[ECO2117] - Final Exam Guide - Comprehensive Notes for the exam (39 pages long!)
29 Nov 2016
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Assignments (4) ---15% (submit assignments on time to receive the remaining 3%) (2 before and 2 after the midterm: must be pdf or word format. Mid term exam ---35% (february 22: multiple choice, true/false, and short answer questions. Final exam----50: multiple choice, short answer, one essay question. Essay question will exactly correspond to one of the 4 assignments given in class. Development defined, comparing development, economic growth: introducing economic development: a global perspective (ch. 1, comparative economic development (ch. 2, classic theories of economic growth and development (ch. 3) International trade, debt, aid: international trade and development strategy (ch. 12, balance of payments, debt, financial crisis, and stabilization policies (ch. 13, foreign finance (ch. 14) Study of how economies are transformed from stagnation to growth, from low income to high income and overcome absolute poverty. Commodity and resource markets are highly imperfect. Multiple equilibrium rather than a single equilibrium are common. Disequilibrium situations often prevail [prices do not equate supply and demand]
