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Class notes Economics Economic Development
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BEE 221MODULE 2
ECONOMIC
DEVELOPMENT
Copyright © 2012 Pearson Addison-Wesley. All rights reserved.
3-1
, BEE 221: Module 2
Classic Theories of Economic Growth and Development
Hours Topic Learning Outcomes Activities
Engage: The students will be asked their opinion
Hours 10-16 Explain the classical theories of as to how they can improve their lives, the
growth and development processes they have to undergo and the decisions
they have to make and the resources they need to
use.
Explore: The students will be asked to look into
what are their present capacities in relation to the
requisites to improve their lives.
Explain: The faculty will then expound on the need
for a scientific process to develop as persons as
nations with emphasis to classical theories that
have been developed by economists to explain the
process of development.
Elaborate: The faculty will expound on the
similarities and differences among the classical
theories.
Evaluate: A quiz will be administered to test the
students’ comprehension of each theory and for
students to expound on their application to the
development process of the Philippines or their
locality.
Hour 17 Do Graded Quiz
Hour 18-20 PRELIM EXAMINATION
Copyright © 2012 Pearson Addison-Wesley. All rights reserved.
3-2
,Chapter 3
Classic
Theories of
Economic
Growth and
Development
Copyright © 2012 Pearson Addison-Wesley. All rights reserved.
, INTRODUCTION
EVERY NATION STRIVES FOR DEVELOPMENT
But economic progress is not the only
component
DEVELOPMENT > material & financial
Widespread realization = national context +
international economic + social system
Copyright © 2012 Pearson Addison-Wesley. All rights reserved.
3-4
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