Human Development Index (HDI) and Agricultural Economics Case Study Assignment

National Policies to Promote Specific Region and Impact on National Development

Looking for AEC21042 Natural Resource and Development Economics Assessment Answers? Get Assignment Answers on Human Development Index (HDI) and Agricultural Economics Assignment Help by Professional Academic Experts. Casestudyhelp.com provides Human Resource Assignment Help by MBA Assignment Writers at a Fair Price in Worldwide.

Assignment Brief:

• Topic : ECONOMICS
• Pages/Words : 8Pages/2000 Words

Department of Agricultural Economics Faculty of Agriculture University of Jaffna (Sri Lanka)

Objectives

• Subsequent parts of the unit are focused on Development economics by providing an overview of major economic theories of economic growth, inequality, poverty, population growth, education, and the access to the markets in development context.
• It focuses on growth theories and strategies for development.

Learning outcomes

• Describe the problems in economic development and approach them with a rigorous and critical way, using both economic theories and policy instruments.
• Describe relevant constraints on development: state the relevance of theories for the formulation of policies in the context of constraints in developing countries.

Course content

Theory

• Concepts and approaches of development
• Principles of Economic development and their theories and models
• Urbanization and Rural-Urban migration
• Agricultural transformation and rural development
• The environment, Access to markets for development.

Practical

• The practical and interactive components of the course focus on problem solving and Personal skills enhancement
• Helping to develop a range of generic skills
• Critical analysis and reflexivity
• Applied numerical analysis and computing
• Problem identification and specification.
• Problem solving and task prioritization.

Recommended Readings

1. Debraj Ray. (1998), Development Economics. Princeton University
2. Todaro, M.P. and Smith, S.C. (2009), Economic Development. Pearson, Addison Wesley.

Development Economics

Branch of economics that focuses on improving fiscal, economic and social conditions in developing countries.

• Health
• Education
• Working conditions
• Market conditions
• Domestic and international policies

Growth Vs Development

• Growth:

Quantitative value

Positive or negative sign

 

• Development:

Qualitative change

Always positive value

 

Human Development

• Aspect of development: Quality of life, opportunities and freedom of people

“The Human development is the development that enlarges people’s choices and improves their lives”

Key areas

• Access to resources
• Health
• Education

Pillars of Human Development

Equity: Making equal access to opportunities available to everybody

Sustainability: Continuity in the availability of opportunities

Productivity: Human labor productivity or productivity in terms of human work

Empowerment: Have power to make choices

 

Human Development Index (HDI)

• Tool to measure a country’s overall achievement in its social and economic dimensions
• Human development index (HDI) is a composite statistic of life expectancy, education and per capita income indicators which is used to rank countries into four tiers of human development
• HDI is a measure of economic development and economic welfare

Measuring HDI

HDI ranks the countries based on their performance in the key areas.

Long and healthy life

Life expectancy at birth: Number of years a newborn infant could expect to live if prevailing patterns of age-specific mortality rates at the time of birth stay the same throughout the infant’s life.

Knowledge

Expected years of schooling: Number of years of schooling that a child of school entrance age can expect to receive if prevailing patterns of age-specific enrolment rates persist throughout the child’s life.

Mean years of schooling: Average number of years of education received by people ages 25 and older, converted from education attainment levels using official durations of each level.

A decent standard of living

Gross national income (GNI) per capita: Aggregate income of an economy generated by its production and its ownership of factors of production, less the incomes paid for the use of factors of production owned by the rest of the world, converted to international dollars using PPP rates, divided by midyear population.

Calculating HDI

• The HDI is the geometric mean of normalized indices for each of the three dimensions.
• The HDI is the geometric mean of the three dimensional indices:

HDI = (I-Health. I-Education. I-Income) 1/3

Importance of HDI

1.

2.

3.

4.