Module code: EC3061
Why is that when a country seeks to develop and achieve economic growth the inequality between the rich and poor increases? Developing countries such as China, India and Brazil have seen rapid growth whilst other developing countries have remained stationary, but there is still a substantial gap in the living standards of the haves and the have nots. This inequality in income and resources is not unique to developing countries, it can be found in some of the biggest economies around the world, including the United States, Germany and the UK.
What is the link between economic growth and factors that control our quality of life - healthcare and income? How can economists empirically measure the impact that development will have on poverty, income inequality and what policies - if any - nations implement to tackle these issues? These are some of the core themes you will get to explore in this module.