This Course will give the students a basic understanding of the concepts of economic growth, economic development and sustainable development. The students will learn about the different approaches of measuring the levels of economic development in an economy. The Course will enlighten the students about various challenges which hinder the process of economic development. In order to enhance the theoretical knowledge of the students, important classical models explaining the growth process in capitalistic economies has been included. Finally, various strategies to promote economic development depending on the economic resources and constraints have been included for deeper understanding of the growth pattern in different economies.