Economic Growth and Planning

Subject Outline

AThe nature and causes of economic growth
- 1Various factors influencing economic growth; e.g., technology, markets, the supply of capital, the labour force, governmental fiscal policies
- 2The theory of economic growth and models of growth
  - aVarious models of economic growth: supply-determined models, demand-determined models, and target-instrument models
  - bThe practical functions of growth theory and mathematical growth models
- 3Social costs and benefits of economic growth
- 4Economic growth in developing countries
  - aThe relationship between economic underdevelopment and low per capita income: the rate of increase of gross domestic product (gdp) as compared to population growth
  - bVarious theories of national economic development and economic retardation
- 5Changes in economic efficiency as measured by changes in output per unit of input: economic productivity
BPlanning for economic growth and stability
- 1The nature of economic planning
- 2Economic planning in Communist countries
- 3Economic planning in developed non-Communist countries
- 4Economic planning in developing countries