Economic Growth, Finance and Development

Economic Growth, Finance and Development

Year: 2018-2019
Course code: ECON4046
Course credits: 15
Taught: Semester 1 
Course co-ordinator: Dr Sai Ding
Entry requirements: Normally admission to an honours programme in Economics.  Please note that students who have previously taken Growth, Finance and Trade in Less Developed Countries are excluded from taking this course.
Available to visiting students:Yes
Contact for more information: Gillian Weir

Course description

Why do some countries grow rich while others remain poor? This course provides an introduction to theoretical and empirical research on economic growth, finance and development. The course attempts to show the relevance of a coherent analytical framework in understanding the process of development and growth, with an emphasis on the experience of developing countries such as China. By the end of the course, students are expected to display a working knowledge of the concepts used in development economics; achieve an understanding of growth disparities among countries in the world; acquire the economic knowledge on alternative theories and models which seek to explain economic growth and development; examine the link between finance and development; and argue logically from the basis of general theoretical principles and relate these principles to empirical findings.

Learning and teaching methods

20 hours of lectures (10 x 2 hour), Friday, 11:00-13:00

Course texts

There is no single textbook that will cover the content of the lectures. Below are some of the most relevant books. A more detailed list will be distributed at the lectures.

  • Fry, M. (1995). Money, Interest and Banking in Economic Development, 2nd edition, Baltimore and London: Johns Hopkins University Press.
  • Ray, D (1998): Development Economics. Oxford University Press, Oxford. 
  • Weil, D. (2009). Economic Growth (2nd edition), Pearson-Addison Wesley.
  • Jones, C. I. (2002). An Introduction to Economic Growth (2nd edition), Norton.
  • Knight, J. and S. Ding (2012). China’s Remarkable Economic Growth, Oxford University Press.


A briefing note (30%)
A 2-hour degree exam (April/May) (70%)