Putting it all together:
Session 1: Understanding of the development (drivers) of economic growth over time, inequalities
within and between countries, costs on the environment, that economic institutions matter, but that
context (and politics) matter as well.
Session 2: Developing tools to assess the macroeconomic environment and policies of a country.
Considering economic growth, but also realising its challenges and costs.
Session 3: Assessing a country’s growth and development from a theoretical framework (growth and
development theories) and understanding the underlying drivers of growth and development / sosioeconomic prosperity.
Session 4: Understanding monetary policy transmissions and frameworks as well the balancing
challenges of inflation, unemployment and growth in a developing country context.
Session 5: Understanding how government can react over the short-term (shocks), how it should
approach its development strategy over the longer term (supply-side policies) and how different
economic models (or schools of thought) think about the role of the government in its development
strategy. Also understanding debt, interest rates and confidence in the role of the government’s
development strategies.
Session 6: Understanding and assessing the policies and influence of global organisations on the
development of developing / poor countries, especially in a globalised world. Underscoring growth
and challenges of debt again.
Session 7: How does a country grow? Considering macroeconomic policies and the drivers of growth
and development, what must change? What are the constraints? Understanding the structural
reforms required to address underlying challenges or problems in the economy (microeconomic
competitiveness). Assessing South Africa’s economic and social development and reforms.
Cases – illustrate the above, highlight different economic models (schools of thought), challenges,
lessons and different contexts. Integrating and comparing are important.
Textbook – provides a base for understanding how everything fits together (including terminology) as
well as how to think about a country’s economic policies from various schools of thought.
Slides – provide content, structure and additional readings.