Aid and Development ECON5001
- Academic Session: 2021-22
- School: Adam Smith Business School
- Credits: 20
- Level: Level 5 (SCQF level 11)
- Typically Offered: Semester 2
- Available to Visiting Students: Yes
- Available to Erasmus Students: Yes
Interest in the controversial topic of foreign aid has heightened in recent years, with some donor countries pledging to provide substantially larger amounts of aid in the coming years and others reducing their aid commitments. Aid Architecture (the structures within which aid is delivered to recipient countries) has changed considerably since the beginning of the 21st century. The literature has also developed significantly in this period. This course introduces students to key concepts, issues and debates relating to country level aid effectiveness and allocation. It also introduces students to related key developing country debt issues. Topics include: aid definition, concepts and volume; aid and the public sector; aid, poverty and welfare; aid and debt relief; and the future of aid.
One two-hour meeting per week for 10 weeks. Revision lecture is arranged on an ad-hoc basis.
■ Coursework: essay (25% of final grade for course) (individual work not group-work)
■ Examination: two-hour end-of-course examination (75% of final grade for course).
Main Assessment In: April/May
Foreign aid is a particularly controversial topic. Interest in it has heightened in recent years, with some donor countries pledging to provide substantially larger amounts of aid in the coming years and others reducing their commitments. The aim of the course is to introduce students to key concepts, issues and debates relating to country level aid effectiveness and allocation. It also aims to introduce students to the political, economic and moral rationales of why international donors provide foreign aid.
The following topics are addressed:
■ Aid definition, concepts and volumes;
■ Why is aid given;
■ The macroeconomic impact of aid;
■ Aid and policy coherence;
■ Aid effectiveness - definition and assessment;
■ Aid architecture;
■ Aid allocation and selectivity;
■ Key actors: official donors and NGOs;
■ Major controversies and the future of aid
Intended Learning Outcomes of Course
At the end of the course students should be able to:
■ Discuss the key concepts and definitions of aid;
■ Analyse trends in and global levels of aid;
■ Analyse the economic, political, commercial, and moral rationales for foreign aid;
■ Explain the relationship between aid, economic growth and development;
■ Contribute to debates over the role of aid in the contemporary world;
■ Identify the factors determining the allocation of aid among developing countries;
■ Contribute to the current debate over linking aid allocations to the quality of recipient country policy regimes;
■ Discuss the importance of donor country harmonisation, recipient country ownership and donor-recipient accountability for aid effectiveness, and;
■ Understand the direct and indirect links between policies affecting aid and its impact.
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.