EC4432 Development and Finance

Academic year

2024 to 2025 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 10

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

Available to General Degree students with the permission of the Honours Adviser

Planned timetable

When confirmed, check online https://timetables.st-andrews.ac.uk/.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr V Saxena

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Vibhor Saxena

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module will provide you with understanding of specific aspects of development finance, recognising that finance-related issues are increasingly important in economic development. The module is designed to introduce you to advances in both the theoretical and the empirical understanding of financial issues mainly in developing countries. This will include an examination of the starting point as well as the path to financial integration with the international economy, and will address a selection of the major issues surrounding developing markets. In the context of economic development and emerging markets, we will mainly study topics of financial repression and liberalisation; financial development; fragility and crises; microfinance; financial aid and economic development; and religion and finance.

Relationship to other modules

Pre-requisites

PERMISSION OF THE ECONOMICS HONOURS ADVISER

Assessment pattern

2-hour Written Examination = 60%, Coursework = 40%

Re-assessment

2-hour written examination = 100%

Learning and teaching methods and delivery

Weekly contact

2 hours of lectures (x10 weeks), 1-hour tutorial (x 5 weeks).

Scheduled learning hours

25

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

175

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • The module provides students with a systematic understanding of approaches to international and economic development
  • Be familiar with the concept of financial liberalisation and its effect on economic development.
  • Be familiar with the practical applications of quantitative methods (IV, 2SLS, Panel Data).
  • Understand the role of microfinance in developing countries.