NATIONAL OPEN UNIVERSITY OF NIGERIA 
          
                 DEVELOPMENT ECONOMICS II 
                                  ECO 348 
                                       
           
                          FACULTY OF SOCIAL SCIENCES 
          
          
                                COURSE GUIDE 
           
                                Course Developer: 
                             Dr. Akintunde Akinboyewa 
                              Economics Department 
                               Ondo State University  
                                       
                                       
                                  Edited By: 
                               Prof. James H. Landi 
                             Department of Economics 
                          National Open University of Nigeria 
                                       
           
                                       
                                       
                                       
           
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        CONTENT 
       Introduction 
       Course Content 
       Course Aims 
       Course Objectives 
       Working through This Course 
       Course Materials 
       Study Units 
       Textbooks and References 
       Assignment File 
       Presentation Schedule 
       Assessment 
       Tutor-Marked Assignment (TMAs) 
       Final Examination and Grading 
       Course Marking Scheme 
       Course Overview 
       How to Get the Most from This Course 
       Tutors and Tutorials 
       Summary 
        Introduction 
        Welcome to ECO: 348 DEVELOPMENT ECONOMICS II. 
        ECO  348:  DEVELOPMENT  Economics  II  is  a  three-credit  and  one-semester 
        undergraduate course for Economics student. The course is made up of Seventeen 
        units spread across fifteen lectures weeks. This course guide gives you an insight to 
        development economics and follow up/continuation to development economics I in 
        year three first semester. It tells you about the course materials and how you can work 
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        your way through these materials. It suggests some general guidelines for the amount 
        of time required of you on each unit in order to achieve the course aims and objectives 
        successfully. Answers to your tutor marked assignments (TMAs) are therein already. 
        
       Course Content 
       This course is basically on Economics Development, which is an extension to a more 
       broader discuss of what is really happening  in the economy and the players of the 
       economy.  The  topics  covered  include  Governance  and  Corruption,  Civil  Society  and 
       Development, Globalization and Poverty, Equity and well-being. 
        Course Aims 
        The aims of this course is to give you in-depth understanding of the Development 
        Economics as regards 
           Fundamental concept  and practices of Development Economics 
           To familiarize students with issue of Governance and corruption 
              
           To stimulate student’s knowledge on civil society and development 
            
           To make the students to understand what is Globalization and Poverty   
             
           To expose the students to differences between international trade and 
           international financial flow 
        
           To ensure that the students know more about the meaning of equity and well-
           being. 
           
            
        Course Objectives 
       To achieve the aims of this course, there are overall objectives which the course is out 
       to achieve though, there are set out objectives for each unit. The unit objectives are 
       included at the beginning of a unit; you should read them before you start working 
       through the unit. You may want to refer to them during your study of the unit to check 
       on your progress. You should always look at the unit objectives after completing a unit. 
       This is to assist the students in accomplishing the tasks entailed in this course. In this 
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       way,  you  can  be  sure  you  have  done  what  was  required  of  you  by  the  unit.  The 
       objectives serves as study guides, such that student could know if he is able to grab the 
       knowledge of each unit through the sets of objectives in each one. At the end of the 
       course period, the students are expected to be able to:  
           Define and understand the meaning of Good Governance and Good Policy 
           Define and understand the meaning of Corruption 
           Know the importance of civil society 
           Understand the test of Good Governance 
           Define and understand the meaning of corruption 
           Know the forms of definition of corruption 
           Understand the explanation of corruption 
           Know the measurement of corruption 
           Define and understand the meaning of macroeconomics as a field of study 
           Know the basic macroeconomics concepts 
           Know and understand the Evidence from the Global Corruption barometer (GCB) 
          on Petty bribery. 
           Understand the Evidence from the consumer price index (CPI)  
           Know and understand all the problems of corruption across the countries. 
           Understand the rationales of Public Sector activity 
           Know and Understand the meaning of Stabilization 
           Define and know the meaning of Public and Merit goods   
           Define and understand the meaning of civil society 
           Know the importance of civil society for the operation of state and market 
           Define and understand the meaning of macroeconomics as a field of study 
           Know the basic macroeconomics concepts 
           Define and understand the impetus among workforce, farmers and the community 
           Know the basic key to be turned in each case of change behaviour. 
           Define and understand the meaning and History of Globalization 
           Know the basic fundamentals of Globalization.  
           Understand the Pre first world war Globalization  
           Understand  the  second  wave  of  Globalization  and  some  other  aspect  of 
          Globalization 
           Define and understand the meaning of New Globalization 
           Know  the  differences  relationship  between  international  organization  and 
          Globalization 
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