Introduction to Development Economics
“A process where nations 
achieve higher standards of living, 
happiness and fulfilment often 
through economic growth.”
what do we mean by the term
economic development?
what is the difference between economic growth and economic development?
how do we measure development?
Quantitative Indicators: are based on objective and truthful pieces of information. Often collected in surveys or by in a census. eg GDP
Qualitative Indicators:
are based on subjective feelings, impression and opinion. These provide a good indication of the social health of a country. Eg Happiness
the poverty cycle
economic growth is a quantiative concept, it refers to increases in real GDP (total output) overtime
development refers to an improvement in living standards in an economy, this can be through education, healthcare, consumption or higher incomes which bring prosperity
higher incomes does not equate to higher development
income inequality means that not all citizens gain from growth
Economic development has meant different things overtime
1950's - 1960's - focus on economic growth
1970's - correcting highly uneven global growth rates
1980's - 1990's human development
what issues does this movie raise?

equality and
distribution of income and weatlh

what are peoples basic needs?
economic development 
with PPF diagrams
gini coefficient is a measure of income distibution.
1 = high equal 0 = very unequal distibution
change in gini coefficient - top of chart, distribution of income become more unequal, bottom of the chart incomes becoming more equal
gini coefficient is a measure of income distibution.
1 = high equal 0 = very unequal distibution