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MGEC81

Economic Development

Winter 2024

Course Description:

This is a course about the process of development. Underdevelopment means much more than low incomes, and yet a lot of the human deprivation that accompanies underdevelopment occurs in conjunction either with low incomes or with inequality. Therefore, the study of income growth and inequality reduction is at the core of this course, although economic development is understood to be defined very broadly, and philosophically. Fundamentally, the course is a study of the economic structure and processes of developing countries, and some of the topics covered include economic growth, poverty, inequality, population growth, education, and health.

Organization of the Course:

All of the course material is delivered in asynchronous (online, recorded) lectures. The two synchronous components of the course are: 1) The first, short introduction lecture at 2:10 p.m. on Thursday, January 11th, and 2) the midterm and final exams.

Prerequisite(s):

MGEB01H3 or MGEB02H3 (Intermediate Micro)

Textbook/Required Course Materials:

Todaro, Michael P. and Stephen C. Smith. Economic Development, 12th ed. Boston: Addison-Wesley, 2015.

Other reading materials may be provided over the course of the term. Every effort will be made to Provide them online at the course’s Quercus/Canvas website.

Lecture Notes and Other Announcements:

Important Dates:

Midterm Exam:       Online – February 15 during lecture period (2:00 p.m. – 4:00 p.m.)

Drop date:              March 25, 2024

Final Exam              TBD – online, held in final exam period.

Evaluation and Grading:

The marks for this course will be calculated from the evaluation of a midterm test (40%) and a final examination (50%), as well as a short paper (10%). However, the midterm test will count toward your final grade only if your grade on the midterm is greater than your grade on the final exam. This allows you to be informed of your progress, but not have a poor grade count against you if your performance subsequently improves. If you miss the mid-term exam, its entire weight will be transferred to the final exam (the final exam will then be worth 90% of your final mark). The final exam will be held during the final examination period. The final examination covers the material from the entire course.

If you believe a clear error has been made in grading the midterm, you must submit a written request for re-grade to the instructor within one week from when the exam was returned. Only a clear error will change a grade. Points may be reduced if an error in the student’s favour is found.

Short Paper:

All courses in the Department of Management (including Economics courses) are required to include a writing component that is worth at least 10% of the overall mark in the course. In order to fulfill this requirement, there will be a short paper that must be submitted on or before Thursday, April 4th at 3 p.m.. This paper will help to review the material covered in the course in preparation for the final exam. Instructions for this short paper will be provided in March.

Policy on Missed Assignments/Examinations:

If you miss the mid-term exam, its entire weight will be transferred to the final exam.

Statement on Equity, Diversity, and Inclusion (EDI)

The University of Toronto is committed to equity, human rights and respect for diversity. All members of the learning environment in this course should strive to create an atmosphere of mutual respect where all members of our community can express themselves, engage with each other, and respect one another’s differences. U of T does not condone discrimination or harassment against any persons or communities.

If you have questions or concerns on issues related to EDI, please contact the Equity, Diversity and Inclusion Office: https://www.utsc.utoronto.ca/edio/

Academic Support

Questions relating to administrative, registration, degree/program requirements should be directed to the academic advising team:

Management programs/courses: [email protected].

Economics programs/courses: [email protected].

UTSC Library:

Management students can access library services at The BRIDGE, located in IC 108. The BRIDGE offers programs and services to support students, staff, and faculty in their studies, research projects, and experiential learning initiatives. https://www.utsc.utoronto.ca/thebridge/

Visit The BRIDGE to:

• Access the finance & data lab, including specialized software and Bloomberg terminals

• Participate in events and competitions

• Get research and data analytics help

• Access data and academic research tools and tutorials

• Get support in entrepreneurship and the New Venture Program

• Learn more about Work Integrated Learning

To find out more about the UTSC Library’s support for students visit: https://utsc.library.utoronto.ca/

For all other inquiries, please email [email protected] or email your Liaison Librarian,

Mariana Jardim [email protected]

Health & Wellness Centre:

The Health & Wellness Centre provides professional and confidential medical, nursing, counselling, health promotion, and education services to all UTSC students. These services are offered in a safe, caring, respectful, and empowering environment that is directed toward optimizing your personal, academic, and overall wellbeing.. To access these services, please use the following url: https://www.utsc.utoronto.ca/hwc/ and when visiting the Health & Wellness Centre, please bring a valid T-card and Health card.

Academic Advising and Career Centre:

The Academic Advising and Career Centre (AA&CC) at UTSC integrates developmental advising, learning/study skills, career counselling, and employment coaching. To reach out to them please use the following url: https://www.utsc.utoronto.ca/aacc/

Quercus – UTSC Learning Management System

To access Quercus, please visit: https://q.utoronto.ca

If you need help getting started? Visit the Quercus Help Page to access tip-sheets and other helpful resources.

For additional questions, contact the Ed Tech team at [email protected].

For frequently asked questions, please visit: https://www.utsc.utoronto.ca/technology/faq-students

AccessAbility Services

The University provides academic accommodations for students with disabilities in accordance with the terms of the Ontario Human Rights Code. This occurs through a collaborative process that acknowledges a collective obligation to develop an accessible learning environment that both meets the needs of students and preserves the essential academic requirements of the University’s courses and programs.

Students with diverse learning styles and needs are welcome in this course. If you have a disability that may require accommodations, please feel free to approach me and/or the Accessibility Services office.

https://www.utsc.utoronto.ca/ability/welcome-accessability-services