Economics (ECON) 366

Economic Development (Revision 5)

ECON 376 course cover

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Delivery Mode: Individualized study online with eTextbook

Credits: 3

Area of Study: Social Science

Prerequisite: ECON 247 or ECON 248 or an introductory course in economics.

Precluded Course: ECON 366 may not be taken for credit if credit has already been obtained for ECON 376.

Centre: Faculty of Business

ECON 366 has a Challenge for Credit option.

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**Note: Students registering in grouped study mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.


Welcome to ECON 366: Economic Development. This three-credit, senior-level course in economics at Athabasca University can be taken as an elective for students in business, political science, international studies, and history. An introductory economics course is a prerequisite for ECON 366.

In this course, you will study the economic circumstances and development experiences of the nations in Africa, Latin America, and Asia. We will examine the likely reasons that some countries have developed more rapidly than others and the range of economic policies that have been implemented to promote the process of economic development.


ECON 366 is divided into eight units, as outlined below:

  • Unit 1: Economic Development: An Introduction and Overview
  • Unit 2: Development Ideas in Historical Perspective
  • Unit 3: Growth, Poverty, and Income Distribution
  • Unit 4: Population Growth, Urbanization, and Internal Migration
  • Unit 5: Human Capital: Education and Health in Economic Development
  • Unit 6: Agricultural Transformation and Rural Development
  • Unit 7: International Trade and Development
  • Unit 8: Capital Flows and Development


Your final grade in ECON 366 will be based on your performance on five assignments and a Final Examination. The passing grade for the Final Examination is D (50 percent). You must also achieve an overall course grade of at least D (50 percent) to pass the course. The weighting of each assessment activity is indicated in the table below.

Assignments Weight
Assignment 1 10%
Assignment 2 10%
Assignment 3 10%
Assignment 4 10%
Assignment 5 20%
Final Exam 40%
Total 100%

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

The final examination for this course must be taken online with an AU-approved exam invigilator at an approved invigilation centre. It is your responsibility to ensure your chosen invigilation centre can accommodate online exams. For a list of invigilators who can accommodate online exams, visit the Exam Invigilation Network.

Course Materials


Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Todaro, M. P., & Smith, S. C. (2015). Economic development (12th ed.). Boston: Pearson/Addison Wesley. ISBN 9780133406788

You can acquire a print version of the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

Challenge for Credit Overview

The Challenge for Credit process allows you to demonstrate that you have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university-level course.

Full information about Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the ECON 366 challenge registration, you must achieve a grade of at least 50 percent on the examination.

Online Exam (3 hours)

Undergraduate Challenge for Credit Course Registration Form

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 5, December 6, 2016.

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