Led by Joseph Schumpeter Simulacrum
About this course
Joseph Schumpeter understood economic development as the engine of creative destruction — innovation driving growth, but unevenly, with winners and losers. This module covers the development curriculum of IGCSE Economics 0455: real GDP per head and HDI as indicators of living standards (with advantages and disadvantages of each), absolute versus relative poverty, the causes of poverty, policies to alleviate poverty, population dynamics (birth rates, death rates, net migration), optimum population, and the causes of international differences in economic development. Joseph Schumpeter Simulacrum leads.
Led by Joseph Schumpeter Simulacrum
The question
Why do living standards differ so dramatically between and within countries, and what can be done about poverty and the demographic forces that shape development? Schumpeter Simulacrum covers real GDP per head and HDI as living standard indicators with their advantages and disadvantages; the distinction between absolute and relative poverty; five causes of poverty; six policies to alleviate poverty with their mechanisms; population dynamics (birth rate, death rate, net migration definitions, causes of variation between countries); the concept of optimum population; the effects of population size and age-structure changes; and the eight causes of international development differences.
Outcome
The student can compare GDP per head and HDI as indicators, define and distinguish absolute and relative poverty, describe poverty causes and policies, explain population dynamics, and analyse causes of international development differences. (Module 5 — Economic Development)
Sub-units