© Natalya Brown 2008 Principles and Concepts of Economic Development Natalya Brown

© Natalya Brown 2008 ECON 3066 Economic Development Course Overview Course Description and Objectives Topics Covered Materials Course Requirements – Term Paper and Presentations – Exams – Assignment – Class Participation Miscellaneous

© Natalya Brown 2008 ECON 3066 Economic Development Course Description and Objectives This course explores the various principles and concepts of economic development in an attempt to explain the disparity in development experiences across the globe. Why do some countries experience rapid economic development while others seem not to develop at all?

© Natalya Brown 2008 ECON 3066 Economic Development Topics Covered Meaning of Economic Development Classical and Contemporary Theories of Economic Development Poverty and Inequality Population Growth Urbanization and Rural-Urban Migration The Key Role of Agricultural Development

© Natalya Brown 2008 ECON 3066 Economic Development Materials Required Text: – Todaro, Michael P. and Stephen C. Smith, Economic Development, Tenth Edition, Addison Wesley, Course Website: – – Announcements – Lecture Notes – Links to internet resources

© Natalya Brown 2008 ECON 3066 Economic Development Term Paper and Presentations The term paper is worth 25% of final grade – See course outline for suggested topics – First draft due November 3 rd – Final draft due November 28 th The presentation of the term paper is worth 15% of the final grade – November 10 th and 17 th

© Natalya Brown 2008 ECON 3066 Economic Development Exams Term test on October 20 th covering Todaro chapters 1 – 4. No Final Examination.

© Natalya Brown 2008 ECON 3066 Economic Development Assignments Assignment due October 27th. Currently available for download.

© Natalya Brown 2008 ECON 3066 Economic Development Class Participation Worth 10% of final grade. Grade based on preparation for class, questions asked and quality of group presentations. Each student is expected to participate in at least 1 group presentation. Please sign up for topics before October 1 st.

© Natalya Brown 2008 ECON 3066 Economic Development Summary Class Participation10% Assignment20% Term Paper25% Presentation15% Term Test30%

© Natalya Brown 2008 ECON 3066 Economic Development Miscellaneous Office hours: Mondays 2:00-3:30pm, or by appointment.

© Natalya Brown 2008 ECON 3066 Economic Development Question Time Write down 10 things that you associate with economic development. No sentences

© Natalya Brown 2008 ECON 3066 Economic Development What is Development Economics? Development economics is the branch of economics that studies relatively poor countries, often referred to as developing countries or less developed countries (LDCs). Development economists tries to explain why standards of living grow faster in some places than in others. They investigate what promotes economic development and what hinders it.

© Natalya Brown 2008 ECON 3066 Economic Development Some Key Issues Human Development Gender Equality Child Labour Sustainable Development Foreign Aid and Debt Relief Globalization More comprehensive indicators of quality of life.