SSE
504 Development Economics
This syllabus is developed for first semester students in Masters degree programme in Economics at School of Social Sciences, Doon University. The purpose
of this course is to acquaint students with the broad paradigms of
development economics as listed below.
Evaluation
Process
The
evaluation of progress of students shall be made as per the
distribution below
Written
examinations : 80 marks (30 mid semester + 50 end semester)
Seminars
and Class Performance: 5 marks
Assignments
/Term Papers: 15 marks
Unit-1:
Introduction- concept, history, schools of thought.
An Introduction to Economic
Development, Growth Theories in the paradigm of convergence and
non-convergence, Harrod-Domar growth model, Solow Growth model,
technical progress, issues in convergence.
A broad discussion on the paradigms of
non-convergence
History, expectations and development
State Market and Decentralization
Unit-2: Population and Development
Basic concepts, demographic transition,
effects of population growth, Rural Urban interaction, Lewis Model,
Harris Todaro Model, Government Policies
Unit-3: Poverty and Inequality
Poverty-Concept and measurement,
empirical observations, impact
Inequality: meaning and measurement of
economic inequality,
Income inequality: Inverted U
hypothesis, uneven and compensatory changes, inequality and demand
composition, inequality, capital market and development, human
capital and development
Unit-4: Agriculture-land,
labor, credit, insurance and their inter-linking.
Markets
in Agriculture, land rental contracts and ownership, Principal Agent
theory and applications
Modeling
labour issues, Analysis of credit markets, theory of perfect
insurance.
TEXTBOOK: Ray, Debraj (1998), Development
Economics, Princeton University Press
General Books Recommended
Mookherjee,
Dilip and Debraj Ray (2000), Introduction
to Readings in the
Theory of Economic Development,
London: Blackwell.
Basu, K. Analytical
Development Economics: The Less Developed Economy Revisited.
(Cambridge: MIT Press)Thirlwall, A.P. Growth, and Development with Special Reference to Developing Economies. Basingstoke, Palgrave Macmillan
Todaro, M.P. and S.C. Smith Economic Development. London: Pearson
Weeks, John R. (2005). Population. An Introduction to Concepts and Issues. 10th edition
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