Economic Development: concept, indicators to development, growth and development; Developing countries diverse structure and common characteristics; Obstacles to economic development; Factors of economic growth economic and non-economic; Economic growth in historical perspective: basic concepts, Kuznets characteristics of modern economic growth; Historical growth experience, its lessons for developing countries; Capital formation and economic development; Poverty and income inequalities in developing countries; Role of agriculture and industry in economic development; Entrepreneurship in economic development; Technology and economic development; Commercial policy; Balance of payments and trade strategy.