Strategies of Economic Growth and Development
Learn about development thinking trends and strategies of economic growth and development from this free online course.
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Strategies of Economic Growth and Development is a free online course that provides you with a comprehensive guide to the strategies embedded in different models of economic development and the trends in development thinking. This course will help to improve your knowledge of economic concepts and growth models. First, you will be introduced to the trends in development thinking and the classical and contemporary theories of economic development.
Next, you will study the differing views on the doctrines of balanced and unbalanced growth. You will also examine the characteristics of Schumpeter's analysis of growth and Rostow's stages of growth theory. Then, you will learn about the Big Push theory from the requirements of a big push, and elements of the Critical Minimum Efforts Thesis. Finally, you will discuss aspects of the Harrod-Domar model, assumptions of the Basic Solow Model, and the capital accumulation equation.
By taking this free online course from Alison, you will discover major development trends and strategies of economic development models. This easy-to-understand, detailed course will be of interest to students, researchers, economic analysts, and anyone with an interest in economic models and global economic systems. Enroll for this course today and give your knowledge of economic development and growth a boost!Start Course Now
Introduction to Strategies of Economic Growth and Development
Strategies of Economic Growth and Development - Learning Outcomes
Development Thinking and Growth Models
Balanced and Unbalanced Growth Models
Schumpeter and Rostow's Growth Theories
Big Push and Critical Minimum Effort Theories
The Harrod-Domar Model
The Basic Solow Model
Strategies of Economic Growth and Development - Lesson Summary
Upon successful completion of this course, you should be able 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
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