours: 18

Module Availability

Semester 2

Prerequisites / Co-requisites

Students in the BSc in Politics and Economics programme must have taken ECO2051 (Intermediate Microeconomics 2) in their second year a prerequisite for this module.

Module content

Indicative content includes:
-Coordination Failures and Technological Non-Convexities
-Poverty and Undernutrition
-Population Growth and Development
-Credit Market Imperfections and Poverty Traps
-Group Lending and Microcredit
-Institutions, Social Conflict, and Property Rights
-Randomised Control Trials

Assessment pattern

Assessment type Unit of assessment Weighting
Online Scheduled Summative Class Test Online Test within a 4hr window 40

Alternative Assessment


Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their knowledge of the course and their ability to apply the concepts learned. The mix between in-semester test and the final examination is instrumental to this. Assessments will combine essay-style questions, problem-style questions and multiple choice questions. The style encourages students to respond to hypothetical scenarios which mimic the policy challenges faced by organizations such as the World Bank.  In doing so they will apply concepts and analytical tools acquired during the lectures and in the further reading.

Thus, the summative assessment for this module consists of:

Students are assessed by class test and final examination.

-A mid-term test worth 40% of final grade

-A final examination worth 60% of the final trade.

Formative assessment will be undertaken through discussion in lectures and in the tutorials.  Students will also be encouraged to make use of student consultation or office hours. 

Module aims

  • Make students aware of the modern theories of development and the difficulties in sustaining long-run growth (sustainability)
  • Provide students with tools to assess the degree of social mobility across different countries and regions (global capabilities)
  • Prepare students to be able to assess and evaluate development policies appropriate to the economic context (resourcefulness and resilience, employability)
  • Make students aware of the most recent empirical methods used by applied development economists so they can use this knowledge to evaluate the quality of evidence for different policies (resourcefulness and resilience)

Learning outcomes

Attributes Developed
001 Assess the impact of poverty alleviation policies in the light of modern theories of development. KCPT
002 Become aware of the fundamental difficulties hindering social mobility and long-run growth across different countries and regions. KCPT
003 Students will be able to critically approach poverty evaluation policies. KPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to: make students aware of the fundamental difficulties hindering social    mobility and long-run growth; assess the impact of poverty alleviation policies in the light of modern theories of development.

As the module develops students will be exposed to the most modern theories and debates in Development Economics, stimulating them to develop their own capacity to synthesise and critically analyze research in this field.

The learning and teaching methods include:

-Lecture: 2 hour lecture x 9 weeks

-Workshop: 2 hour workshop x 2 weeks

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: ECO3058

Other information

Surrey's Curriculum Framework is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities in the following areas: 

Global and Cultural Intelligence: The course focuses on the challenges faced by less developed economies and the unique contexts in which their economies operate.

Sustainability: A key aspect of the course is its focus on sustainable development policies and improving institutions so that all citizens can benefit from economic growth.

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Economics and Finance BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.