Tuesday, July 24, 2012

Syllabus for SSE 504 Development Economics


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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