Major · Economics · Semester 5 · TY BA · 4 credits · 100 marks · 60 hours
Module 1: Concepts of Economic Growth and Development: (15Hours)
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Meaning & difference between economic growth and development, Indicators of Growth & Development – Meaning of Human Development: HDI & GDI - Amartya Sen’s Capability Approach of Development- Meaning & indicators of Sustainable Development- Concept of Human Happiness & Gross Happiness Index- Concept & Need of Inclusive Growth
Module 2: Theories of Economic Growth (15Hours)
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Adam Smith's theory of economic development, Karl Marx's theory of economic development- W. W. Rostow's Stages of growth theory, Harrod-Domar growth model - Lewis dual sector model - Schumpeter's theory of development.
Module 3: Development Issues and Policies (15Hours)
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Concept of Human Capital- Role of education health and nutrition in human capital-Meaning and measurement of Poverty and Inequality - Measures to eradicate poverty and inequality, Migration, Urbanization, Formal and informal Sector- Environmental sustainability and climate change- Self Help Groups and Micro Finance,
Module 4: Planning Technology and Economic Development (15Hours)
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Concept and Role of infrastructure in economic development- Role of Technology in economic development- Labour-intensive versus Capital-intensive Technology, Schumacher’s concept of intermediate and appropriate Technology -Green technology -Meaning & types of Economic Planning -Role of planning in economic development. - NITI Aayog.
Reference Books
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1
Todaro, M. P. & Smith, S. C. Economic Development, Pearson.
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2
Thirlwall, A. P. Growth and Development: With Special Reference to Developing Economies, Palgrave.
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3
Michael Barro, Robert J. & Xavier Sala-i-Martin Economic Growth, MIT Press.
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4
Debraj Ray Development Economics, Oxford University Press.
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5
Misra, S. K. & Puri, V. K. Indian Economy, Himalaya Publishing House.
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6
Uma Kapila (Ed.) Indian Economy: Performance and Policies, Academic Foundation.
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7
Dhingra, I. C. Indian Economy, Sultan Chand.
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8
Jhingan, M. L. Economics of Development and Planning, Vrinda Publications.
