This is an online course from Saylor.org.
The phrase "economic development" generally refers not only to economic growth, but to changes in the ways in which goods and services are produced in a country as well as improvements in inhabitants' quality of life. Theories of economic development attempt to explain the social, political, and economic processes that countries go through as they transition from being what are known as "Less Developed Countries" (LDCs) to being "Developed Countries" (DCs). In this course, the student will discover how various theories explain development success and failure in the real world. This free course may be completed online at any time. See course site for detailed overview and learning outcomes. (Economics 304)