Syllabus

Modules:
Unit-1: Basic Concepts of Economic Development
(a) Meaning of Economic growth and development- definition, features, measurement, obstacles to Economic Development, relation between economic growth and development.
(b) Factors of Economic Growth- Economic and non-economic factors.
Unit-2: Theories of Development
(a) Classical Theories of Growth- Adam Smith, David Ricardo, Karl Marx, Joseph A. Schumpeter Theory, Keynsian Theory of Growth, Rostow Growth Theory
(b) Balanced and Unbalaced Growth theories, Big Push Theory, Theory of Critical Minimum effort, Lewis theory, Low level of equilibrium trap and Harris-Todaro Model (Rural Urban Migration)
(c) Dualistic Theories-Benjamin Higgins, Boeke
(d) Strategic Theories- Robert Lewis, Rosenstien Rodan, Albert Hirschman, Leibenstien
(e)Population Vs. Technological Progress- Malthus, A.K. Sen, Gunnar Myrdal, J.R. Hicks, Nelson
(f) Mahalanobis Indian Model
Unit-3: Growth Models
(a) Post Keynsian/Neo-Classical Theories of Growth- Hansen, Harrod & Domar, Joan Robinson, Passinetti, Nikolas Kador, R.L Solow and Joan Robinson
Unit-4: Domestic and International Measures for Economic Development
(a) Capital formation and Economic Development- Role of Agriculture and Industry, Monetary and fiscal policy in economic development, deficit financing as an instrument, Price Policy, Population growth, Role of entrepreneurship and role of state on economic development
(b) Role of foreign trade and foreign capital-commercial policy, foreign capital and aid, and private foreign investment and MNCs.

The objective of this course is to provide an in-depth knowledge of economic growth and development with primary focus on the growth model and its applicability in India.

After the completion of this course, the students will be able to understand the relevance of growth and development and its application in economic analysis practically.

Taneja Mayer, Economic Growth and Development,, Vishal Publishing Co. New Delhi , Indian Publisher (common shop having this book), Reprint Edition,2014

Debraj Ray, Development Economics, Oxford India Paperbacks , Oxford India Paperbacks, 1998

C.P. Kindleberger, Economic Development, W.W. Norton & Co , Second Edition

Maurice Dobb, Some Aspects of Economic Development: Three Lectures, Students Bookshops (1951) , Paperback: 92 pages