Podcast
Questions and Answers
What does a higher Gini coefficient indicate?
What does a higher Gini coefficient indicate?
- Greater equality
- Greater inequality (correct)
- Higher economic growth
- Greater poverty
How is the Average Poverty Gap (APG) calculated?
How is the Average Poverty Gap (APG) calculated?
- APG = TPG + N
- APG = TPG / N (correct)
- APG = TPG * N
- APG = N / TPG
Which of the following is NOT a dimension of the Multidimensional Poverty Index (MPI)?
Which of the following is NOT a dimension of the Multidimensional Poverty Index (MPI)?
- Education
- Living standards
- Health
- Environmental stability (correct)
What is required for someone to be classified as multidimensionally poor?
What is required for someone to be classified as multidimensionally poor?
Which of the following best defines poverty?
Which of the following best defines poverty?
What does the Average Income Shortfall (AIS) measure?
What does the Average Income Shortfall (AIS) measure?
Which of the following factors does NOT contribute to poverty measurements?
Which of the following factors does NOT contribute to poverty measurements?
Which statement about the Lorenz curve is true?
Which statement about the Lorenz curve is true?
What primarily contributes to the decline in mortality rates in developing countries?
What primarily contributes to the decline in mortality rates in developing countries?
What characterizes the age structure in developing countries?
What characterizes the age structure in developing countries?
According to Thomas Malthus, what is the relationship between population growth and resource availability?
According to Thomas Malthus, what is the relationship between population growth and resource availability?
What is a potential consequence of a high youth dependency ratio in developing countries?
What is a potential consequence of a high youth dependency ratio in developing countries?
What phenomenon marks the demographic transition in a population?
What phenomenon marks the demographic transition in a population?
What has been a significant impact of the transition from high birth and death rates?
What has been a significant impact of the transition from high birth and death rates?
Why do developing countries face a potential crisis regarding their growing workforce?
Why do developing countries face a potential crisis regarding their growing workforce?
What did Thomas Malthus predict about food supply in relation to population growth?
What did Thomas Malthus predict about food supply in relation to population growth?
What factor is suggested to improve outcomes for women in societies with son preference?
What factor is suggested to improve outcomes for women in societies with son preference?
Which of the following is NOT listed as a dimension in which women in developing countries are worse off?
Which of the following is NOT listed as a dimension in which women in developing countries are worse off?
How does health capital directly affect education?
How does health capital directly affect education?
Which of the following is true regarding the investment in children's education and health?
Which of the following is true regarding the investment in children's education and health?
What is a defining characteristic of child labor as per the international labor organization?
What is a defining characteristic of child labor as per the international labor organization?
In what ways can the preference for sons be mitigated, according to the provided content?
In what ways can the preference for sons be mitigated, according to the provided content?
Which of the following illustrates the relationship between health and education?
Which of the following illustrates the relationship between health and education?
What is suggested regarding girls' education when parents learn about economic returns?
What is suggested regarding girls' education when parents learn about economic returns?
What is an example of a market failure in education and health mentioned?
What is an example of a market failure in education and health mentioned?
How do direct and indirect costs relate to education?
How do direct and indirect costs relate to education?
What is the primary goal of health care policies in poor countries?
What is the primary goal of health care policies in poor countries?
What is a significant barrier faced by poor individuals regarding health education?
What is a significant barrier faced by poor individuals regarding health education?
Which factor primarily contributes to global warming as described in the content?
Which factor primarily contributes to global warming as described in the content?
Which strategy is NOT mentioned as a solution for climate change mitigation?
Which strategy is NOT mentioned as a solution for climate change mitigation?
What is the difference between mitigation and adaptation in the context of climate change?
What is the difference between mitigation and adaptation in the context of climate change?
What is a major source of emissions identified in developing countries?
What is a major source of emissions identified in developing countries?
Which approach is highlighted for mitigating climate change?
Which approach is highlighted for mitigating climate change?
What adaptation policy can help prevent disasters in vulnerable communities?
What adaptation policy can help prevent disasters in vulnerable communities?
What is one of the primary economic motivations for families to have fewer children?
What is one of the primary economic motivations for families to have fewer children?
Which factor is associated with a decrease in fertility rates according to microeconomic theory?
Which factor is associated with a decrease in fertility rates according to microeconomic theory?
How does access to contraceptives influence fertility rates?
How does access to contraceptives influence fertility rates?
What role does female autonomy play in fertility decisions?
What role does female autonomy play in fertility decisions?
In Zambia, how did the provision of free contraceptive vouchers affect women's behavior?
In Zambia, how did the provision of free contraceptive vouchers affect women's behavior?
What societal factors can influence fertility decisions?
What societal factors can influence fertility decisions?
Which of the following is NOT a factor that increases the demand for fewer children?
Which of the following is NOT a factor that increases the demand for fewer children?
What is a characteristic of children in developing countries as described in the economic framework?
What is a characteristic of children in developing countries as described in the economic framework?
What is one of the potential benefits parents expect from having more children?
What is one of the potential benefits parents expect from having more children?
Which of the following is likely to discourage large families according to empirical studies?
Which of the following is likely to discourage large families according to empirical studies?
What is a primary cause of the tragedy of the commons?
What is a primary cause of the tragedy of the commons?
Which of the following is a characteristic of public goods?
Which of the following is a characteristic of public goods?
What is the recommended solution to reduce pollution from common resources?
What is the recommended solution to reduce pollution from common resources?
What design principle proposed by Elinor Ostrom involves monitoring resource usage?
What design principle proposed by Elinor Ostrom involves monitoring resource usage?
Which policy option is most beneficial for improving resource management in both developed and developing countries?
Which policy option is most beneficial for improving resource management in both developed and developing countries?
Which negative externality is associated with congested roads?
Which negative externality is associated with congested roads?
What is one major impact of poor environmental conditions in urban slums?
What is one major impact of poor environmental conditions in urban slums?
What is one way governments can address market failures related to the environment?
What is one way governments can address market failures related to the environment?
Which of the following is NOT considered a public bad?
Which of the following is NOT considered a public bad?
What environmental issue is commonly linked to deforestation in developing countries?
What environmental issue is commonly linked to deforestation in developing countries?
Flashcards
Gini Coefficient
Gini Coefficient
A measure of income inequality within a population. A higher Gini coefficient indicates greater inequality. It is calculated as the ratio of the area between the Lorenz curve and the line of perfect equality, to the area of the triangle under the line of perfect equality.
Lorenz Curve
Lorenz Curve
A graphical representation of income distribution. It shows the cumulative percentage of income against the cumulative percentage of the population, ordered from lowest to highest income. The more bowed the Lorenz curve is, the greater the income inequality.
Poverty
Poverty
The deprivation in well-being of individuals due to insufficient income or consumption to reach a basic standard of living.
Average Income Shortfall (AIS)
Average Income Shortfall (AIS)
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Multidimensional Poverty Index (MPI)
Multidimensional Poverty Index (MPI)
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Average Poverty Gap (APG)
Average Poverty Gap (APG)
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Global Multidimensional Poverty Index (MPI)
Global Multidimensional Poverty Index (MPI)
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Dual Cutoff Identification
Dual Cutoff Identification
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Declining Mortality Rates
Declining Mortality Rates
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Population Growth Trends
Population Growth Trends
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Youth Dependency Burden
Youth Dependency Burden
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Population Pyramids
Population Pyramids
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Demographic Transition
Demographic Transition
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Working-Age Population Growth
Working-Age Population Growth
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Malthusian Theory
Malthusian Theory
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Malthus' Food Scarcity Argument
Malthus' Food Scarcity Argument
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Microeconomic Theory of Fertility
Microeconomic Theory of Fertility
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Costs of having children in the microeconomic theory
Costs of having children in the microeconomic theory
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Benefits of having children in the microeconomic theory
Benefits of having children in the microeconomic theory
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Factors that decrease fertility according to the microeconomic theory
Factors that decrease fertility according to the microeconomic theory
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Fertility and Education
Fertility and Education
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Impact of Female Employment on Fertility
Impact of Female Employment on Fertility
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Old-age security and fertility
Old-age security and fertility
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Fertility and Contraceptives
Fertility and Contraceptives
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Intra-household Fertility Decisions
Intra-household Fertility Decisions
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Fertility Decisions and Preferences
Fertility Decisions and Preferences
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Global Warming
Global Warming
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Climate Change
Climate Change
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Mitigation
Mitigation
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Adaptation
Adaptation
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Mitigation Strategies
Mitigation Strategies
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Adaptation Policies
Adaptation Policies
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Prevention vs. Immediacy
Prevention vs. Immediacy
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Developing Countries' Role in Emissions
Developing Countries' Role in Emissions
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Son Preference
Son Preference
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Human Capital
Human Capital
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Income Inequality and Human Capital
Income Inequality and Human Capital
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Child Labor
Child Labor
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Private Returns to Education
Private Returns to Education
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Social Returns to Education
Social Returns to Education
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Private Returns Exceeding Social Returns
Private Returns Exceeding Social Returns
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Education and Health as Joint Investments
Education and Health as Joint Investments
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Capabilities Approach to Development
Capabilities Approach to Development
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Disadvantage of Women in Developing Countries
Disadvantage of Women in Developing Countries
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Tragedy of the Commons
Tragedy of the Commons
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Externalities
Externalities
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Public good
Public good
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Public bad
Public bad
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Corrective tax
Corrective tax
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Regulation
Regulation
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Tradable permits
Tradable permits
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Overexploitation
Overexploitation
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Carbon taxes
Carbon taxes
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Caps on greenhouse gases
Caps on greenhouse gases
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Study Notes
Introduction to Development
- Movement up strata is often gradual, sometimes rapid and transformative, occurring during a single person's life.
- Development is about improving well-being, broadly understood, not just income.
- The New Economic View of Development emphasizes capabilities, focusing on the quality of life individuals can achieve, influenced by the UN development index.
- Sen's capability approach stresses opportunities to use commodities for well-being, rather than just the commodities themselves.
Causality and Policy Evaluation
- Impact: the causal effect of one factor on another.
- Regression analysis explains variation in an outcome using explanatory variables.
- A counterfactual is what would have happened without intervention, not directly observed.
- The selection problem exists when treated are different from untreated, impacting accurate impact measurement. Differences must be controlled for in a regression
Economic development measures and growth
- Traditional methods include GNI and GDP, using purchasing power parity to avoid exchange rate issues.
- The World Bank classifies countries based on GNI per capita as low, lower-middle, upper-middle, or high-income.
- GNI is the total value of goods and services produced by residents of a country. GDP is the national output produced within a country.
New Human Development Index (NHDI)
- NHDI uses a geometric mean rather than an arithmetic mean to compute the index.
- It considers health (life expectancy, school attainment), education (average and expected schooling), and income (GNI per capita PPP).
Poverty and Inequality
- Extreme income inequality hinders efficiency (smaller savings rates, inefficient allocation of assets).
- Inequality may cause instability and social conflict.
- Income and expenditure measures are used to define poverty.
Multidimensional Poverty Index (MPI)
- The MPI considers deprivations in health, education, and standard of living.
- A person is identified as multidimensionally poor if they are deprived in at least one-third of the dimensions
Population and Fertility
- Declines in mortality, improved nutrition, and spread of modern sanitation are factors behind population growth.
- Demographic transition involves changes in birth and death rates.
- Stages in this transition include high birth/high death rates, falling death rates, and then both rates stabilizing.
- Population control policies are implemented in some countries.
Gender
- Gender inequality persists in some countries.
- Sex-selective abortion can impact sex ratios.
- Societies' preferences and cultural norms affect whether girls or boys are valued in some regions.
Economic Value of Women
- Women's economic roles, particularly in the workforce, are influenced by education, cultural and social factors.
- Son preference is a driver of gender inequality; this is particularly true when people believe that investment in daughters doesn't offer an adequate return
Health and Education
- Children's health impacts education outcomes (e.g., attendance, achievement).
- Better health and education yield higher productivity in the economy.
Child Labor
- Child labor is prevalent in many developing countries.
- It is a major form of economic exploitation and also impacts opportunities for education
Environment and Development
- Global warming and long-term heating of the Earth's surface is occurring; this is caused by increases in greenhouse gas levels.
- Climate change impacts include fluctuations in average weather patterns.
- Mitigation and adaptation strategies for dealing with the impacts of climate change are being explored and implemented.
Risk and Insurance
- Informal insurance networks can protect against risk but are limited in scope and applicability
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