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Human Development Index and Report, Lorenz, Philips, kuznets curves-Economics Online Lectures #10

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Human Development Index and Report, Lorenz, Philips, kuznets curves-Economics Online Lectures #10

Human Development Index and Report, Lorenz, Philips, kuznets curves-Economics Online Lectures #10.This Online Lecture is Very Important for Various Economic Curves and Graphs. I have explained Lorenz Curve, Engel Curve, Philips Curve, Kuznets Curve and Human Development Index and Report 2016.
India's Rank on Human Development Report 2016 was 131 in 188 countries.
You Can Clear your Concepts Easily With Simple Explanation and Daily Life Examples in Hindi.

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ECONOMIC CURVES - LORENZ, LAFFER, PHILLIPS, KUZNET CURVE | LECTURE 5 | ECONOMICS UPSC PRELIMS 2018

There is a mistake in video please correct - Inequality on the Gini scale is measured between 0, where everybody is equal, and 1, where all the country's income is earned by a single person



ALL IN ONE ECONOMIC CURVES
- LORENZ CURVE
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- KUZNET CURVE


Introduction on UPSC CSE Economics For Prelims & Mains.

#Economics is a very important from the UPSC exam point of view. It is very crucial not just for CSE Prelims but for CSE Mains and interview as well.

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Different Economic CURVES, Know all about Laffer, Kuznets, Phillips and Lorenz Curves #UPSC #IAS

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Important Curves in Economics, Difference in Lorenz, Laffer, Phillips and Kuznets Curves explained

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कुज़नेट्स वक्र // KUZNETS CURVE

Economy - Laffer curve लाफर वक्र

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Kuznets Curve, Economic Development and Environment (UPSC) by Rameshwar Sir

Kuznets Curve, Economic Development and Environment (UPSC) by Rameshwar Sir

Economy for UPSC - Lecture 2 - HDI, Gini Coeffecient, SDG, Green GDP

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Human Development Index HDI

environmental Kuznet Curve (EKC) || Fully explained topic || IAS 2019

The environmental Kuznets curve (EKC), shows the relationship between economic progress and environmental degradation through time as an economy progresses.
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More about the topic:
The environmental Kuznets curve is a hypothesized relationship between environmental quality and economic development: various indicators of environmental degradation tend to get worse as modern economic growth occurs until average income reaches a certain point over the course of development.
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Economics-Lecture 1 National Income

Pushing France to the seventh place, India has become the world’s sixth-largest economy in terms of Gross Domestic Product (GDP). Make correct in video lecture.
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Environmental Kuznets Curve | Current Affairs

The environmental Kuznets curve (EKC), shows the relationship between economic progress and environmental degradation through time as an economy progresses. It describes that as countries develop initially, pollution increases. But later, as the economy achieves further development, pollution decreases. Empirical studies show that usually environmental factors like water, air etc. shows this path for several coutnries. Following diagram shows that relationship between economic development and level of economic degradation.

The curve is known after economist Simon Kuznets who made a well-known study about the relationship between inequality and economic development. In that study also, the relationship between inequality and economic development gives an inverted U shape; showing an increase in inequality first with economic development and then, inequality decreases with further development and per capita income.

The inverted U shape (∩)

When the stages of economic development is expressed on the X axis and Environmental degradation on the Y axis, the Environmental Kuznet curve gives an inverted ‘U’ shape (∩).

The Environmental Kuznets curve shows an increasing pollution with initial development. But further economic progress brings down pollution. Reason for this decline in pollution with economic progress is that at low incomes, people tend to value development over environmental quality. They exploit resources and nature. With wealth accumulation, they are willing care more about environmental quality and its improvement.

The relationship between environment and economic activities is very strong. For example, uncontrolled expansion of economic activities has now caused global warming and climatic changes. Economic activities especially industrial activities have to be regulated for the protection of the environment.

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Indian Economy- Lorenz curve, Laffer's curve , Gini coefficient, Kuznet's curve , Phillip's curve an

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लैफर वक्र // LAFFER CURVE

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Modern Economic Growth

HUMAN DEVELOPMENT INDEX (HDI) मानव विकास सूचकांक

Human Development
Human Development is defined as the process of enlarging people’s freedoms and opportunities and improving their well-being. Human development is about the real freedom ordinary people have to decide who to be, what to do, and how to live.
The human development concept was developed by economist Mahbub ul Haq.
He believed that the commonly used measure of Gross Domestic Product failed to adequately measure well-being.
Working with Nobel Laureate Amartya Sen and other economists, in 1990 Dr. Haq published the first Human Development Report, which was commissioned by the United Nations Development Programme.
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries human development. A country scores higher HDI when the lifespan is higher, the education level is higher, and the GDP per capita is higher
Calculation

Old method (before 2010 Index)
New method (2010 Index onwards)

The 2010 Human Development Index (HDI) combines three dimensions
Life expectancy
Education
Standard of living
1. Life Expectancy Index (LEI) =(𝐿𝐸−20)/(85−20)
LEI is 1 when Life expectancy at birth is 85 and 0 when Life expectancy at birth is 20
2. Education Index (EI) =(𝑀𝑌𝑆𝐼+𝐸𝑌𝑆𝐼)/2
 Mean Years of Schooling Index (MYSI) =𝑀𝑌𝑆/25
Average number of years of education received by people ages 25 and older, converted from education attainment levels using official durations of each level.
Expected Years of Schooling Index (EYSI) =𝐸𝑌𝑆/18
Number of years of schooling that a child of school entrance age can expect to receive if prevailing patterns of age-specific enrolment rates persist throughout the child's life.
3. Income Index (II) =(I𝑛⁡(𝐺𝑁𝐼𝑝𝑐)−I𝑛⁡(100))/(I𝑛⁡(75.000)−I𝑛⁡(100) )
Income Index is 1 when GNI per capita is $75,000 and 0 when GNI per capita is $100
HDI is the Geometric mean of the previous three normalized indices: HDI=∛(𝐿𝐸𝐼∗𝐸𝐼∗𝐼𝐼)

Economic Growth and Economic Development | Human Development Index in hindi | Economy PT-03

This is the part 3 of Economy Lecture series.
In this lecture we have explained about economic growth and economic development in hindi.
We have also explained the concept of human development by analyzing human development index (HDI ) detailed dicussion and findings on human development index 2017 focusing indian economy and various other economic development reports
such as Inequality Adjusted HDI (IHDI),Gender Development Index (GDI) and dicussion on findings of gender development index 2017,Gender Inequality Index (GII),Multidimensional Poverty Index (MPI).

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Please watch: banking and financial awareness for bank exams December 17 | IBPS Clerk | RBI Assistant | # PT-1

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लाफर वक्र , Laffer curve in hindi , Laffer Curve

Laffer curve

Lecture 44 लोरेन्ज वक्र और गिनी गुणक (भारतीय अर्थव्यवस्था )

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