Learning Outcomes

In this free course, you will learn how to:

• Discuss the trends in economic development thinking
• Outline the classical and contemporary theories of economic development
• Explain the different propositions of the balanced growth model
• Indicate common characteristics of under-developed countries
• Summarize the characteristics of Rostow's stages of growth theory
• Recognize different concepts in economic development and growth models
• List the outcomes of a critical minimum effort in an economy
• Recall the requirements for a big push according to the Big Push Theory
• Analyze the stylized facts of economic growth and development
• Evaluate the assumptions of the Basic Solow Model