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SYLLABUS

                                       Economics of Growth and  Development

            Objectives :
            The purpose of this course is to introduce students to issues and problems related to economic development.  Specifically, we
            will discuss the characteristics of developing nations as well as alternative theories of economic growth.  Student will examine
            some of the dominant domestic problems faced by developing countries, such as, low levels of human capital, urbanization,
            rural transformation as well as different policies to resolve them.


                Sr. No.                                      Description


                1         Economics of Growth and Development: Meaning, Measurement, Difference and

                          Comparisons. Sources of Economic Growth. Human Development Index and PQLI


                2         Economic Growth Models-I: Harrod-Domar Growth Model, Neo-Classical Growth
                          Models


                3         Economic Growth Models-II: Growth and Distribution, Total Factor Productivity and
                          Growth Accounting, Technological Change and Progress


                4         Economic Growth Models – III : Model of Optimal Economic Growth, Multi-Sector

                          Models of Growth,


                5         Endogenous Growth Models,  Stochastic Growth Models- Business Cycle Theory


                6         Social and Institutional Aspects of Development: Difference between Development

                          and Underdevelopment,  Measurement and Indicators of Development, Population
                          and Development,  Economic Development and Institutions


                7         Approaches to Development : Vicious Circle of Poverty and Unlimited Supply of

                          Labor,  Lewis Model, Ranis and Fei Model, Big Push Theory of Growth

                8         Balanced Growth and Unbalanced Growth, Critical Minimum Efforts Thesis, Low -

                          Level Equilibrium Trap


                9         Dualism and Dependency Theory, Theories of Development: Classical Theories of

                          Development, Schumpeter Model of Growth


                10         Theories of Underdevelopment, Development Strategies: Allocation of
                           Resources, Cost-Benefit Analysis, Role of planning
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