Questions and Answers
How should assessment tasks be submitted?
What is the expected number of hours for the course, including face-to-face or virtual meetings?
54 hours
Late submissions of assessment items will not result in a score reduction.
False
To request for re-marking of assessment papers and appeal the score, students should address a written request to the ____________.
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Match the following contact details with their respective positions:
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Who is the Teacher for the CBM 122 - Economic Development course?
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What is the mode of delivery for the CBM 122 - Economic Development course?
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Is 95% attendance required for all scheduled sessions in the CBM 122 - Economic Development course?
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What is the credit value for the CBM 122 - Economic Development course? It is a ____ Lecture.
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What is Absolute Poverty?
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What does GDP stand for?
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Development economics focuses solely on the efficient allocation of scarce resources.
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Amartya Sen's capability approach argues that poverty should not be measured by income or utility but by the capabilities individuals ____. (fill in the blank)
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Match the following terms with their definitions:
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What is the primary focus of economic development according to Sen?
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What are the three core values of development?
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What is the role of economic development in overcoming poverty and misery?
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What is the significance of self-esteem in development?
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What is the concept of freedom in development?
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What are the objectives of development?
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What are the Millennium Development Goals (MDGs)?
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What are the Sustainable Development Goals (SDGs)?
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What is development economics primarily focused on?
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What is the situation of being unable or barely able to meet the subsistence essentials of food, clothing, shelter, and basic health care known as? Absolute ________?
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Which organization provides development funds to developing countries in the form of interest-bearing loans, grants, and technical assistance?
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The Corruption Perception Index (CPI) measures the relative position of nations' and regions' peacefulness.
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What does HDI stand for?
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Which factors are used in the HDI formula?
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Extreme poverty is defined as living on less than $1.25 per day at purchasing power parity.
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______, education, and skills are vital to economic growth and human development.
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Match the following terms with their definitions:
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What does HDI stand for?
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Gender Inequality Index measures the inequality between men and women in terms of __________.
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Which indicator assesses the living standards of a country?
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What type of institutions did colonialists create in uncomfortable areas?
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How do extremes of heat and humidity affect soil quality in poor countries?
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Extreme heat and humidity can have positive effects on the productivity of crops.
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High heat and humidity not only cause discomfort to workers but can also weaken their __________.
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Match the following items in Column A with the specific choices in Column B:
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What is the main focus of the 'curse of natural resources'?
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Which of the following are aspects of market underdevelopment in developing countries?
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Postcolonial elites in many developing countries continued the exploitative role formerly played by colonial powers.
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Extreme inequality can lead to less movement toward democratic institutions, less investment in public goods, and less widespread investment in ______.
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Match the following differences in initial conditions for modern economic development:
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Study Notes
Course Information
- Course title: CBM 122 – Economic Development
- Course coordinator: Rex Lord V.Ranalan
- Email: [email protected]
- Mobile number: 09096773818
- Phone number: (084) 655 9591 Local 116
- Date of effectivity: June 2021
- Mode of delivery: Online blended delivery
- Time frame: 54 hours
- Student workload: Expected self-directed learning
- Requisites: None
- Credit: 3-unit lecture
- Attendance requirements: Minimum of 95% attendance in all scheduled virtual or face-to-face sessions and the Learning Management System (LMS)
Course Outline Policy
- Contact and non-contact hours: 54 hours, including face-to-face or virtual meetings
- Learning Management System (LMS): Quipper
- Online communication channels: Facebook, Messenger, WhatsApp, Viber, E-mail, Line, Zoom, Skype, or any other similar applications
- Assessment task submission: 2nd, 4th, and 6th weeks of the summer class
- Cover page requirements: Title of the assessment task, name of the course coordinator, date of submission, and name of the student
Assessment and Grading
- Turnitin submission: Maximum similarity index of 30% allowed
- Penalties for late assignments: 5% reduction of the possible maximum score for each day late
- Return of assignments: Within two weeks after submission
- Grading system:
- Examinations: 70% (Prelim: 15%, Midterm: 15%, Final: 40%)
- Class participations: 30%
- Total: 100%
- Preferred referencing style: APA 6th Edition
Student Communication
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Email account: Required to access the LMS portal
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Online communication channels: Same as above
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Meeting with the course coordinator: Scheduled face-to-face sessions or by appointment### Contact Details
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Dean of College: Larcyneil P. Pascual, MAED (Email: [email protected], Phone: 0975 0517 851)
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Program Head: Mary Cris L.Luzada, CPA, MSA (Email: [email protected], Phone: 09228321794)
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Library Contact: Clarissa R.Donayre, MSLS (Email: [email protected], Phone: 0927 395 1639)
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Well-being Welfare Support Help Desk: Rochen D.Yntig, RGC (Email: [email protected], Phone: 0932 771 7219)
Course Information - CBM 122: Economic Development
- Explore fundamental concepts of development economics
- Understand why some countries achieve economic and human development while others do not
- Terms and concepts: economic development, capabilities, functionings, gross domestic product (GDP), gross national income (GNI), freedom, self-esteem, and sustenance
Big Picture A
- Week 1-2: Discuss the nature of economic development, identify measures of development, and differentiate classical theories of economic development
- Metalanguage: key terms to remember, including absolute poverty, capabilities, developing countries, development, freedom, functionings, GDP, GNI, self-esteem, social system, and sustenance
Essential Knowledge
- Development economics is a rapidly evolving field of study that draws on principles and concepts from economics and political economy
- It is concerned with the economic, social, political, and institutional mechanisms necessary for rapid and large-scale improvements in levels of living
- Development economics combines traditional economic analysis with new models and broader multidisciplinary approaches
- It focuses on understanding developing economies to improve the material lives of the global population
What is Development?
- Traditional view: achieving sustained rates of growth of income per capita to enable a nation to expand its output
- New economic view: multidimensional process involving changes in social structures, popular attitudes, and national institutions, with a focus on reducing poverty, inequality, and unemployment
- Capability approach view: development should be evaluated based on the extent of freedom people have to promote and achieve their valued functions and capabilities### Development and Freedom
- Worthiness and esteem are conferred on countries that possess economic wealth and technological power.
- Human freedom involves an expanded range of choices for societies and their members, with minimization of external constraints.
Objectives of Development
- Development is both a physical reality and a state of mind where society has secured the means for obtaining a better life.
- Three objectives of development:
- Increase availability and widen distribution of basic life-sustaining goods (e.g., food, shelter, health, protection).
- Raise levels of living (e.g., higher incomes, more jobs, better education, greater attention to cultural and human values).
- Expand the range of economic and social choices available to individuals and nations.
Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs)
- MDGs are eight goals agreed upon by UN member states to combat poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women by 2015.
- SDGs replace MDGs, aiming to achieve a better and more sustainable future for all by 2030.
- SDGs address global challenges including poverty, inequality, climate, environmental degradation, prosperity, and peace and justice.
Measures of Development
- Development can be measured using different metrics, including:
- Per capita income (e.g., World Bank's classification of countries by economic status).
- Degree of international indebtedness (e.g., World Bank's classification of countries by debt levels).
- Level of human development (e.g., UNDP's Human Development Index (HDI)).
Human Development Index (HDI)
- HDI is a composite index measuring average achievement in three basic dimensions of human development:
- A long and healthy life.
- Knowledge.
- A decent standard of living.
- HDI ranks each country on a scale of 0 to 1 based on these three goals.
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Description
Self-instructional manual for self-directed learning in CBM 122, covering economic development. For students of Accountancy Program at Tagum College, University of Mindanao.