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Unformatted text preview: ECON 314 Sept. 8 Introducing Economic Development: A Global Perspective > May need to download data and manipulate data for midterm and exam-> Librarian coming in next Thursday Optimal and efficient allocation of finite resources > Want to increase national products Development economics in its nature must study economic, social, institutional areas and how they interact with one another which affect living standards-> much more broader then traditional economic theories * Great range of Income per capita-> huge differences between developed and developing countries in terms of GDP and income per capita Ex: South Korea comparison to Zimbabwe-> huge differences between developing countries-> varies between a multitude of 100 > Less income differences between developed countries in terms of income per capita -> varies between a multitude of 3 Various definitions of development economics : (in text book-FIND)-> There are different definitions in terms of scope, values, objectives ext -> change often after...
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- Fall '11