Development+economics


 * 5.1 Development Economics**

Identify the common characteristics and diversity of developing countries. Measurement of economic development using the Human Development Index (HDI). Understand the limitations of the HDI.
 * Knowledge**

Explain the difference between economic growth and economic development and the relationship between them. Comment on the nature of economic development. Analyse the main sources of economic growth in LDCs. Explain the common characteristics of LDCs.
 * Analysis**


 * Questions for lessons**


 * 1.** Should countries be classified based on income (GDP per capita)?


 * 2.** Is economic development = economic growth?


 * 3.** Explain the difference between economic growth and economic development.


 * 4.** Is economic growth always a desirable policy objective for a government?


 * Resources:**


 * Task 1: Recap of concepts**

In your groups, list down 5 key terms or concepts you have learnt in the past few lessons relating to:


 * - international economics**
 * - balance of payments**
 * - exchange rates**

Task 2


 * StatPlanet**