Michael P. Todaro & Stephen C.
Smith (Thirteenth Edition)
Chapter 1
Introducing Economic
Development:
A Global Perspective
Ahmad Zaenal Wafik, S.E.,M.Ec.Dev.
University of Mataram
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Class Logistics
Course Materials:
• Required Textbook: Economic Development by
Michael P. Todaro & Stephen C. Smith, 13th Edition.
• Supplementary Materials: Additional readings and
resources will be provided throughout the course. These
may include journal articles, case studies, and
multimedia resources.
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Class Logistics
Attendance and Participation:
• Attendance in live sessions is expected. If you are
unable to attend, please notify me in advance and
review the recorded session.
• Active participation in online discussions and forums is
crucial for success in this course.
Academic Integrity:
• Online exams and assignments must be completed
individually unless otherwise specified. Plagiarism and
academic dishonesty will result in disciplinary action
according to university policy.
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Class Logistics
Online Etiquette:
• Join live sessions on time and with your microphone
muted. Turn on your camera if possible to create a more
engaging learning environment.
• Use the chat function for questions or raise your hand
using the platform's feature.
• Engage respectfully with classmates and the instructor
during discussions
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Class Logistics
Course Goals and Learning Outcomes:
• By the end of this course, students will have a
comprehensive understanding of economic
development concepts and the ability to apply various
theories and models to analyze development
challenges.
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Chapter 1:
Introducing Economic Development:
A Global Perspective
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Introduction to Some of the World’s Biggest
Questions
• The study of economic development raises some of the
world’s biggest questions.
• Why do living conditions differ so drastically for people
across different countries and regions, with some so poor
and others so rich?
• Why are there such disparities not only in income and
wealth, but also in health, nutrition, education.
• Development The process of improving the quality of all
human lives and capabilities by raising people’s levels of
living, self-esteem, and freedom.
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How Living Levels Differ Around the
World
• Living standards strata Stylized sets of material living
conditions; the 4-strata schema was created by Hans
Rosling.
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How Countries Are Classified by Their Average
Levels of Development
• Gross national income (GNI) The total domestic and
foreign output claimed by residents of a country,
consisting of gross domestic product (GDP) plus factor
incomes earned by foreign residents, minus income
earned in the domestik economy by nonresidents.
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Economics and Development
Studies
• Development economics The study of how
economies are transformed from stagnation to growth
and from low- income to high-income status, and
overcome problems of extreme poverty.
• Development economics incorporates research in
political economy and institutional, behavioural and
experimental economics; it overlaps and links with
other subfields including labour, public, urban,
agricultural, environmental, and international
economics.
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Economics and Development
Studies
• Institutions : Constitutions, laws, regulations, social
norms, rules of conduct, and generally accepted ways of
doing things. Economic institutions are “humanly
devised” constraints that shape human interactions,
including both informal and formal “rules of the game”
of economic life.
• Social system The organisational and institutional
structure of a society, including its values, attitudes,
power structure, and traditions.
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The Sustainable Development Goals:
A Shared Development Mission
Successor to the earlier Millennium Development Goals
(MDGs), a set of 17 broad goals, among them to: end
poverty and hunger; ensure healthy lives, quality
education, gender equality, water and sanitation, and
modern energy; promote inclusive growth, employment,
resilient infrastructure, industrialisation, innovation, and
improved cities; reduce inequality; combat climate
change and environmental damage; and promote peace,
justice, and global partnership
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Thanks
Ahmad Zaenal Wafik, S.E.,M.Ec.Dev.
[email protected]
unram.ac.id
