Contents:

• The concepts of economic growth and economic development – quantitative and qualitative aspects
• Measuring the economic growth and development – indicators
• Basic factors for economic growth and development – population, natural resources, investment in physical and human capital, R&D investment
• Economic growth models:
  • • Classical model
    • Harrod – Domar model
    • Neoclassical Solow model
    • AK models
    • Endogenous growth models
• Theories of economic development: classical and modern
  • Classical:
    • Theory of stages of development
    • Structural change models
    • Theories of international dependence
    • Neoclassical theories
  • Modern:
    • Coordination failures and multiple equilibria
    • O-Ring Theory
    • Growth diagnostics

• Quality of institutions and economic growth and development
• Macroeconomic policies and economic growth and development
• International aspects of economic growth and development
  • The importance of international trade
  • International capital flows and development finance
  • Foreign direct investments

• Economic development strategies for developing countries
  • Industrialization and modernization
  • Import substitution
  • Export-led growth

• Growth enhancing policies
  • Promoting innovations and entrepreneurship
  • Promoting human capital investment