10.1 Define economic development and explore the classifications of countries based on levels of economic development.
10.2 Describe the arguments for and against a market-led development strategy.
10.3 Explain the link between centrally planned economies and Marxism, and explain its drawbacks.
10.4 Discuss the logic behind each of the various state-led development models, and describe their successes and failures.
10.5 Describe how human capital and infrastructure development help economies develop.
10.6 Identify the main components of fiscal and monetary policies, and explain how each type of policy impacts demand for goods and services.