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Master of Commerce (M.Com.) Economic Growth and Development Syllabus - Mumbai University

Economic Growth and Development Syllabus.pdf
Mandatory course · Semester 1 · M.Com. Business Economics · 4 credits

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Syllabus for Economic Growth and Development

Mandatory course · Semester 1 · M.Com. Business Economics · 4 credits

Module I: Principles, Concepts and Theories of Growth and Development (2

  • Credits)
  • Unit 1 Introduction to Economic Growth and Development Introduction to Economic Growth and Development, Definition and scope of economic growth and development, Key concepts and indicators of economic growth and development. Economic Development and Its Dimensions: Human development and capabilities approach, International Comparison of Incomes: PPP and Exchange Rate Approaches. Social, political, and environmental dimensions of development, Sustainable development goals (SDGs)
  • Unit 2 Theories of Economic Development and Growth Classical and Neo-Classical Theory of Economic Development: Adam Smith, The Harrod-Domar Model, Solow model of economic growth, The Big push theory, Schumpeter’s theory of development.

Module II: Policies, Strategies and Challenges of Growth and Development (2

  • Credits)
  • Unit 3 Economic Development Policies and Strategies Importance of human capital in economic growth, Demographic Dividend, Role of institutions in fostering economic growth: Importance of Good Governance, Financial Inclusion and Development: Role of Microfinance, inclusive banking, and financial sector development, Role of technology in economic development.
  • Unit 4 Challenges and Issues in Economic Growth and Development Poverty, Inequality, and Inclusive Development: Measurement and causes of poverty and inequality, Policies for promoting inclusive development: Sustainable Development and Environmental Challenges, Environmental degradation and its impact on development, Globalization and Development: Globalization and its effects on developing countries, Strategies for integrating into the global economy.

References

  • 1 Todaro, M. P., & Smith, S. C. (2019). Economic Development. Pearson.
  • 2 Ray, D. (1998). Development Economics. Princeton University Press.
  • 3 Meier, Gerald M. and James E. Rauch (2006). Leading Issues in Economic Development, 8e. Oxford Univ. Press
  • 4 Mark P. Taylor (2017). Economic Development: Theory and Practice for a Divided World. Pearson.
  • 5 Pierre-Richard Agénor and Peter J. Montiel (2015). Development Economics, Princeton University Press
  • 6 Banerjee Abhijit V, Esther Duflo (2013) ‘Poor Economics: Rethinking Poverty & the Ways to End it. Penguin

Reproduced from the University of Mumbai syllabus for M.Com. (Business Economics) under NEP 2020, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its specialisation. Open a document here if you want the whole thing rather than a single subject.

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