MBA509 Economic Development

for S1P 2013

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


MBA 509 Economic Development


S1P 2013 MB


Nordgren, Lee


Assistant Professor of Management


D.Sc., Management, Privredna Akademija, Fakultet za Menadzment, Serbia
M.B.A., Harvard University, Boston, MA
M.Ed., Higher Education Administration, University of North Carolina, Greensboro

Office Location

Norrington 203

Office Hours

Tu 7:30-8:30am, 1-2, 4:00-6:00pm; Th 8-9am, 1-2pm, & by appointment

Daytime Phone



Semester Dates

January 14, 2013, to March 10, 2013

Class Days


Class Time

4:00- 6:15 PM


EC141, EC142

Credit Hours



Weil, David N. (2013) Economic Growth 3/E Pearson. Upper Saddle River, NJ: Pearson. ISBN-10: 0321795733 | ISBN-13: 9780321795731

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Stiglitz, Joseph E. (2003) Globalization and Its Discontents. New York: Norton. ISBN 0393051242

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Course Description:
MBA 509 Economic Development: This course focues on the study of the theoretical background and applied aspects of economic growth in both developing and developed countries. The course looks at how and why growth was fostered of stymied by domestic and/or international governmental policies. Prerequisites: EC141 and EC142 or equivalent approved by Program Director. (Formerly EC509)

Educational Philosophy:
The field of business management requires analysis, research, critical thinking, problem solving, and active oral and written communication. It also requires the ability to make diversity a competitive advantage. My educational philosophy incorporates a balance of the above and was heavily influenced by experience with the case method at Harvard, my professional work in leading organizations, and my decade abroad, mainly in rapidly changing environments. You should find me flexible but challenging, as I strive to bring out your greatest potential for your future.

Learning Outcomes:
  Core Learning Outcomes

  1. Demonstrate sufficient knowledge about the indicators of economic development.
  2. Evaluate the world regions according to their levels of economic development.
  3. Demonstrate an improved understanding across the breath of the literature, theories, and debates in economic development in Third World as well as in developed countries.
  4. Demonstrate the core theoretical ideas and principles in economic growth and development.
  5. Explain the ways in which the analytical techniques are applied in a variety of economic growth and development related issues.
  6. Sufficient knowledge in the research of economic development.

Core Assessment:

Class Assessment:

This course is given in independent-study format requiring extra preparation by the student to offset reduced faculty-contact time. Core learning outcomes will be assessed through weekly oral recitation and discussion, three critical essays, and a comprehensive final examination. As part of the above mentioned assessments, the student will be expected to use publicly available data from World Bank, The U.S. Government, and other official sources of economic indicators.
All Park University courses must include a core assessment that measures the course's Core Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities.  

For this course, the core assessment is a Comprehensive Final Examination.  This exam is worth 30 percent of the student's final grade and will test students' mastery of the Core Learning Outcomes (as listed on this syllabus) through definitions, essay, and/or multiple choice questions. 

 This core assessment is a CLOSED BOOK, CLOSED NOTES comprehensive examination that must be administered and proctored in the classroom and may not be given as a take-home examination. Students should not have access to the exam or its questions before it is administered. The duration of the exam can be no longer than two hours. 

 No calculators, computers, or materials other than a writing instrument may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam. 


Weekly Discussions (18 Week 1; 22 Weeks 2-7)
Essay - Week 5
Essay - Week 6
Essay - Week 7
Comprehensive Final Examination (March 7)

Weekly discussions are guided by the faculty member, with the student doing most of the talking based on thoughtful reading of the assignments and additional research into relevant references. The points will be earned for demonstrating preparation and understanding of the assigned materials.
Each essay should cover the topic for the week (Weeks  5, 6, and 7) from the schedule below, using material from the assigned readings, extended with critical thinking and additional relevant, scholarly resources. Proper mechanics are required (English, APA Style, spell/grammar checked) as well as scholarly logic and original thinking. Write enough to cover the topic (2-5 pages should be sufficient). A good paper usually requires at least one edit beyond the original draft.
Comprehensive final exam will be essay, short answer, and multiple choice. The multiple choice will be mainly to check the vocabulary of economic development. All assigned material should be studied, with most emphasis on the core learning outcomes.

90% - 100%


80 -   89.9


70 - 79.9


60 - 69.9


59.9 and below


Late Submission of Course Materials:

       There is no makeup for class participation points. No exceptions for any reason. 
       There is no option for a make-up final exam. It must be taken at the required time. Please plan accordingly
       It is in your best interest to keep current with your work. I recommend working ahead to prevent problems in case of unexpected health or computer problems. There are no excused late submissions. All work submitted after the BEGINNING of the class in which it is due will be penalized. It is your choice whether the reason you are late is worth the penalty. The late penalty is 20% of the possible points per 24-hour period if the work is submitted after the class beginning but before the ending of the class in which it was due. Otherwise, late work will not be accepted.

Classroom Rules of Conduct:
An independent study is a privileged opportunity to be mentored by a faculty member. It is expected that you will be, and have the behavior of, a serious graduate student. This includes punctuality and preparation. Class meetings will be for you to discuss what you have learned in your independent studying during the week.

Course Topic/Dates/Assignments:

Week Textbook Chapters  Work Due
(Reading = basic daily requirement)
Week 1 Introduction & Requirements Get and explore your textbook
Jan 17 Discuss overview of course and research Post research proposal for Fulbright
Jan 21 Monday MKL Day  Monday MLK Day
Week 2 Discuss Chapters 1 & 2 - Economic Growth and measurement, including PPP

Ch 1 Overview, terms, measurement                         

Discuss research goals

Jan 24
Week3          Jan 31 Ch 13 - Income Inequality Discuss income inequality. Find economic statistics from US Government, World Bank.
Week4                          Feb 7 Ch 14 - Culture and Economic Growth Discuss the effect of culture on economic growth. Identify a topic for Student Research and Creative Arts Symposium, April 8-11.
Week 5 Chapters 3, 4, 5, 6-Physical and Human Capital                                        Essay comparing key lessons in Chapters 1, 2, 3, 4, 5, 6, 13, & 14. Relate to your research. Discuss economic development indicators; how analytical techniques are applied to economic development. Highlight core theoretical ideas and principles in economic development;
Feb 14
Week6              Feb 21 Ch 7, 8, 9, 10, 11, 12, 15, 16, 17 - Productivity, Technology, Efficiency, Openness, Government, Natural Resources Essay comparing key lessons in Chapters 1, 2, 3, 4, 5, 6, 13, & 14. Relate to your research. Compare world regions by levels of economic development. Citing theories, literature, and research, address debates in economic development in Third World and in developed countries.

Week7             Feb28 Globalization and Its Discontents (Stiglitz, 2003) Write a critical analysis of Stiglitz' ideas about economic development, integrating concepts from Weil's book and relating your conclusions to your planned research of Vietnamese enclaves.
Week8 Mar 7 Final Exam Comprehensive Final Exam                                                

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2012-2013 Graduate Catalog Page 21-22


Plagiarism is the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2012-2013 Graduate Catalog Page 21

Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:2/6/2013 6:29:06 AM