WEEK 01 (Lecture outline)

WEEK 01 (Lecture outline) - DEVELOPMENT ECONOMICS ECOS 3002...

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DEVELOPMENT ECONOMICS ECOS 3002 Second Semester, 2010 Week 1: Introduction Economies as Social Systems: The need to go beyond Simple Economics Social Systems Interdependent relationships between economic and non- economic factors Importance of institutional and structural variables The importance of Development Economics Inclusion of non-economic variables in designing development strategies Shares of Global Income (Figure 2.4) (Figure 1.1) How the Other Half Live (Box 1.1) What Do We Mean by Development? Traditional economic measures New view of Development Sen’s “Capabilities” Approach
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Three core values of Development The central role of women The three objectives of Development (Table 1.1) Defining the Developing World World Bank Scheme ranks countries on GNP/capita LIC, LMC, UMC, OECD (Table 2.1) (Figure 2.1) A Common Structural & Institutional Feature of Developing
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WEEK 01 (Lecture outline) - DEVELOPMENT ECONOMICS ECOS 3002...

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