1-Introduction Dev econ.pptx - DEVELOPMENT ECONOMICS Sharifah Muhairah Shahabudin Development Economics Development in its widest sense includes

1-Introduction Dev econ.pptx - DEVELOPMENT ECONOMICS...

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DEVELOPMENT ECONOMICS Sharifah Muhairah Shahabudin
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Development Economics Development in its widest sense includes material, non-material and sustainability features associated with the wellbeing of humans. Economic development focuses on economies that have low per capita incomes Economic development is largely measured quantitatively, though contestations have cropped up from time to time.
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Development Economics Initiatives to include non-material components to development have so far received no consensus because of measurement problems. An example is the use of Gross National Happiness to assess development. In this course we examine the meaning and components of development, and the theories that have evolved to explain their outcomes critically. Basic Models: Keynesian Theory, Solow Model, Big Push Model, Dependency Model
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Development Consideration “Economics cannot be value free” many economic models are based on an implicit assumptions that human behaviour and economic relationships have little connection (one must deal with human dilemmas of hunger, poverty and ill health 4
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  • Fall '17
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