Diploma Program in Development Economics

The Diploma Program in Development Economics

 

1. 1. Rationale

Formulating sound, replicable and effective economic development policies remains an important ingredient for sustained and inclusive economic growth. As an encompassing field of economics, economic development is concerned with the impact of policies and programs on the country’s productive potential, human resource development, resource allocation, quality of life and sectoral growth, to name a few.

The Diploma Program in Development Economics provides a way to emphasize key economic principles and ideas that are primarily designed to appeal to those who engage in and are largely familiar with economic and developmental policies. Introducing a revitalized curriculum at this time gives the School of Economics the opportunity to infuse new theories and techniques and articulate key issues and problems affecting the country’s state of economic development. The revitalized curriculum is expected to strengthen the students’ analytical and communication skills.

1. 1. Summary of Number of Units

Distributed over a period of three trimesters, the 27-unit requirement encapsulates key mathematical preliminaries that are deemed necessary to meet the minimum mathematical skills needed to understand and construct reasonable frameworks for economic analysis. It also brings to the fore economic development paradigms that are intricately linked with macroeconomic and microeconomic issues.

Below is the distribution of courses, by trimester.

 

First Trimester
Courses	Units
ECO505DE – Mathematical Economics	3
ECO506DE – Economic Statistics	3
ECO605DE – Seminar on Development Policy Research	3
Second Trimester
Courses	Units
ECO507DE – Microeconomics: Consumer & Firm Theory	3
ECO508DE – Macroeconomics	3
ECO606DE – Applied Econometrics	3
Third Trimester
Courses	Units
ECO607DE – Time Series Econometrics	3
ECO608DE – Development Issues in Microeconomics	3
ECO609DE – Development Issues in Macroeconomics	3

 

1. 1. Program Description

The Diploma in Economic Development program is designed to equip students with the skills and technical knowledge relevant for understanding the role of economics in economic development. The curriculum includes foundational courses that are expected to enhance the student’s mathematical ability and economics courses that focus on fundamental and advanced concepts that enable students to appreciate development issues.