Lecture 1-4 notes (Midterm1).pdf - ECO 2117 A00 Fall 2020...

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ECO 2117 A00 Fall 2020 University of Ottawa Lecture 1
Lecture 1: Introduction What is development economics? Reading: Todaro and Smith (2015), Economic Development, 12 th edition : 1.2, 1.3, 1.5
What is development economics?
What is development economics?
What is development economics?
Growth and development Income per capita The reduction or elimination of poverty, inequality and unemployment
Core values and objectives Sustenance Self-esteem
Core values and objectives Freedom
ECO 2117 A00 Fall 2020 University of Ottawa Discussion 1
Capabilities Approach (Amartya Sen) What matters for well-being goes beyond the availability and characteristics of commodities to consider their use. There is a difference between measured income and the advantages of that income. Functionings What a person can do or does with the commodities they posses. A functioning is a valued being or doing Examples: being healthy, being well-nourished. A functioning is different from having goods A functioning is different from having utility (happiness)
Capabilities Approach (Amartya Sen) Capabilities Capabilities are freedoms that people have, given their personal characteristics and control over their commodities.
ECO 2117 A00 Fall 2020 University of Ottawa Lecture 2
Comparative Economic Development Indicators of Development The New Human Development Index Diversity within Commonality Convergence Reading: Todaro and Smith (2015), Economic Development, 12 th edition : 2.2, 2.3, 2.4, 2.6, 2.8
Indicators of Development Gross National Income Purchasing Power Parity
Indicators of Development Health and Education
New Human Development Index Dimension Indexes (health, education, income)
New Human Development Index Overall Index (NHDI)
Diversity within Commonality Productivity (output per worker) Average levels of nutrition, health and education Inequality and extreme poverty Population growth rates Social divisions (fractionalization) Rural populations and urbanization
Diversity within Commonality Agriculture and industry Geography* Imperfect markets* Colonial impacts* International relations
Convergence Technology transfer Factor accumulation

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