What is Development Economics?
The study of how economies are transformed
from stagnation to growth and from low-income
to high-income status.
Be able to identify the following countries on a global
Indonesia, Brazil, Pakistan, Bangladesh Keyna,
Sri Lanka, Peru, Venezuela, El Salvador,
Malawi, Ghana, Senegal, Sudan, Singapore,
Belarus, Tonga, Laos, Mongolia, Haiti, Egypt,
Guinea, Mauritius, Rwanda, Burkina Faso,
Guam, Brunei and United Arab Emirates
What is the purchasing power parity (PPP) and how
is it used in measuring level of economic
The purchasing power of a country’s currency:
the number of units of that currency required to
purchase the same basket of
that a U.S. dollar would buy in the United States.
What is the Human Development Index HDI and
how does it measure economic development?
An index measuring national socioeconomic
development, based on measures of life
expectancy at birth, educational attainment,
literacy, and adjusted real per capita income.
What are some advantages and disadvantages of the
- improved understanding of what
constitutes development, which countries are
succeeding, and how different groups and
regions within countries are fairing. It allows
nations to take a broader measure of their
development performance, focusing their
economic and social policies more directly on
areas in need of improvement.
- gross enrollment overstates the
amount of schooling, because in many countries
a student who begins primary school is counted
as enrolled without considering whether the
student drops out at some stage. Also, there is no
attention to the role of quality.
Be able to identify which countries are LDCs and
DCs. How do the problems of development and
poverty in LDC affect you here in California?
LDCs are countries that have a per capita GNI