DEVELOPMENT ECONOMICS COURSE OUTLINE
EXAMINING BODY: KNEC
LEVEL: Diploma
AIM/PURPOSE OF THE COURSE:
This module unit is designed to equip the trainee with knowledge skills and attitudes that will enable him/her to understand the various economic forces that influence development of society.
OBJECTIVES
By the end of this module unit, the trainee should be able to:
· understand the dynamics of development economics
· appreciate the impact of development economics on social development
· Participate in economic development activities in society.
TOPICS
Introduction to development economics
· meaning of development economics
· components of development economics
· role of development economics
Economic growth and development
- meaning of economic growth and economic development
- theories of economic growth and development
- factors influencing economic growth and development
- strategies for economic growth
Population and demography
- meaning of terms:
- population
- demography
- theories of population
- factors influencing population size and structure
- importance of population census
- effects of demography on development
- impact of population
Labour movement
- meaning of labour movement
- historical background of labour movement
- role of trade unionism
- role of employer association
- role of industrial relations
- manpower
Employment and unemployment
- meaning of unemployment
- types of employment
- types of unemployment
- measures to manage unemployment
- role of change agents in managing unemployment
Poverty and standards of living
- meaning of poverty and standards of living
- causes of poverty
- meaning of national income
Money market
- meaning of money market
- importance of money market
- impact of inflation on economic development
- role of non-banking institutions in economic development
- emerging trends in money market
Public finance
- meaning of public finance
- sources of government revenue
- purpose of taxation
- types of public expenditure
- importance of fiscal policy
- meaning of budget
Globalization and economic development
- meaning of globalization
- impact of globalization and trade
- reasons for protection
- balance of payment
- economic integration
- role of international financial institutions
Millennium development goals
- meaning of millennium development goals
- targets
- indicators
- challenges/impacts
Development planning
- meaning of development planning
- types of development plans
- challenges of development plans
- strategies of industrialization
Reference:
- Feldman, Allan M. Welfare Economics and Social Choice Theory. Martinus Nijhoff Publishing, 1980.
- Stiglitz, Joseph E. Globalization and its Discontents. W. W. Norton & Company, 2002.
- P.Todaro (1997) economic development: Princeton Canada
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