Studying development economics abroad

What is development economics?

Development economics is the study of how economies grow and improve the living standards of people, particularly in low- and middle-income countries. It explores the factors that influence economic development, including poverty, inequality, education, health, and governance. Students examine policies and programmes designed to promote sustainable growth and reduce social and economic disparities.

This field combines knowledge from economics, political science, sociology, and statistics. As a development economics student, you will analyse data, evaluate policies, and study how governments, international organisations, and communities can encourage economic progress. Your studies may involve classroom learning, computer-based modelling, and field research in urban and rural settings.

Why study development economics abroad?

Studying development economics in another country provides the opportunity to observe different economic systems and development strategies in practice. You could visit regions with rapid industrial growth, analyse rural development projects, or study international aid programmes. These experiences offer a practical understanding of development issues that goes beyond theory.

Learning in a global context helps you understand how culture, governance, and global markets affect economic growth. You will also gain skills in international collaboration and build networks with researchers, policymakers, and development organisations.

What you will study

Development economics degrees often combine theory with applied research. Key areas of study can include:

• Economic Development Theories – exploring approaches to growth, inequality, and poverty reduction.
• International Trade and Investment – understanding the role of trade, foreign aid, and investment in development.
• Labour and Human Capital – analysing education, health, and workforce participation in economic growth.
• Public Policy and Governance – studying the impact of government policies and institutions on development.
• Econometrics and Data Analysis – using statistical techniques to evaluate development programmes.
• Sustainable Development – examining environmental, social, and economic sustainability in policy-making.

Many courses also include field visits, internships with NGOs, international agencies, or government departments, and opportunities for research projects.

Related subjects you might also like

• International Relations
• Political Economy
• Public Policy
• Social Policy
• Environmental Economics

Accreditation

At undergraduate level, you may graduate with a Bachelor of Science (BSc) or Bachelor of Arts (BA) in Development Economics, Economics, or a related field such as International Development.

At postgraduate level, options include a Master of Science (MSc) or Master of Research (MRes) in Development Economics, Economic Policy, or Sustainable Development. Specialisations may focus on areas such as poverty reduction, financial inclusion, or environmental development. A PhD is usually needed for advanced research or academic careers.

In some countries, professional accreditation is available for development economists or policy advisors through recognised industry bodies.

Careers

A degree in development economics can lead to careers in research, policy, international organisations, and NGOs. Graduates may work as development analysts, policy advisors, or project managers, focusing on improving economic opportunities and social welfare.

Others find roles in government ministries, international agencies, and financial institutions, helping to design programmes that reduce poverty and support sustainable growth. Development economists can also work in monitoring and evaluation, impact assessment, and consultancy.

Research positions are available in universities, think tanks, and development organisations. Beyond these roles, graduates may become educators, policy consultants, or analysts in global institutions. The knowledge and skills you gain are in high demand worldwide, giving you the chance to contribute to meaningful economic and social change.