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ECS3707
Assignment 3
Semester 2
2024 (895997) -
DUE 17
September
2024
[Type the document subtitle]
, ECS3707 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 (895997) - DUE 17 September 2024
Course
Development Economics (ECS3707)
Institution
University Of South Africa (Unisa)
Book
Development Economics
ECS3707 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 (895997)
- DUE 17 September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations Ensure your success with us..
QUESTION 1 [40 MARKS] Critically assess the merits of using economic
metrics such as Gross Domestic Product (GDP) per capita versus broader
multidimensional measures like the Human Development Index (HDI) or
Multidimensional Poverty Index (MPI) for understanding development
progress. 1.1 Compare and contrast the key components and methodologies
of GDP per capita, HDI, and MPI. What aspects of development does each
aim to capture? (15) 1.2 Evaluate the strengths and limitations of GDP per
capita as a measure of development based on Amartya Sen's capability
framework. How well does it reflect people's substantive freedoms and
capabilities? (15) 1.3 Analyse how the HDI and MPI incorporate the capability
approach compared to GDP per capita. Do they provide a more
comprehensive picture of development? Explain why or why not. (10)
QUESTION 2 [40 MARKS] Apply the different measurement approaches to
contrast the development levels of Rwanda and Ghana using the following
data sources: Rwanda: UNDP Human Development Report - Rwanda
( Ghana: UNDP Human Development Report - Ghana ( 2.1 Summarise
Rwanda's key development indicators from the AfDB report, including GDP
per capita, life expectancy, expected years of schooling, and MPI. How do
these paint Rwanda's development picture? (10) 2.2 Outline Ghana's main
development statistics from the World Bank overview, such as GDP growth,
poverty rates, literacy, and inequality metrics. What do these indicate about
Ghana's development status? (10) 2.3 Compare Rwanda and Ghana's
development levels and progress using GDP per capita. Which country seems
more developed based on this metric and why? (5) 2.4 Contrast your GDP per
capita assessment by comparing Rwanda and Ghana using their HDI and MPI
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