International Economic Development Exam 1 Review - ECS 3013...

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ECS 3013 International Economic DevelopmentSpring 2013Exam 1 Review – Cps 1 – 4Cp 11. Provide a definition of development economics.See the section in Chapter 1 entitled, “The Nature of Development Economics,” onpages 7–8 for some ideas about how you should answer this question.2. In defining development to include more than just the growth of per capita income, there is an implicitassumption that the growth of per capita income alone is not sufficient to guarantee the reduction ofpoverty and the growth of self-esteem. Is it possible that there could be growth ofper capita income without the achievement of these other objectives?
3. In what way is development economics greater in scope than traditional economics?
4. How is happiness related to development?

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Chapter 20 / Exercise 2
Principles of Economics
Mankiw
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Chapter 20 / Exercise 2
Principles of Economics
Mankiw
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