|
Unit |
1: |
Economic Growth and Development |
(15 Periods) |
|
|
1.1. |
Concepts of growth and development-Characteristics of LDCs- Indicators of development |
|
|
|
1.2. |
Factors affecting economic growth-Growth models: Harrod- Domar, balanced and unbalanced growth- Solow Model. |
|
|
|
1.3 |
Hicks; optimal savings and Ramsay’s rule; golden rule of accumulation |
|
|
|
1.4. |
AK model |
|
|
Unit |
2: |
Theories of Development |
(15 Periods) |
|
|
2.1. |
Classical theory of development: contributions of Ricardo, Karl Marx: theory of social change, surplus value and profit. |
|
|
|
2.2. |
Cobb-Douglas production function- Big push theory- Rosenstein Rodan - Myrdal. |
|
|
|
2.3. |
Critical minimum effort thesis and low income equilibrium trap of Libenstin |
|
|
|
2.4. |
Ranis and Fei Model |
|
|
Unit |
3: |
Social and Sectoral Aspects of Development |
(15 Periods) |
|
|
3.1. |
Choice of techniques and appropriate technology and employment |
|
|
|
3.2. |
Terms of trade between agriculture and industry |
|
|
|
3.3. |
Measuring development and development gap – Kuznet curve |
|
|
|
3.4. |
Human Development index and other indices of development and quality of life |
|
|
Unit |
4: |
Macroeconomic Policies and Development |
(15 Periods) |
|
|
4.1. |
Role of monetary and fiscal policies in developing countries |
|
|
|
4.2. |
Inclusive Growth- Washington Consensus- Decentralization – Micro level planning |
|
|
|
4.3. |
Review of post-liberalization development performance of India |
|
|
|
4.4. |
Contemporary development problems |
|