Determinant of income levels and economic growth

Reference no: EM13740245

Economic Plan Project

1. With your group select a country that is classified as LIC by the World Bank.

2. Your group will need to determine which policies will help your developing country have real economic growth and ultimately prosper. As you know this is no small task and requires in depth and complex thought! The policies and reasoning should be based on sound economic thinking, models, and frameworks from class. You should use data and ideas from lecture along with case studies that give you insights into current issues.

3. Comment on which policies from your country will work and which won't. You should have a unified framework to analyze the country that all members from your group can discuss.

1. Introduce your essay with at least four sentences identifying the problems in the country and summarizing its main points as they relate to development. This will serve as an introduction to your discussion.

2. Describe briefly the determinants of income levels and economic growth according to the models and frameworks discussed in class.

3. Applying your answer to 2. in the context of the models/frameworks-at least three distinct reasons for why the country is growing at some specific rate-whatever it may be.

4. Conclude your essay with a summary highlighting your recommendations. Presentation Grading Criteria:

1. Presentation should show a complete understanding and mastery of all of the concepts used.

2. All members should contribute to the presentation in a consistent manner.

3. Presentation should have good mechanics, i.e. Flow, timing, rhythm, etc.

Reference no: EM13740245

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