Syllabus
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Course Code: M-BECOC-017 Course Name: Economics Of Growth And Development-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Approaches to Development Balanced and Unbalanced Growth; Critical Minimum Efforts Theory; Low Income Equilibrium Trap; Dual Economy: Models of Lewis, Fei-Ranis, Jorgensen, Basic idea of Dixit and Marglin, Kelly et.al. Reading List • Adelman, I. (1961).Theories of Economic Growth and Development. Stanford University Press, Stanford. • Ghatak, S. (1986).An Introduction to Development Economics. Allen and Unwin, London. • Higgins, B. (1959). Economic Development. W.W. Norton, New York. • Hirschman, A.O. (1958).The Strategy of Economic Development. Yale University Press, New York. • Kindleberger, C.P. (1977).Economic Development. McGraw Hill, New York. • Lewis, W.A. (1955). The Theory of Economic Growth. George Allen and Unwin, London. • Thirlwal, A.P. (1999). Growth and Development. Macmillan, U.K. |
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| 2 | Sectoral Aspects of Development Role of Agriculture in Economic Development; Heterogeneity in Agriculture; Agricultural Transformation: Designing Strategy for Agriculture Transformation; Rationale and Pattern of Industrialization in developing Countries; Choice of Techniques, Appropriate technology and employment; Terms of Trade between Agriculture and Industry. Services Sector in Developing Economies: Role, growth and sustainability, Infrastructure and its importance. Reading List • Bhagwati, J. & Desai, P. (1970). India: Planning for Industrialization. Oxford University Press, London. • Brown, M. (1966). On the Theory and Measurement of Technical Change. Cambridge University Press, Cambridge, Mass. • Grossman, G. and E. Helpman (1991). Innovation and Growth in the Global Economy. MIT Press, Cambridge, Mass. • Schultz, Paul T. & Strauss, J. (Eds.). (2008). Handbook of Development Economics, Vol. 4. Elsevier, Amsterdam. • Schultz, T.W. (1968). Economic Growth and Agriculture. McGraw Hill. • Sen, A.K. (Ed.). (1990). Growth Economics. Penguin, Harmondsworth. |
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| 3 | International Trade Theory and Development Strategy Key Issues in International Trade; Critique of Traditional Tree Trade Theory; Trade Policy Debate: Export Promotion, Import Substitution and Economic Integration; Globalization and Development: View of Stiglitz. Reading List • Aydin, H. I., Ziolo, M. & Balacescu, A. (Eds.). (2017). Economic Development: Global & Regional Studies. IJOPEC Publication, London. • Todaro, M.P. & Smith, S.C. (2003). Economic Development. Pearson Education, Delhi. |
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| 4 | Emerging Issues in Development Role of financial Institutions in economic development: Theory (Acemoglu and ZilibottiModel) and Evidence. New Institutional Economics: Role of Market, State and Civil Society. Post 2015 Development Agenda: Impasse in Development Studies and the Alternatives to the Impasse. Reading List • Meier, G.M. & Rauch, J.E. (2005).Leading Issues in Economic Development. Oxford University Press, New Delhi. • Menard, C. & Shirley, M.M. (2008). Handbook of New Institutional Economics. Springer Science & Business Media. • Todaro, M.P. & Smith, S.C. (2003). Economic Development. Pearson Education, Delhi. |
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