Development Economics

This course defines development and identifies contemporary issues in development. It also discusses the theories of development, and relates them to the Pakistani scenario and the role of the international community in the development process. In addition, it also identifies and analyzes the problems of the poor in Pakistan, in particular, and of the developing countries, in general, it helps students to critically analyze contemporary domestic and international economic policies and determine whether such policies improve or worsen the condition of the poor.

CO 1: Develop concepts of development economics, which helps them to understand that what makes underdevelopment persist and what helps development succeed, considering ethics.

CO 2: Explore diverse dimension and measures of development, as well as the application of microeconomic and macroeconomic analysis to issues of development in poor countries.

CO 3: Understand the household decisions and the analysis of institutions and norms influencing development.

CO 4: Enhance the understanding of the difference between growth and development, major growth theories, measurement of inequality, significance of agriculture in developing countries, poverty and population issues faced by the world, international trade, and importance of foreign aid.

CLO1. Analyze development, and identify contemporary issues in development.

CLO2. Demonstrate the theories of development to Pakistan and international scenario.

CLO3. Evaluate the role of the international community in the development process and Identify the problems of the poor of Pakistan in particular, and of the developing countries in general.

CLO4. Analyze contemporary domestic and international economic policies, and determine whether such policies improve or worsen the condition of the poor