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CBM 122 Economic Development
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CBM 122 Economic Development

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@SteadyBouzouki

Questions and Answers

How should assessment tasks be submitted?

  • Through Turnitin with a maximum 30% similarity index allowed (correct)
  • Hand-delivered to the course coordinator
  • Via email
  • Posted on social media

    • 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 ____________.

    <p>course coordinator</p> Signup and view all the answers

    Match the following contact details with their respective positions:

    <p>Dr.Gina Fe G.Israel = Dean of College Larcyneil P.Pascual, MAED = Assistant Dean Mary Cris L.Luzada, CPA, MSA = Program Head</p> Signup and view all the answers

    Who is the Teacher for the CBM 122 - Economic Development course?

    <p>Rex Lord V. Ranalan</p> Signup and view all the answers

    What is the mode of delivery for the CBM 122 - Economic Development course?

    <p>Online Blended Delivery</p> Signup and view all the answers

    Is 95% attendance required for all scheduled sessions in the CBM 122 - Economic Development course?

    <p>True</p> Signup and view all the answers

    What is the credit value for the CBM 122 - Economic Development course? It is a ____ Lecture.

    <p>3-unit</p> Signup and view all the answers

    What is Absolute Poverty?

    <p>A situation of being unable to meet the minimum levels of income, food, clothing, health care, shelter, and other essentials.</p> Signup and view all the answers

    What does GDP stand for?

    <p>Gross Domestic Product</p> Signup and view all the answers

    Development economics focuses solely on the efficient allocation of scarce resources.

    <p>False</p> Signup and view all the answers

    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)

    <p>value</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Capabilities = The freedoms that people have, given their personal features and their command over commodities. Developing Countries = Countries characterized by low levels of living and other development deficits. Gross National Income (GNI) = The total domestic and foreign output claimed by residents of a country. Self-esteem = The feeling of worthiness that a society enjoys when its systems promote human values.</p> Signup and view all the answers

    What is the primary focus of economic development according to Sen?

    <p>Being well, in the basic sense of being healthy, well nourished, well clothed, literate, and long-lived, and more broadly, being able to take part in the life of the community, being mobile, and having freedom of choice in what one can become and can do.</p> Signup and view all the answers

    What are the three core values of development?

    <p>Sustenance, self-esteem, and freedom.</p> Signup and view all the answers

    What is the role of economic development in overcoming poverty and misery?

    <p>Economic development is a necessary condition for the improvement in the quality of life, as it provides the means to overcome helplessness and misery arising from a lack of basic necessities.</p> Signup and view all the answers

    What is the significance of self-esteem in development?

    <p>Self-esteem is a sense of worth and self-respect, of not being used as a tool by others for their own ends.</p> Signup and view all the answers

    What is the concept of freedom in development?

    <p>Freedom involves an expanded range of choices for societies and their members, together with a minimization of external constraints in the pursuit of social goals.</p> Signup and view all the answers

    What are the objectives of development?

    <p>To increase the availability and distribution of basic life-sustaining goods, to raise levels of living, and to expand the range of economic and social choices available to individuals and nations.</p> Signup and view all the answers

    What are the Millennium Development Goals (MDGs)?

    <p>The MDGs are eight goals that all 191 UN member states have agreed to try to achieve by 2015, aiming to combat poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women.</p> Signup and view all the answers

    What are the Sustainable Development Goals (SDGs)?

    <p>The SDGs are the blueprint to achieve a better and more sustainable future for all, addressing global challenges related to poverty, inequality, climate, environmental degradation, prosperity, and peace and justice.</p> Signup and view all the answers

    What is development economics primarily focused on?

    <p>Development economics focuses primarily on the economic, social, and institutional mechanisms needed to bring about rapid and large-scale improvements in standards of living for the masses of poor people in developing nations.</p> Signup and view all the answers

    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 ________?

    <p>Poverty</p> Signup and view all the answers

    Which organization provides development funds to developing countries in the form of interest-bearing loans, grants, and technical assistance?

    <p>World Bank</p> Signup and view all the answers

    The Corruption Perception Index (CPI) measures the relative position of nations' and regions' peacefulness.

    <p>False</p> Signup and view all the answers

    What does HDI stand for?

    <p>Human Development Index</p> Signup and view all the answers

    Which factors are used in the HDI formula?

    <p>Life expectancy at birth</p> Signup and view all the answers

    Extreme poverty is defined as living on less than $1.25 per day at purchasing power parity.

    <p>True</p> Signup and view all the answers

    ______, education, and skills are vital to economic growth and human development.

    <p>Human capital</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Happiness Index = 4 HDI Score = d Upper-Middle Income = 5 UNDP’s Level of HDI = e Lower Levels of Human Capital = 6 Medium Human Development = 7 Climate = 8 Gender Inequality Index = 9 External Dependence = 10 Development Indicator = i WB Degree of Indebtedness = j PPP = k</p> Signup and view all the answers

    What does HDI stand for?

    <p>Human Development Index</p> Signup and view all the answers

    Gender Inequality Index measures the inequality between men and women in terms of __________.

    <p>empowerment</p> Signup and view all the answers

    Which indicator assesses the living standards of a country?

    <p>Standard of Living</p> Signup and view all the answers

    What type of institutions did colonialists create in uncomfortable areas?

    <p>extractive institutions</p> Signup and view all the answers

    How do extremes of heat and humidity affect soil quality in poor countries?

    <p>Deteriorate soil quality</p> Signup and view all the answers

    Extreme heat and humidity can have positive effects on the productivity of crops.

    <p>False</p> Signup and view all the answers

    High heat and humidity not only cause discomfort to workers but can also weaken their __________.

    <p>health</p> Signup and view all the answers

    Match the following items in Column A with the specific choices in Column B:

    <p>Adverse Geography = b. Common Features of Developing Worlds Global Peace Index = c. Greater Social Fractionalization = a. HDI</p> Signup and view all the answers

    What is the main focus of the 'curse of natural resources'?

    <p>distribution of wealth</p> Signup and view all the answers

    Which of the following are aspects of market underdevelopment in developing countries?

    <p>Inefficient regulation of common property resources</p> Signup and view all the answers

    Postcolonial elites in many developing countries continued the exploitative role formerly played by colonial powers.

    <p>True</p> Signup and view all the answers

    Extreme inequality can lead to less movement toward democratic institutions, less investment in public goods, and less widespread investment in ______.

    <p>human capital</p> Signup and view all the answers

    Match the following differences in initial conditions for modern economic development:

    <p>Physical and human resource endowments = Ingenuity and technical skills of people Per capita incomes and levels of GDP = Income gaps between countries Climate = Success of countries in temperate zones</p> Signup and view all the answers

    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

    • Email account: Required to access the LMS portal

    • Online communication channels: Same as above

    • Meeting with the course coordinator: Scheduled face-to-face sessions or by appointment### Contact Details

    • Dean of College: Larcyneil P. Pascual, MAED (Email: [email protected], Phone: 0975 0517 851)

    • Program Head: Mary Cris L.Luzada, CPA, MSA (Email: [email protected], Phone: 09228321794)

    • Library Contact: Clarissa R.Donayre, MSLS (Email: [email protected], Phone: 0927 395 1639)

    • 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.

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