ECS3707 Assignment 3 Semester 2 2024 | Due 17 September 2024

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ECS3707 Assignment 3 Semester 2 2024 | Due 17 September 2024. All questions answered.

Question 1
1. 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?

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?

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.

 Question 2
2. 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? …….

……………. All questions answered.