Enrolment options

MNGT-E1002 - Market-based Development in the Global South, Lecture, 5.9.2023-19.10.2023

Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

Core learning outcomes:

  • Understanding different views about the causes of poverty
  • Understanding the concept of market-based development, including the most common approaches
  • Recognizing when market-based development approaches may be appropriate, and how market-based development supplements other development approaches
  • Develop critical thinking skills to assess how well an intervention is embedded in the local context
  • Understanding the need for multi-stakeholder partnerships in market-based development, and how to assemble and manage these partnerships
  • Critically assessing the ethics involved in market-based development, especially the impact of unequal power balances

Credits: 6

Schedule: 05.09.2023 - 19.10.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Patrick Shulist, Sara Lindeman

Contact information for the course (applies in this implementation):

sara.lindeman@aalto.fi  (primary instructor)


patrick.shulist@aalto.fi (usual instructor, but on paternity leave)

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    The course introduces the concept of market-based development as it is broadly undertaken in sub-Saharan Africa, South Asia, Latin America, and other developing contexts; collectively, the Global South. Market-based development does not offer a panacea for poverty-alleviation, but rather offers a powerful set of tools that work in some situations. As such, we will discuss when market-based approaches, such as microfinance, value-chain development, entrepreneurial training, and last-mile provisions, are appropriate and effective. Moreover, we will help students understand how to effectively structure interventions by focusing on three key pillars:

    • Context: interventions must be appropriately tailored to the specific political, institutional, scarcity, and historical contexts.
    • Partnerships: given the complexity of market-based development, partnerships involving different NGOs, businesses, and government entities are critical.
    • Ethics: it is imperative to understand the fundamental power imbalances at play, as well as the importance of not presupposing that outsiders (especially Europeans versed in a different institutional context) know what is best for local communities.

    To help us understand the complexities and nuances of all of these topics, the course will have a number of guest speakers who represent a cross-section of the actors involved in market-based development. Moreover, students will have the opportunity to integrate this learning by undertaking a final group-based project focused on providing solutions to the challenges encountered in real-world market-based development interventions.

  • applies in this implementation

    See full syllabus: Detailed syllabus

Assessment Methods and Criteria

  • valid for whole curriculum period:

    Individual and group work

    Exam

  • applies in this implementation

    Component

    Percent of Final Grade

    Due Date

    Individual Work

    65%

     

    Pre-session assignments

    20% (10x2%)

    Due before start of sessions at 09:30

    Exam

    45%

    October 19, 13:00-16:00

    Exam retake on December 12

     

     

     

    Group work

    35%

     

    Create Group

     

    Thursday, September 14th

    Group contract

     

    Tuesday, September 19th

    Context Report

    20%

    Friday, September 29th

    Presentation

    15%

    In class, sessions 8-11

    Peer evaluation

     

    Saturday, October 21st


Workload

  • applies in this implementation

    Note: as a 6ECTS course, this course technically has 162 hours of time allotted to it (1ECTS=27 hours of work)

    Estimate of overall working time, giving generous buffers: 110 hours, or roughly 15.5 hours of work per week for this 7 week course. See below for calculations.

    The difference between the ECTS time (162 hours) and my estimate (110 hours) leaves ample room for people to explore the topic further, or in case they find that the course takes more time than average.


    Individual work

    12 sessions, approximately 2 hours of class time each = 24 hours

    10 sessions with pre-session readings/assignment, average of 2.5 hours each = 25 hours  

    (note: the pre-session times range from 1.5-3 hours, with sessions 1-5 being the longest.  I front loaded the session workload to give more time for assignments and exam prep at the end of the period)

    Exam preparation = 20 hours (maximum)

    Exam = 3 hours

    Total: 72 hours


    Group work

    Group report: 20 hours

    Group presentation: 15 hours

    Miscellaneous (finding a group, coordination, group contract, etc.) = 3 hours


    Total: 37 hours


    Total:

DETAILS

Study Material
Substitutes for Courses
Prerequisites

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Autumn I
    2023-2024 Autumn I

    Enrollment :

    Students are admitted to the course in the following priority order: 1) Management and International Business / Creative Sustainability students, 2) Exchange / CEMS students, 3) Other students.

  • applies in this implementation

    See full syllabus: Detailed syllabus

Details on the schedule

  • applies in this implementation

    Session #

    Date

    Day of week

    Room

    Topic

    1

    5-Sep

    Tuesday

    U006 (ground floor Biz)

    Using markets to address community needs

    2

    8-Sep

    Friday

    T004 (ground floor Biz)

    NGOs and market-based development

    3

    12-Sep

    Tuesday

    U006 (ground floor Biz)

    What is development? And what is the Global South?

    4

    14-Sep

    Thursday

    U006 (ground floor Biz)

    Traditional (non-market) approaches to development

    5

    19-Sep

    Tuesday

    U006 (ground floor Biz)

    What is market-based development?

    6

    21-Sep

    Thursday

    M202 (2nd floor Väre)

    Overview of the main approaches to market-based development

    7

    26-Sep

    Tuesday

    U006 (ground floor Biz)

    Entrepreneurship as a means of development

    8

    28-Sep

    Thursday

    U006 (ground floor Biz)

    Supporting market-based activity through developing financial infrastructure

    9

    3-Oct

    Tuesday

    U006 (ground floor Biz)

    Presentations

    10

    5-Oct

    Thursday

    U006 (ground floor Biz)

    Presentations

    11

    10-Oct

    Tuesday

    U006 (ground floor Biz)

    Market-based development in rural settings

    12

    12-Oct

    Thursday

    U006 (ground floor Biz)

    Monitoring and Evaluation

    Exam

    19-Oct

    Thursday

    U157 U2 (Otakaari 1)

    Exam: 13:00-16:00


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