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Studiegids

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Economy: Latin America

Vak
2020-2021

Admission requirements

This course is only available for students in the BA International Studies programme.
Limited places are also open for exchange students.
Please note: this course takes place in The Hague. Traveling between University buildings from Leiden to The Hague may take about 45 minutes.

Description

Economy: Latin America gives students a foundation in economic development as it occurs in the Latin American region. The course focusses on a set of features which Latin American countries share as a basis for understanding the direction in which their economies have evolved, attentive to the nuances and differences that result from the region’s diversity and help to illustrate in which ways the area relates with the world economy.

The course is split into two blocks. Block one traces the macroeconomic features of the region as a whole, starting with the different phases of development, e.g. export-led growth, state-led industrialisation, that have delineated the path of the area since the early twentieth century, before moving on to examine the state of finance, welfare and employment in the region. Block two introduces students to issues of contemporary development in the area, e.g. extractivism, and discusses some of the long-term challenges, e.g. inequality and informalisation. Lectures favour the use of country and historical cases to challenge consolidated assumptions and interpretations and thus to explain the complexity of economic phenomena. Economy: Latin America gives students a foundation in economic development as it occurs in the Latin American region. The course focusses on a set of features which Latin American countries share as a basis for understanding the direction in which their economies have evolved, attentive to the nuances and differences that result from the region’s diversity and help to illustrate in which ways the area relates with the world economy.

The course is split into two blocks. Block one traces the macroeconomic features of the region as a whole, starting with the different phases of development, e.g. export-led growth, state-led industrialisation, that have delineated the path of the area since the early twentieth century, before moving on to examine the state of finance, welfare and employment in the region. Block two introduces students to issues of contemporary development in the area, e.g. extractivism, and discusses some of the long-term challenges, e.g. inequality and informalisation.

Lectures favour the use of country and historical cases to challenge consolidated assumptions and interpretations and thus to explain the complexity of economic phenomena through a plurality of perspectives.

Course objectives

By the end of the course, students will have acquired an overview of the historical and contemporary economic developments and political economy dynamics in their chosen area and deepen their existing knowledge and understanding of different economic systems, economic institutions, economic processes and actors in the different countries of the region, using the concepts acquired during the courses Principles of Economics and Foundations of Political Economy.

Students will also be acquainted with academic debates on selected topics in the specific region. They will be introduced to key concepts e.g. terms of trade, trade balance, that can provide an interpretive view of economic development in the region, reflecting on the changing theoretical perspectives.

By tracing different approaches to economic development in the region, the course aims at providing students with sufficient theoretical tools to understand and situate ways of thinking about development in historically specific configurations, assessing the resulting economic performance but also its social consequences and its political drivers.

After the course, students will have developed:

  • Knowledge and understanding of the most important classic and contemporary theories in the field of economics and political economy necessary for the understanding of the global economy;

  • Knowledge and understanding of key concepts and concept structures in the field of economics and political economy necessary for the understanding of the global economy;

  • Basic knowledge and understanding of methods in the field of economics and political economy relevant to the understanding of the global economy;

  • A further knowledge and understanding of relevant methods in the field of economics and political economy;

  • Knowledge and understanding of the position of Latin America in the world from a global perspective;

  • Knowledge and understanding of the economic developments in Latin America from a global perspective;

  • In-depth knowledge of the political economy of finance, trade, industrialisation, welfare and natural resources in its global context.

Timetable

The timetable is available on the BA International Studies website.

Mode of instruction

Lectures

Lectures are held every week, with the exception of the midterm exam week. Weekly lectures will cover issues both inside and outside the readings.

Tutorials

Tutorials are held once every three weeks, with the exception of the midterm exam week. Attending all tutorial sessions is compulsory. With online education, it is more important than ever to maintain communication and stay in touch with your study groups. For this reason, if you are unable to attend a session, it is required that you inform your tutor in advance. Please note that being absent at any tutorial session may have a negative impact on the grade of the assignment due for that particular tutorial session. This is at the discretion of the tutor.

Assessment method

Assessment

  • Midterm Exam:

Written examination with short open questions and (up to) 50% multiple choice questions.

  • Final Exam:

    Written examination with short open questions and (up to) 50% multiple choice questions.

Weighing

Partial grade Weighing
Tutorials 30%
Midterm Exam 30%
Final Exam 40%

End Grade

To successfully complete the course, please take note of the following:

  • The end grade of the course is established by determining the weighted average of Tutorial grade, Midterm Exam grade, and Final Exam grade.

  • The weighted average of the Midterm Exam grade and the Final Exam grade needs to be 5.5 or higher.

  • This means that failing Exam grades cannot be compensated with a high Tutorial grade.

Resit

If the end grade is insufficient (lower than a 6.0), or the weighted average of Midterm- and Final Exams is lower than 5.5, there is a possibility of retaking the full 70% of the exam material, replacing both the earlier Midterm- and Final Exam grades. No resit for the tutorial is possible.
Please note that if the Resit Exam grade is lower than 5.5, you will not pass the course, regardless of the tutorial grade.

Retaking a passing grade

Please consult the Course and Examination Regulations 2020 – 2021.

Exam review and feedback

How and when an exam review will take place will be disclosed together with the publication of the exam results at the latest. If a student requests a review within 30 days after publication of the exam results, an exam review will have to be organised.

Reading list

The required readings that will accompany the lectures and tutorials, are available in the Leiden University Catalogue (online database), and will be announced on Brightspace.

Indicative reading for the course: Bértola, Luis., and José Antonio. Ocampo. Economic Development of Latin America Since Independence. Initiative for Policy Dialogue. Oxford: OUP Oxford, 2012.

Registration

  • Enrolment through uSis for Tutorials and Lectures is mandatory.

  • Students will be enrolled for Exams by the Administration Office, as long as they have a valid Tutorial enrolment.

  • General information about uSis is available on the website.

Contact

Dr. M.G. Palacio Ludeña

When contacting lecturers or tutors, please include your full name, student number, and tutorial group number.
Please use your University email-address (uMail) when communicating with any person or department within Leiden University.

Student Affairs Office for BA International Studies

Remarks

None.