ECN 503 Study Guide - Final Guide: Gini Coefficient, Lorenz Curve, Malthusian Trap

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These are the questions to be prepared for the final exams. Only 6 or 7 will be asked in the final and you will be asked to answer 3 or 4: distinguish between import substitution and export oriented industrialization. Critically evaluate its relevance today: discuss the social vs private benefits and costs of education. What conclusions do you draw from your analysis: graphically explain the micro economic model of fertility. Critically examine its merits and demerits: what do you mean by demographic transition. Discuss the conceptual merits and limitations of this hypothesis for contemporary developing countries: what types of poverty policies have proved effective, explain the notion of the hidden momentum of population growth.