ECONOMIC DEVELOPMENT ECON 4784
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This 1 page Class Notes was uploaded by Bridie Batz on Friday October 30, 2015. The Class Notes belongs to ECON 4784 at University of Colorado at Boulder taught by Ahmed Mobarak in Fall. Since its upload, it has received 19 views. For similar materials see /class/232131/econ-4784-university-of-colorado-at-boulder in Economcs at University of Colorado at Boulder.
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Date Created: 10/30/15
A Mushfiq Mobarak Econ 4784 7 University of Colorado Boulder February 2004 Some Review Questions 1 Draw the Lorenz Curve for the following two income distributions 10203040 5 25 35 35 Just based on the Lorenz curve is it possible to compare inequality for these two distributions Why or why not 2 Is the population principle satis ed for the following measures of income inequality a Variance of Incomes b Distance from maximum income to median income c Coef cient of Variation of income 3 Are the Relative Income Principle and the PigouDalton Transfer Principle satis ed for the above 4 Does the slope of the Lorenz curve increase or decrease as you move right Why 5 If we run a growth regression with Initial GDP per capita as one our explanatory variables what does the Solow model say we should expect for the coef cient of Initial GDP per capita What does the HarrodDomar model say that we should expect 6 What does the Solow growth model predict about longterm growth rates in countries What does the HarrodDomar model predict What aspect of or assumption in the Solow model sets it apart from the HarrodDomar model and allows us to get these different predictions What is the intuition behind why this difference in assumptions changes the models predictions 7 What are possible responses of a country s citizens to rising income inequality What factors determine which type of response is likely to be observed 8 List a few important components of development and discuss why they are important in studying the economics of development You may want to relate your discussion back to the de nition of development given on the rst day of class
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