Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 144 pages
Exam (elaborations)

Economic Development 13th Edition PDF | Theories, Policy & Global Perspectives

Document preview thumbnail
Preview 4 out of 144 pages

Download the definitive guide to Economic Development, 13th Edition. Explore core theories, development economics models, poverty reduction strategies, and contemporary policy debates in the Global South.

Content preview

INSTRUCTOR’S MANUAL FOR g g ggg


EconomicgDevelopmentg13/EgMichaelgTodarog
g



g


Chapter 1: Introducing Economic Development:
g g g g g


A Global Perspective
g g g


✓gKeygConceptsg
AsgcuriousgasgstudentsgwhogregistergtogtakegDevelopmentgEconomicsgmaygbe,gtheirgknowledgegand
gexperiencegofgthegdevelopinggworldgwillgvarygwidely.gThegfirstgmaingpointgofgChapterg1gisgtogemp
hasiseghowgdifferentglifegingthegdevelopinggworldgis.gNewgingtheg13thgeditiongisgagsystematicgdescr
iptiongofgfourgstylisedgstratagofglivinggstandardsgfromgextremegpovertygtogrichgbasedgongRosling,gR
osling,gandgRoslinggRonnlund’sgbookgFactfulness.gThisgisgfollowedgbygagdiscussiongofgthegWorldg
Bank’sgclassificationgofgeconomiesgbygrangesgofgaveragegnationalgincomegusingggrossgnationalginc
omeg(GNI)gstatistics.g

Thegsecondgpointgisgtogprovidegangoverviewgofgthegnaturegofgdevelopmentgeconomicsgasgagfield.gAg
defensegofgdevelopmentgeconomicsgasgagdistinctgfield,grathergthangangagglomerationgofgothergecono
micsgsubfields,gisgoffered.gAgmajorgthemegofgthegbook,gthatgdevelopmentgeconomicsgmustgencomp
assgthegstudygofginstitutionalgandgsocial,gasgwellgasgeconomic,gmechanismsgforgmodernisinggangeco
nomygwhilegeliminatinggabsolutegpoverty,gisgintroduced.g

Sectionsg1.5gandg1.6glooksgdeepergintogthegmeaninggofgdevelopmentgandgagviewgofgdevelopmentgth
atgisgmultidimensional.gAmartyagSen’sg“Capabilities”gapproachgisgdiscussedgingSectiong1.5.gIngSect
iong1.6,gdatagcollectedgingagGallupgWorldgPollgongthegrelationshipgbetweenghappinessg(asgmeasured
gbygGallup’sglifegsatisfactiong“ladder”gquestiongandgrealgpergcapitagincome)gandgothergresearchgong
happiness/lifegsatisfactiongisgdiscussed.gTheglevelgofghappinessgisgnotgonlygrelatedgtoglevelgofginco
megbutgtogothergfactorsgsuchgasgdemocraticgfreedomsgandgthegqualitygofgsocialgrelationships.gThegr
olegofgnormativegvaluesgingdevelopmentgeconomics—
agsubjectgdealinggwithghumangmiserygandghumangpotential,gwithgequitygasgwellgasgefficiency,gwithg
culturalgchangegthatgcausesglossesgasgwellgasggains,gandgwithgtransfergasgwellgasgcreationgofgwealth
—isgalsogstressed.g

Thegconclusiongisgthatgdevelopmentgisgbothgagphysicalgrealitygandgagstategofgmind.gThegmeaninggan
dgobjectivesgofgdevelopmentgincludegthegprovisiongofgbasicgneeds,greducingginequality,graisingglivi
nggstandardsgthroughgappropriategeconomicggrowth,gimprovinggself-
esteemgingrelationgtogthegdevelopedgcountries,gandgexpandinggfreedomgofgchoicegingthegmarketgand
gbeyond.g


Sectiong1.7gpresentsgangingdepthgexaminationgofgthegUN’sgSustainablegDevelopmentgGoalsg(SDGs)
.gThisgincludesgagmoregcomprehensiveglistgofgtheggoalsgthemselvesg(appearinggingTableg1.1)gandgag
discussiongofgthegshortcomingsgofgthegSDGs.gIngSectiong1.8,gthegplangofgthegbookgisgintroducedgthr
oughg32gcriticalgquestionsgofgdevelopmentgeconomics.gDependinggongthegamountgofgmaterialgcover
edgbygtheginstructor,gstudentsgshouldgbegablegtogintelligentlygaddressgmostgofgthesegquestionsgbygth
egendgofgthegcourse.gFinally,gagcomparativegcasegstudygofgPakistangandgBangladeshgisgpresented.g

, YTREWSg
g
g
YTREWg
g

✓gLecturegSuggestionsg
Itgmightgbegbestgtogbegingwithgagdiscussiongofgthegimmensegscalegofgtransformationgingthegworldg
economy.gTheglategHansgRosling’sgvideog“200gcountries,g200gyears,g4gminutes”g(readilygavailableg
ongYouTube)gcangbegusedgtogconfirmgthisgpointgingangentertaininggway.gItgmightgalsogbeghelpfulgto
ghighlightgthatgrealggrossgworldgproductgpergcapitaghasgalmostgtripledgbetweeng1960gandg2018g(imp
lyingggrowthgpergyeargofg1.85%)gandgisg33%ghighergthangitgwasgatgthegturngofgthisgcenturyg(implyi
nggannualggrowthgofg1.56%gfromg2000gtog2018).gThisgdatagcangbegfoundgongthegSaintgLouisgFeder
algReserve’sgwebsitegingthegFederalgReservegEconomicgDatabaseg(orgFRED).g

Despitegsuchgadvances,gtremendousgdisparitiesgcontinuegtogexist.gIngtermsgofgeasilygaccessiblegstati
sticsgthegPEWgResearchgCentre’sg“WorldgPopulationgbygIncome”gprovidesganginteractivegmapgsho
winggthegsharegofgeconomies’gpopulationgwhogaregeconomicallygpoor,glowgincome,gmiddlegincome
,guppergmiddlegincome,gandghighgincome.gWhilegregrettablygthegdatagprovidedgisgforg2011,gitgecho
esgwhatgTodarogandgSmithgpointgoutgingthegtext,gthatgmoregthang75%gofgthegworld’sgpopulationgliv
egong$15gorglessgagdayg(orgaboutg$5,500gpergpersongpergyear).gSeveralgexcellentgbooksgattemptgtogg
ivegsomegideagofgthegrangegofglivinggstandardsgfoundgthroughoutgthegworld.gForgexample,gThegMat
erialgWorldgbygPetergMenzell.gThisgbookgpresentsgphotographicgprofilesgofgtypicalgfamiliesgaround
gthegworldgwithgallgofgtheirgpossessionsgplacedgingfrontgofgtheirghomes.gAsgoneggoesgfromgonegfami
lygtogthegnextgtheginstructorghasgthegopportunitygtoghighlightgthegimportantgdifferencesgbetweengnat
ionsgandgregionsgandgtogtouchgongkeygissuesgofggrowthgandgdevelopment.g
g
Onegofgthegkeygstrengthsgofgthisgchaptergisgthatgitgdoesgnotgfocusgsolelygongtheghardgnumbersgthatgs
upposedlygmeasuregdevelopment.gThegdiscussiongofgSen’sgCapabilitiesgapproachgandgthegfarglessgt
hangperfectgrelationshipgbetweengincomegandghappinessgaregwellgworthgspendinggagfairgamountgofg
classgtimegexploring.gClassgtimegshouldgalsogbegspentgdiscussinggtheg32gcriticalgquestionsglistedgon
gpagesg21–
23gofgthegtextgandgthengaskinggstudentsgtogidentifyg3gorg4gquestionsgthatgtheygaregparticularlygintere
stedgingexploring.gAskinggeachgstudentgtoglistgwhatgtheygconsidergtogbeg“critically”gcriticalgquestio
nsgongagsheetgofgpaper,gcollectinggtheirgresponses,gandgthengtryinggtogdirectgthegrestgofgthegtermgtog
addressinggthegmostgcommonlygmentionedgcriticalgquestionsgforgthatgclassgwillgbeghelpfulgingfurthe
rgdrawinggstudentsgingandgholdinggtheirgattentiongthroughoutgthegterm.g
g
Atgthisgsamegpoint,gtheginstructorgmightgalsogwishgtoggetgsomegideagofgstudents’gexperiencesgtravel
inggtogdevelopinggcountriesgand,gingasgsubtlegagwaygasgisgpossible,gdetermineghowgshakygtheirgund
erstandinggofgthegwidergworldgis.gTheginstructorgperhapsgcouldgdrawgonghisgorghergowngexperience
sgandggivegsomegbackgroundgasgtoghowghegorgshegfirstgbecameginterestedgingDevelopmentgEconom
ics.gThisgmayg–gthroughgthegkindsgofgquestionsgaskedg–
ghelpgtheginstructorgfurtherggaugegstudents’glevelgofgsophisticationgingthisgarea.gThisgisgnotgsomethi
nggthatgshouldgbegor,gcan,gbegsettledgingthegfirstgonegorgtwogclassesgandgwillgdevelopgovergthegcour
segofgthegterm.g
g
Ingmanyguniversities,gthegeconomicgdevelopmentgcoursegwillgbegfilledgwithgstudentsgwhogaregnotg
majoringgingeconomics.gThesegstudentsgmaygcomegfromgdifferentgcollegesgwithgmajorsgsuchgasgant
hropology,gsociology,gorgpoliticalgsciencegorgbusinessg(management,gfinance,getc.).gTheygmayghave
ghadgasglittlegasgonegsemestergofgintroductorygeconomics.gGivengthatgyougaregteachinggangeconomic
sgclass,gyougmaygwishgtogremindgthegstudentsgofgthisgfactgandgoffergwhateverghelpgyougcan.gGiveng
videogcapturegsoftware,gyougmightgconsidergrecordinggsomegprimersgthatgthengcouldgbegmadegavail
ablegtogstudentsgthroughgcoursegmanagementgsoftwaregsuchgasgBlackboardgorgMoodle.gYougcertain

, YTREWSg
g

g
lygshouldgusegthegfirstgclassgorgtwogtogsetgthegstagegforgthegapproachgyougwillgtake,gwhethergitgwillg
begmoreginterdisciplinary,gmoregeconomic,gmoregmathematicalgandgquantitative,gmoreghistorical,go
rgsomegcombination.g
g
Emphasisegthatgdevelopmentgeconomicsgisgangexcitinggsubjectgtogstudygandgteachgbecausegitgdoesg
notgfocusgjustgongonegcountry,gbutgongallgless-
developedgcountries.gFurthergemphasisegthatgyougwillgtrygtogteachgkeygconceptsgandgideasgwhichgc
angbegappliedgtogthegexperiencesgofgmanygdevelopinggcountries.gThesegconceptsgandgideasgaregimp
ortantgforgunderstandinggwheregthegdevelopinggcountriesgaregtoday,gasgwellgasgwhatgtheirgoptionsga
regforgthegfuture.gYougmightgalsogwishgtogemphasisegthatgtheregarguablygisgnogothergareagofgecono
micsgthatgisgmoregrelevantgtogthegmajoritygofgthegworld’sgpeople.g

Asgalreadygmentioned,gtheg32gcriticalgquestionsgcangbegusedgtogmotivategstudentginterestgingthegsub
jectgasgwellgasgpresentgangoverviewgofgwhatgthegclassgisgallgabout.gItgcangbegemphasisedgthatgthereg
isgnogoneganswergtogtheggeneralgquestiongofgwhygsomegcountriesgaregmoregdevelopedgthangothers.g
Theregaregasgmanygdifferentgopinionsgongwhatgagless-
developedgcountrygshouldgdogtogbecomegmoregdeveloped.gAggoodgapproachgisgtogpresentgdifferingg
viewpointsgthroughoutgthegcoursegandgletgthegstudentsgmakegupgtheirgmindsgongtheirgown.g
g

✓gDiscussiongTopicsg
Encouraginggclassgparticipationgisgaggoodgwaygtogmotivategthegstudentsgandgmakegthemgfeelginvolv
edgingtheglearninggprocess.gThegfirstgfewgweeksgofgclassgingparticulargaregconducivegtogthisgsortgofg
exercise.gTwogideasgforgdiscussionsgatgthisgstagegare:g

• Whatgisgthegmeaninggofgeconomicgdevelopment?gWhygdogwegnotgseegagstrongergrelationshipgbe
tweengincomegandghappiness,gespeciallygoncegincomeghasgrisengaboveg$20,000gagyeargpergperso
n?g
• Isgitgpossiblegforgthegwholegworldgtogbegdeveloped?gThisgcangbeganginterestinggquestiongtogaskg
atgthegbeginninggofgthegcourse,goncegenvironmentgandgdevelopmentghavegbeengcoveredg(Chapte
rg10),gandgthengagaingatgthegendgofgthegcourse.g
g

✓gSamplegQuestionsg
ShortgAnswerg
1. Providegagdefinitiongofgdevelopmentgeconomics.gJustifygyourgchoicegcarefully.g
Answer:gSeegSectiong4g(pagesg8–
10)gforgsomegideasgaboutghowgthegstudentsgmightganswergthisgquestion.gTheygshoul
dgingsomegwaygsaygthatgdevelopmentgeconomicsgisgmoregthangjustggrowthgingGDP.g

2. Ingdefininggdevelopmentgtogincludegmoregthangjustgtheggrowthgofgpergcapitagincome,gtheregis
gangimplicitgassumptiongthatgtheggrowthgofgpergcapitagincomegalonegisgnotgsufficientgtogguara
nteegthegreductiongofgpovertygandgtheggrowthgofgself-
esteem.gIsgitgpossiblegthatgtheregcouldgbeggrowthgofgpergcapitagincomegwithoutgthegachievem
entgofgthesegothergobjectives?g
Answer:gPergcapitagincomegcangshowggrowthgevengwhengthatggrowthgdoesgnotgtouchgvastgpor
tionsgofgthegpopulation.gThisgpointgisgclearlygmadegingChapterg5gandgisgsuggestedgin
gthegcomparativegcasegstudygofgPakistangandgBangladesh.gTheggrowthgmaygbegcente
redgingonegareagorgsectorgofgthegeconomy,gforgexample.gAlso,gmostgdevelopedgcount

, YTREWSg
g
riesghave,gatgsomegtimegingtheirghistories,gintroducedgpoliciesgemphasisinggequality.
g


3. Ingwhatgwaygisgdevelopmentgeconomicsggreatergingscopegthangtraditionalgeconomics?g
Answer:gDevelopmentgeconomicsgmustgencompassgthegstudygofginstitutional,gpolitical,gandgs
ocialgasgwellgasgeconomicgmechanismsgforgmodernisinggangeconomygwhilegeliminat
inggabsolutegpovertygandgtransforminggstatesgofgmindgasgwellgasgphysicalgcondition
s.gMoregdetailsgfoundgingthegchapter.g

4. Makegagcasegthatgdevelopmentgeconomicsgmightgbegmerelygagcombinationgofgallgthegothergsu
bfieldsgofgeconomics,gonlygappliedgtoglow-
incomegcountries.gAnswer:gSeegQuestiong3gabove.g

5. Whatgdogyougthinkgaregthegmostgseriousgobstaclesgtogfurthergprogressgingthegdevelopinggworl
d?g
Answer:gThegmaingpointgheregisgtogensuregthatgstudentsgaregthinkinggcarefullygaboutgthegissue
sgraisedgingthegtext.gYougmaygalsogwishgtogdrawgfromgthegcriticalgquestionsgongpage
sg21–23.g

6. Ingreviewinggdiscussionsgofglifegingdevelopinggcountries,gwhatgisgitgaboutglifestylesgingtheglo
w-gincomegcountriesgcomparedgwithglifestylesgingtheghigh-
incomegcountriesgthatgmostgstrikesgyou?gWhy?g
Answer:gThisgisgangopen-endedgquestiongtogstimulategreflection.g

7. Dogyougthinkgitgisgingthegmaterialginterestsgofghigh-incomegcountriesgtoghelpglow-
incomegcountriesgimprovegtheirgeconomicgperformance?gWhygorgwhygnot?g
Answer:gAnswersgmightgtouchgongincreasinggthegmarketgforgproductsgingwhichghigh-
incomegcountriesghavegagcomparativegadvantage,greducinggthegdangersgofgregionalg
wargandgterrorism,greducingginternationalgtransmissiongofgdisease,gandgcurbingginter
nationalgmigration.g

8. Howgisghappinessgrelatedgtogdevelopment?g
Answer:gAnswersgshouldgmakegreferencegtogthegcorrelationgbetweenghappinessgandgincomegl
evelgasgwellgasgtouchgongthegconnectiongbetweenghappinessgandgsocialgrelationships
,gpersonalgandgdemocraticgfreedoms,greligiousgbeliefs,gandghealth,gamonggothergfact
orsglistedgongpageg12.gFurther,ganswersgshouldgincludegagdiscussiongonghappinessga
sgbeinggagpartgofgAmartyagSen’sgconceptgofgfunctionings.g

9. ComparegandgcontrastgthegUN’sgMillenniumgDevelopmentgGoalsg(MDGs)g2000–
2015gwithgthegSustainablegDevelopmentgGoalsg(SDGs)gputgforwardging2015?gWhatgdogyougc
onsidergtogbegthegmostgimportantgofgeithergsetgofggoalsgandgwhy?g
Answer:gTheganswergshouldgstressgthatgbothgsetsgofggoalsgcovergagbroadgrangegofgobjectivesg
bothgeconomicgandgsocial.gThesegweregputgforwardgsogthatgdevelopinggcountriesgwo
uldghavegnumericalgtargetsgagainstgwhichgtheirgprogressgcouldgbegjudgedgand,gwher
egwarranted,gappropriategassistancegoffered.g

Connected book
 image
Michael P. Todaro, Stephen C. Smith Economic Development
Publisher: 2014 ISBN: 9780133406788 Edition: Unknown

Document information

Uploaded on
February 19, 2026
Number of pages
144
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
$21.49

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Sold
2
Followers
0
Items
453
Last sold
1 day ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions