"The focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions."
Development economics is the study of how economic growth and development can be achieved in low-income countries. Topics include poverty reduction, income inequality, and the role of institutions and policies in promoting sustainable development. Development economists study the unique challenges facing developing countries and provide policy recommendations to foster economic growth and improve living standards.
"Development economics deals with economic aspects of the development process in low- and middle-income countries."
"Its focus is on improving the potential for the mass of the population... whether through public or private channels."
"Development economics involves the creation of theories and methods that aid in the determination of policies and practices."
"Development economics can be implemented at either the domestic or international level."
"It may involve restructuring market incentives or using mathematical methods such as intertemporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods."
"Common topics include growth theory, poverty and inequality, human capital, and institutions."
"Development economics may incorporate social and political factors to devise particular plans, unlike many other fields of economics."
"There is no consensus on what students should know."
"Different approaches may consider the factors that contribute to economic convergence or non-convergence across households, regions, and countries."
"For example, through health, education, and workplace conditions."
"It may involve restructuring market incentives."
"It may involve using mathematical methods such as intertemporal optimization for project analysis."
"Development economics can be implemented at the international level."
"It may involve a mixture of quantitative and qualitative methods."
"No, the focus is not only on economic growth and structural change but also on improving the potential for the population."
"Policies and practices that can be implemented at either the domestic or international level."
"Common topics include poverty and inequality, aiming to address these issues through various approaches."
"Development economics incorporates theories and methods that aid in the determination of policies and practices."
"Institutions are considered as one of the common topics in development economics, emphasizing their role in the development process."