• Offered by Crawford School of Public Policy
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject International and Developmental Economics
  • Areas of interest Economics
  • Academic career PGRD
  • Course convener
    • Prof Budy Resosudarmo
  • Mode of delivery In Person
  • Offered in Second Semester 2021
    See Future Offerings

This course is available for in-person and remote (online) learning.

The course deals with the principal issues of economic development, with the objective of preparing students for advanced study and policy-oriented research in this subject area.  Emphasis will be on economy-wide aspects of economic development, with special references to international dimensions of national development policy making.  The basic approach is to present the relevant theory, examine the empirical validity of alternative models and draw out their policy implications.  Major policy issues are discussed with illustrations from actual experiences in selected developing countries.  As an integral part of the course, an attempt will be made to train students to collect and interpret data on developing economies. The course is intended for students in the Master of International and Development Economics or the Master of Public Policy.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

The purpose of the course is to introduce students to the wide-ranging policy issues and theories in development economics. On satisfying the requirements for this course, students will have the knowledge and skills to critically evaluate economic problems of developing countries and to effectively participate in the contemporary policy debate on development priorities and policy reforms in these countries.  It is hoped that the course will help students in defining topics for their doctoral research.

Other Information

Course Outline

Week 1:           Economic development: concept and measurement

Week 2:           Growth, development and poverty: a historical overview

Week 3:           Economics of growth and development

Week 4:           Economics of growth and development (continued)

Week 5:           Agriculture and rural development

Week 6:           Industrialization

Week 7:           Population dynamics, employment and labour mobility

Week 8:           Domestic financing of economic development: saving and financial intermediation

Week 9:           Globalization and economic development   foreign trade

Week 10:         Globalization and economic development:  foreign direct investment and

                       multinational enterprises

Week 11:         Globalization and economic development foreign aid and commercial lending

Week 12:         Managing an open developing economy:   exchange rate and balance of payments policy

Week 13          Political economy and economic reform

Indicative Assessment

Mid-Semester Examination 25%, Review essay 25%, Final Examination 50%

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.


Students should expect to spend at least 10 hours per week relating to the course (including class time).

Prescribed Texts

Main text


Perkins, Dwight H., Steven Radelet and David L. Lindauer, Economics of Development, Seventh Edition, New York: W.W. Norton, 2013.


For the review essay


Read one of the four books listed below and write a critical review of it in the light of what you have learned in the course. 

(1)        Acemoglu, Daron and James A. Robinson (2012), Why Nations Fail: Origin of Poverty, Prosperity and Poverty, New York: Crown Publisher.

 (2)        Edwards, Sebastian , (2010), Left Behind: Latin America and the False Promise of Populism, Chicago, ILL: Chicago University Press.

 (3)        Lin, Justin (2012), The Quest for Prosperity: How Developing Countries Can Take Off, Princeton, NJ: Princeton Universty Press.

 (4)        Sachs, Jeffrey D. (2008), Common Wealth: Economics for a Crowded Planet, New York: Penguin Press.

Preliminary Reading

Selected journal articles and chapters/section of books (available as a reading brick from Student Services, Level 1, JG Crawford building. The Student Services desk is open Monday-Friday 9:00 – 5:00))


Tuition fees are for the academic year indicated at the top of the page.  

Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees

Student Contribution Band:
Unit value:
6 units

If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Where there is a unit range displayed for this course, not all unit options below may be available.

6.00 0.12500
Domestic fee paying students
Year Fee
2021 $2940
International fee paying students
Year Fee
2021 $4890
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7408 26 Jul 2021 02 Aug 2021 14 Sep 2021 29 Oct 2021 In Person View
7560 26 Jul 2021 02 Aug 2021 14 Sep 2021 29 Oct 2021 Online View

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions