Review%20questions-10 - Econ 171-EEP 151, Fall 2010 Review...

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1 10/12/10 Econ 171-EEP 151, Fall 2010 Alain de Janvry Review questions by chapter Updated September 23 , 2010 Chapter 1. What is development? 1. Development is a multidimensional concept. What are seven dimensions that would enter in a definition of development? How do they correspond to the Millennium Development Goals? 2. Measures of income and growth: Define GDP and PPP-adjusted GDP. In poor countries, is PPP-GDPpc larger or smaller than GDPpc measured at the nominal exchange rate? Why? How to adjust GDPpc for inflation? For a given growth rate of income, how to measure the number of years it will take for income to double? 3. Measures of basic needs and social welfare: Define the HDI. How useful is it in characterizing the state of basic needs? Define the z-scores and give an interpretation. 4. What is meant by vulnerability and by poverty traps? What is meant by risk management and risk coping? 5. What are the dimensions of development on which there is broad agreement, and the dimensions on which there is much less agreement? Explain why. Chapter 2. The state of development 1. What is the meaning of economic convergence and to what extent have we observed it in recent decades? Is there a “convergence club” and who are some of the members and non- members? 2. Discuss the global prevalence of poverty: levels and changes. Where is it located by regions and sectors of economic activity? What are the main successes and failures? What can be say about the rate of poverty and the number of poor in Sub-Saharan Africa? 3. Economies have mostly been growing for the last two decades, but what has happened to global inequality? Discuss changes in inequality in terms of countries and of households. 4. Has there been convergence in basic needs? Is there more convergence in basic needs than there is in GDPpc? Why? Chapter 3. History of development and thought in development economics Five major schools of thought in development economics are: Classical Political Economy (The British Experience), Relative Economic Backwardness (The Western Experience), Development Economics (the Asian Experience), The Washington Consensus, and The Post-Washington Consensus. 1. Place each school in its general historical context.
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This note was uploaded on 02/09/2011 for the course ECON c171 taught by Professor Alaindejanvry during the Fall '10 term at Berkeley.

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Review%20questions-10 - Econ 171-EEP 151, Fall 2010 Review...

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