BASIC DEVELOPMENT ECONOMICS | UNIT 1 | ONE SHOT | DU/SOL/REGULAR/NCWEB

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🎓 Basic Development Economics – Unit 1 One Shot | Delhi University Complete Explanation

Welcome to this complete ONE SHOT lecture on Unit 1: Basic Development Economics, specially designed for Delhi University (DU) students studying Economics, B.A. (Hons) Economics, B.Com, B.A. Programme, and related courses.

This video explains core concepts of development economics from the basics, in simple and clear language, making it perfect for beginners, exam preparation, and last-minute revision.


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🔍 What You Will Learn in This Video (Unit 1 – Complete Coverage)

This lecture builds a strong foundation of Development Economics, focusing on how economies grow, why some countries are poor, and how development is measured.


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✅ Introduction to Development Economics

Meaning of Development Economics

Difference between economic growth and economic development

Why development economics is important for developing countries like India



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✅ Concept of Economic Development

Meaning and nature of economic development

Development as a multi-dimensional concept

Economic, social, and institutional aspects of development



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✅ Economic Growth vs Economic Development

Meaning of economic growth

Key differences between growth and development

Why growth alone is not enough for development

Examples from developing economies



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✅ Characteristics of Underdeveloped / Developing Economies

Low per capita income

Poverty and inequality

Unemployment and underemployment

Dependence on agriculture

Low level of industrialization

Population growth and human capital issues



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✅ Measurement of Economic Development

Need for measuring development

Limitations of income-based measures



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✅ Per Capita Income (PCI)

Meaning and calculation

Importance of PCI

Limitations of PCI as a measure of development



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✅ Human Development Index (HDI)

Meaning of HDI

Components of HDI:

Income

Education

Health


HDI calculation (conceptual)

Advantages of HDI over per capita income



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✅ Other Indicators of Development

Life expectancy

Literacy rate

Infant mortality rate

Poverty index

Gender-related development indicators



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🎯 Why This Video Is Important for DU Students

✔ Covers 100% of Unit 1 syllabus
✔ Explained in very easy and student-friendly language
✔ Perfect for concept clarity + exam writing
✔ Ideal for first-time learners of economics
✔ Helps in writing structured long answers


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👩‍🎓 Who Should Watch This Video?

Delhi University Economics students

B.A. (Hons) Economics & B.A. Programme students

Students preparing for semester exams and internals

Beginners learning development economics for the first time

Aspirants preparing for UPSC, CUET PG, NET (basic concepts)



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📌 Key Takeaways from This One Shot

Clear understanding of what development really means

Strong base for higher units of development economics

Ability to differentiate between growth and development in exams

Better understanding of India and developing economies



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📚 Exam-Oriented Keywords Covered

Development Economics

Economic Development

Economic Growth vs Development

Developing Economy Characteristics

Per Capita Income

Human Development Index (HDI)

Indicators of Development

Poverty and Inequality

Delhi University Economics Unit 1



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