Students are to choose a low income economy (LIC) as classified by the World Bank and write a brief report on the level of economic development attained in that country since 1980 (see Table 2.1 in Todaro and Smith). This will include statistics on economic growth; the change in per capita income levels, population, and other qualitative statistics that characterize the level of development attained from 1980 to the present. The report will also analyze the key reason(s) why the country has performed the way it has over the past two and half decades. This should include reference to the economic theories that are covered in the course.
The report should demonstrate your ability to:
- Research and gather the key economic and qualitative statistics that characterize the economic development of the country chosen (e.g. income per capita and the Human Development Index)
- Organize these statistics in a concise way (e.g. with a table)
-Demonstrate a capacity to use economic principles in the analysis of why the selected economy has performed the way it has
- Plan and structure the report so that ideas\concepts are logically linked together
- Demonstrate precise use of language