Economic Development
(Complete Item Description)
- Abstract:
The phrase 'economic development' generally refers not only to economic growth, but to changes in the ways in which goods and services are produced in a country as well as improvements in inhabitants' quality of life. Theories of economic development attempt to explain the social, political, and economic processes that countries go through as they transition from being what are known as 'Less Developed Countries' (LDCs) to being 'Developed Countries' (DCs). In this course, the student will discover how various theories explain development success and failure in the real world. Upon completion of this course, students will be able to: Define economic development and its components; Describe major theories of economic development; Understand some simple economic models related to economic development and economic growth, including the Solow Growth model and its extensions; Place economic development theories in the social and political context in which they were created; Critically examine economic development theories in light of a history of poor performance in development programs. (Economics 304)
- Subject:
- Social Sciences
- Grade Level:
- Post-secondary
- Collection:
- Saylor Foundation