Economic development

Topics

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Sample objectives

What this unit covers

• Living standards: Understand the measures of living standards, including Real GDP per capita and the Human Development Index (HDI). Learn about the elements that make up real GDP and HDI, along with their respective benefits and drawbacks.
• Living standards: Examine the factors that lead to variations in living standards and income distribution both within countries and between different nations.
• Poverty: Understand the concepts of absolute poverty and relative poverty, including how they differ from each other.
• Poverty: Identify the various factors that contribute to poverty, such as unemployment, low income, health issues, and age-related challenges.
• Population: Identify the elements that influence population growth, including birth rate, death rate, net migration, immigration, and emigration.
• Population: Explain the reasons behind varying rates of population growth across different nations, focusing on the differences in birth rates, death rates, and net migration.
• Differences in economic development between countries: Understand the variations in economic development across nations, focusing on the factors that contribute to these differences, such as international trade, globalization, income levels, productivity, population growth, the scale of primary, secondary, and tertiary industries, as well as aspects like savings, investments, education, and healthcare.