Module Identifier ECM1410  
Academic Year 2004/2005  
Co-ordinator Mr Nicholas Perdikis  
Semester Semester 2  
Course delivery Lecture   12 Hours  
  Seminars / Tutorials   5 Hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment 2000 written assessment20%
Supplementary Assessment Resit or resubmit failed element(s)100%

Learning outcomes

On successful completion of this module students should be able to:


To provide students with subject skills, ie, macro and micro economic and financial analysis and transferable skills, eg, communication skills, research skills etc.

Brief description

The course will start by looking at financial institutions and markets in LDCs and then proceed to look at the relationship between finance and growth, the determinants of savings and financial repression and liberalisation in developing countries. It then will consider the impact of positive financial flows, such as foreign aid and negative financial flows such as capital flight. The course then considers the causes and consequences of the debt crisis in mid 1980s and the financial crisis of the 1990s in Asia and Latin America. Government budget deficits are often the cause of such crisis but it will be demonstrated that, especially in the case of the Asian crisis, it was not the culprit. Finally the course considers the informal credit markets and the macroeconomic impact of informal financial markets.


Financial institutions and markets in LDC's
Finance and economic growth
Savings and financial regression
Foreign aid
Capital flight
Debt crises
Informal markets

Transferable skills

More specifically by taking this module students will enhance several transferable skills. Attendance at lectures should help note taking. Essay writing will enhance writing as well as time management skills and problem solving. The debates should also enhance teamwork, communiction and presentational skills and reinforce further time management skills. The inclusion of web sites and encouragement to use the library fully should help to enhance basic IT and research skills.

Reading Lists

P J Moneal, P R Agenor and N Ul Haque (1993) Informal Markets in Developing Countries Blackwell
M F Fry (1995) Money, Interest and Banking in Economic Development John Hopkins University Press
V Murinde (1996) Development Banking and Finance Avebury
D Rey (1998) Development Economics Princeton University Press


This module is at CQFW Level 7