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Development Economics [1]

Paper Code: 
ECO 514
Credits: 
4
Contact Hours: 
60.00
Objective: 

To acquaint the students with the concept of economic growth and development.

 

12.00
Unit I: 
  • Development: Nature , Meaning and Values
  • Capabilities approach
  • Objectives of development
  • Measurement of development: purchasing power parity and per capita income as an index of development, human development index
  • Difference between growth and development
  • Meaning and Characteristics of developing economies
12.00
Unit II: 
  • Land: ownership and tenancy system-fixed rent contract and share cropping
  • Role of agriculture in development and barriers to agricultural development
  • Labour: population and labour force growth, casual and long term labour, permanent labour market
  • Capital: role of capital accumulation in economic development, significance of capital output ratio, role of technology and technological progress, learning by doing, human capital
12.00
Unit III: 
  • Inequality: meaning, measures- Lorenz curve, range, coefficient of variation, Gini coefficient, Kuznet’s inverted U hypothesis
  • Poverty : relative and absolute, poverty line, poverty measures-head count ratio, poverty gap ratio, income gap ratio human poverty index
  • Social dimensions of poverty : rural poverty, women and ethnic minorities and indigenous populations
12.00
Unit IV: 
  • Disguised unemployment as a saving potential.
  • Unlimited supply of labour;
  • Balanced growth theory;
  • Hirschman’s Strategy
12.00
Unit V: 
  • Big Push Theory;
  • Critical minimum effort thesis;
  • Low level equilibrium trap;
  • Social and technical dualism
Essential Readings: 

1. Jhingan M.L., The Economics of Development of Planning, Vrinda Publications (P) Ltd., New Delhi.
2. Mishra, S.K. and Puri V.K., Economics of Development and Planning: Theory and Practice, Himalaya Publishing House, New Delhi.
3. Thirlwal, A. P., Growth and Development, McMillan, New York.
4. Todaro, M. P and S C Smith, Economic Development, Pearson Education.
5. Kindelberger, C. P., Economic Development, McGraw Hill, New York.
6. Meier; G. M. and James E, Rauch, Leading Issues in Economic Development, Oxford University Press.

Academic Session: 
2018-19 [2]

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Source URL: https://www.economics.iisuniv.ac.in/courses/subjects/development-economics

Links:
[1] https://www.economics.iisuniv.ac.in/courses/subjects/development-economics
[2] https://www.economics.iisuniv.ac.in/academic-session/2018-19