Certification in Economic Growth and development

Description

Take the next step in your career!Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding Professional. This course is an opportunity to sharpen your Economic of growth and development capabilities, increase your efficiency for professional growth and make a positive and lasting impact in the business or organization.

With this course as your guide, you learn how to:

• All the basic functions and skills required economics of growth and development.

• Transform Economics of Growth and Development: Meaning, Measurement, Difference and Comparisons Sources of Economic Growth.

• Get access to recommended templates and formats for the detail’s information related to economics of growth and development.

• Learn useful case studies, understanding Approaches to Development: Vicious Circle of Poverty and Unlimited Supply of Labor. Economics of Growth and Development: Meaning, Measurement, Difference and Comparisons with useful forms and frameworks. Economic Growth Models-I: Harrod-Domar Growth Model. Economic Growth Models-II: Growth and Distribution. Economic Growth Model – III : Models of Optimal Economic Growth. Big Push Theory of Growth. Balanced Growth and Unbalanced Growth. Critical Minimum Efforts Thesis

• Invest in yourself today and reap the benefits for years to come.

The Frameworks of the Course

Engaging video lectures, case studies, assessment, downloadable resources and interactive exercises. This course is created to Learn about economic of growth and development. You will also be able to learn about Economics of Growth and Development: Meaning, Measurement, Difference and Comparisons Sources of Economic Growth. Human Development Index and PQLI, Economic Growth Models-I: Harrod-Domar Growth Model, Neo-Classical Growth Models. Economic Growth Models-II: Growth and Distribution. Total Factor Productivity and Growth Accounting, Technological Change and Progress. Economic Growth Model – III : Models of Optimal Economic Growth, Multi-Sector Models of Growth.

Endogenous Growth Models and Stochastic Growth Models-Business Cycle Theory. Social and Institutional Aspects of Development: Difference between Development and Underdevelopment. Measurement and Indicators of Development. Population and Development, Economic Development and Institutions. Approaches to Development : Vicious Circle of Poverty and Unlimited Supply of Labor. Lewis Model. Ranis and Fei Model. of Big Push Theory of Growth. Balanced Growth and Unbalanced Growth. Critical Minimum Efforts Thesis

The course includes multiple Case studies, resources like formats-templates-worksheets-reading materials, quizzes, self-assessment, film study and assignments to nurture and upgrade your Economic of growth and development in details.

• In the first part of the course,you’ll learn the details of the economic of growth and development. You will also be able to learn about Economics of Growth and Development: Meaning, Measurement, Difference and Comparisons Sources of Economic Growth. Human Development Index and PQLI, Economic Growth Models-I: Harrod-Domar Growth Model, Neo-Classical Growth Models. Economic Growth Models-II: Growth and Distribution. Total Factor Productivity and Growth Accounting, Technological Change and Progress. Economic Growth Model – III : Models of Optimal Economic Growth, Multi-Sector Models of Growth.

• In the middle part of the course, you’ll learn how to develop a knowledge of Endogenous Growth Models and Stochastic Growth Models-Business Cycle Theory. Social and Institutional Aspects of Development: Difference between Development and Underdevelopment. Measurement and Indicators of Development. Population and Development.

• In the final part of the course, you’ll develop the knowledge related to Economic Development and Institutions. Approaches to Development : Vicious Circle of Poverty and Unlimited Supply of Labor. Lewis Model. Ranis and Fei Model. of Big Push Theory of Growth. Balanced Growth and Unbalanced Growth. Critical Minimum Efforts Thesis You will get full support and all your quarries would be answered guaranteed within 48 hours.

Course Content:

Part 1

Introduction and Study Plan

· Introduction and know your Instructor

· Study Plan and Structure of the Course

1. Economics of Growth and Development: Meaning, Measurement, Difference and Comparisons

1.1. Introduction

1.2. Meaning and Definitions of Economic Development

1.3. Distinction Between Developed and Underdeveloped Economies

1.4. Economic Development and Economic Growth and its differences

1.5.Non-Economic Factors

2. Sources of Economic Growth

2.1. Introduction, Growth Accounting

3. Human Development Index and PQLI

3.1. Introduction

4. Economic Growth Models-I: Harrod-Domar Growth Model

4.1. Introduction

4.2. Harrod-Domar Growth Model

5. Neo-Classical Growth Models

5.1. Introduction

5.2. Generalizations of the Basic Neoclassical Growth Model

5.3. The Solow Model, Assumptions of the Solow Model

6. Economic Growth Models-II: Growth and Distribution

6.1. Introduction.

6.2. Kaldor’s Model of Economic Growth

6.3. Pasinetti’s Theory of Growth and Distribution

7. Total Factor Productivity and Growth Accounting

7.1. Introduction.

7.2. Determinants of Total Factor Productivity

7.3. Total Factor Productivity Measurement: Different Approaches

8. Technological Change and Progress

8.1. Introduction

8.2. The Neo-classical Model with Technical Change

9. Economic Growth Model – III : Models of Optimal Economic Growth

9.1. Introduction

Part 2

10. Multi-Sector Models of Growth

10.1. Introduction.

10.2. Two-Sector Growth Models

11. Endogenous Growth Models

11.1. Introduction.

11.2. The Neo-classical Growth Model with Human Capital

11.3. Some Issues in Endogenous Growth Theory

12. Stochastic Growth Models-Business Cycle Theory

12.1. Introduction

12.2. Brock Mirman Model

12.3. The Real Business Cycle Model

13. Social and Institutional Aspects of Development: Difference between Development and Underdevelopment

13.1. Introduction

13.2. Rural-urban gap

13.3. Bridging the Urban-Rural Gap

13.4. Measurement of Inequalities of Income

13.5. Gary S. Fields’ prediction:

13.6. Poverty, Inequality and Welfare

14. Measurement and Indicators of Development

14.1. Introduction

14.2. Development GAP

14.3. Growth and Development

14.4. Concept of Economic Development

14.5. Indicators of Economic Welfare, Changes in Size of GDP and Economic Welfare

15. Population and Development

15.1. Introduction

15.2. Human Resources and Economic Development

15.3. Malthus and Other’s Views

15.4. Nature of Population Problem In Developing Countries

15.5. Population, Poverty and Environment

15.6. Need for a Population Policy in a Developing Economy

16. Economic Development and Institutions

16.1. Introduction

16.2. Market Failure

16.3. Government Failure

16.4. Institutions and Governance

16.5. Role of Social Norms and the Community in Economic Development

17. Approaches to Development : Vicious Circle of Poverty and Unlimited Supply of Labor

17.1. Introduction

17.2. Circular Causation

17.3. Comparison of Myrdal and Kaldor on CCC

17.4. The Closed Economy

17.5. The Open Economy

18. Lewis Model

18.1. Introduction

18.2. Surplus Labor and the Growth of the Economy

19. Ranis and Fei Model

19.1. Introduction

19.2. The Fei–Ranis Model of Economic Growth

20. Big Push Theory of Growth

20.1. Introduction

20.2. Rodhan’s Theory of Big Push

20.3. Indivisibilities and External Economies

21. Balanced Growth and Unbalanced Growth

21.1. Introduction

21.2. Dissimilarities between Balanced Growth and Unbalanced Growth

22. Critical Minimum Efforts Thesis

22.1. Introduction

Part 3

Assignments

Economic Growth and development process

Economic Growth and development sample policies

Economic Growth and development case studies

Economic Growth and development case study with analysis

Economic Growth and development Templates

Economic Growth and development

Economic growth and development are two related but distinct concepts in the field of economics.

1. Economic Growth: This refers to the increase in the production of goods and services in an economy over time. It is commonly measured by the growth rate of the Gross Domestic Product (GDP), which is the total value of all goods and services produced within a country’s borders in a specific period. Economic growth is often driven by factors such as increased investment, technological advancements, improvements in productivity, and expansion of the labor force. Sustained economic growth is generally seen as a positive indicator of an economy’s health and potential for prosperity.

2. Economic Development: While economic growth focuses on the increase in the quantity of goods and services produced, economic development encompasses a broader set of goals related to improving the standard of living and quality of life for people within a society. It involves not only the growth of the economy but also considerations such as reducing poverty, improving healthcare and education, ensuring social equity, protecting the environment, and promoting political stability. Economic development aims to create an environment where individuals have access to opportunities for personal and collective advancement, leading to long-term improvements in well-being.

Policies and strategies aimed at fostering economic growth may not always lead to equitable economic development. For instance, rapid economic growth driven solely by resource extraction or industries with poor labor standards may exacerbate income inequality and environmental degradation, undermining long-term development goals. Therefore, achieving sustainable and inclusive economic development often requires a holistic approach that considers social, environmental, and political factors alongside economic indicators. Governments, international organizations, and other stakeholders play crucial roles in formulating and implementing policies that balance economic growth with broader development objectives.

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Frequently Asked Questions

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