
Explore the difference between economic growth and development, distinguishing long-term growth in GDP, national income, and per-capita gains from development through changes in occupational structure, industry, and technology.
Identify how unemployment, poverty, and brain drain mark developing countries, alongside low industrialization, weak financial institutions, political instability, dualistic economies, rural barter, and mounting foreign debt.
Examine developing countries’ characteristics, including rural-to-urban migration for better facilities, unequal wealth distribution, and high inflation. Explore unproductive spending, agriculture-based employment, and disguised unemployment.
Explore how developing countries face high population growth, dependence on agriculture-led exports, low literacy, budget deficits, and external pressures that shape their economies.
Identify the three major indicators of development: gross national income, gross domestic product, and purchasing power parity, and explain what each measures, including domestic versus foreign production and exchange-rate stability.
Apply real national income (GNP) approach, real per capita income approach, and the human development index to measure economic development, noting that HDI combines income, life expectancy, and education indices.
Explore the human development index (HDI), which combines income, life expectancy, and education with equal weight to yield a 0-1 score, and examine its calculation and criticisms.
The human development index, introduced by United Nations Development Programme in 2010, replaces gdp with gross national income, restores the education index, drops literacy and enrolment, and uses geometric mean.
Compare old HDI and new NHDI by highlighting GDP vs GNP, arithmetic vs geometric mean, simple log vs natural log, focus on education quality, and redesigned age standards.
Advance development by reducing poverty, boosting GDP, and strengthening agriculture and the industrial sector. Aim to remove international dependence, promote growth, enhance literacy, and reduce unemployment through stronger international relations.
This course defines development and identifies contemporary issues in development. It also discusses the theories of development, and relates them to the Pakistani scenario and the role of the international community in the development process. In addition, it also identifies and analyzes the problems of the poor in Pakistan, in particular, and of the developing countries, in general, it helps students to critically analyze contemporary domestic and international economic policies and determine whether such policies improve or worsen the condition of the poor.
CO 1: Develop concepts of development economics, which helps them to understand that what makes underdevelopment persist and what helps development succeed, considering ethics.
CO 2: Explore diverse dimension and measures of development, as well as the application of microeconomic and macroeconomic analysis to issues of development in poor countries.
CO 3: Understand the household decisions and the analysis of institutions and norms influencing development.
CO 4: Enhance the understanding of the difference between growth and development, major growth theories, measurement of inequality, significance of agriculture in developing countries, poverty and population issues faced by the world, international trade, and importance of foreign aid.
CLO1. Analyze development, and identify contemporary issues in development.
CLO2. Demonstrate the theories of development to Pakistan and international scenario.
CLO3. Evaluate the role of the international community in the development process and Identify the problems of the poor of Pakistan in particular, and of the developing countries in general.
CLO4. Analyze contemporary domestic and international economic policies, and determine whether such policies improve or worsen the condition of the poor