"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."
The study of economic growth and development in low-income countries.
Macroeconomics: The study of the economy as a whole, including topics such as inflation, unemployment, and economic growth.
Microeconomics: The study of individual economic behavior, including supply and demand, market structure, and consumer choice.
International trade: The study of trade between countries, including the benefits and costs of trade, trade policy, and globalization.
Development: The study of economic growth, poverty reduction, and the improvement of living standards in low-income countries.
Economic development strategies: The study of different approaches adopted by countries to promote economic growth and development.
Institutions and governance: The study of how institutions and governance can impact economic development and growth.
Human capital: The study of the role of education, health, and other aspects of human development in economic growth and development.
Environmental economics: The study of the impact of the environment on economic activity, including environmental regulation and sustainability.
Infrastructure: The study of how infrastructure, such as transportation and communication networks, can impact economic growth and development.
Agricultural economics: The study of agricultural production, trade, and development.
Natural resources: The study of the role of natural resources, such as oil and minerals, in economic development.
Finance: The study of how financial institutions and markets impact economic development and growth.
Industrialization: The process of transforming an economy from being primarily agricultural to being primarily industrial.
Poverty reduction: The study of policies and programs that aim to reduce poverty.
Fiscal policy: The use of government spending and taxation to influence the economy.
Monetary policy: The use of monetary tools, such as interest rates and the money supply, to influence the economy.
Trade policy: The use of policies that restrict or encourage trade, including tariffs, subsidies, and regional trade agreements.
Foreign aid: The study of foreign aid, including its role in promoting economic development and reducing poverty.
Globalization: The study of the increasing interconnectedness of the global economy, including the benefits and costs of globalization.
Innovation and technology: The study of how innovation and technology impact economic growth and development.
Fiscal Policy: Fiscal policy refers to the government's use of taxes, spending, and borrowing to influence the economy. Its primary goal is to stabilize the economy by promoting growth, stability and full employment.
Monetary Policy: Monetary policy is an economic policy that manages the supply of money, banking services, and interest rates in the economy. Its key objective is to maintain price stability and promote economic growth.
Trade Policy: Trade policy is an economic policy that governs international trade relations. Its objectives are to promote exports and protect domestic industries against foreign competition.
Industrial Policy: Industrial policy is a set of economic policy measures that aim at shaping the structure of the economy by supporting and developing certain industries. Its primary objective is to promote industrial development and economic growth.
Agricultural Policy: Agricultural policy is a set of policy measures aimed at promoting the development of the agriculture sector. Its goals include increasing agricultural productivity, expanding markets for agricultural products, and ensuring the stability of food supplies.
Education Policy: Education policy is an economic policy that aims to improve the quality and accessibility of education services, including elementary, secondary, and tertiary education. Its primary objective is to promote human capital development.
Health Policy: Health policy is an economic policy aimed at improving the health outcomes of the population. Its main objectives include improving access to healthcare services and reducing the burden of disease.
Environmental Policy: Environmental policy is an economic policy aimed at conserving natural resources, promoting sustainable use of resources, and reducing environmental pollution. Its key objectives include mitigating the impact of climate change, reducing waste, and protecting natural habitats.
Infrastructure Policy: Infrastructure policy is an economic policy aimed at promoting the development of physical infrastructure such as roads, highways, airports, railroads, and other public works. Its objectives include improving transportation, communications, and energy infrastructure.
"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."