Applied economic theories to economic growth and development. Meaning of development, economic growth, population and migration, capital flows, foreign aid, stabilisation and adjustment. Income distribution, poverty, hunger, household behaviour. Models of growth and developing emphasizing migration, moderization, technological change. Static and dynamic model of political economy.

CILO-1: Identify the impact of development policies on poverty, inequality and economic growth. CILO-2: Discuss the role of the state, the market and international organizations in development. CILO-3: Evaluate key challenges and opportunities for development. CILO-4: Apply economic theories to empirical analysis for low income economies.