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
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