NDSS Academy

Development Economics (B.A Economics)

Concepts and measures of economic growth and development, poverty, inequality and theories of development.

6 MonthsDuration 5Chapters28Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Growth and Development 5 topics
  1. Economic growth and economic development
  2. Measures: GNP, per capita income, PQLI, HDI
  3. Characteristics of underdeveloped economies
  4. Obstacles to development
  5. Sustainable development
02Unit 2: Poverty and Inequality 6 topics
  1. Absolute and relative poverty
  2. Poverty line and head count ratio
  3. Multidimensional poverty
  4. Lorenz curve and Gini coefficient
  5. Kuznets' inverted-U hypothesis
  6. Policies to reduce poverty and inequality
03Unit 3: Classical and Marxian Theories 5 topics
  1. Adam Smith's theory of growth
  2. Ricardo's theory and the stationary state
  3. Malthusian theory of population
  4. Marx's theory of capitalist development
  5. Schumpeter's theory of innovation
04Unit 4: Modern Theories of Development 7 topics
  1. Rostow's stages of growth
  2. Lewis model of unlimited supply of labour
  3. Harrod-Domar growth model
  4. Big push theory
  5. Balanced (Nurkse) and unbalanced (Hirschman) growth
  6. Vicious circle of poverty
  7. Critical minimum effort thesis
05Unit 5: Factors in Economic Development 5 topics
  1. Capital formation
  2. Human capital: education and health
  3. Technology and innovation
  4. Role of the state and institutions
  5. Foreign capital and aid

About

You will be able to

  • Distinguish economic growth from economic development and use PCI, PQLI and HDI as measures
  • Measure poverty and inequality with head count ratio, Lorenz curve and Gini coefficient
  • Explain the growth ideas of Smith, Ricardo, Malthus, Marx and Schumpeter
  • Explain Rostow, Lewis, Harrod-Domar, big push, balanced and unbalanced growth theories
  • Analyse the role of capital formation, human capital, technology and the state in development
  • Explain the concept of sustainable development

Who it is for

  • B.A Semester 5 students with Economics as a major subject (UP State Universities, NEP 2020)
  • Students preparing for UPSC / UPPSC economics and development topics

What you need

  • Principles of Micro and Macroeconomics; basic percentages

Questions

Which syllabus does this course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 5. Where your own university's syllabus differs, the centre follows your university syllabus.

How will I be tested?

Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.

Will Harrod-Domar numericals be asked?

Short numericals on g = s/v and on poverty ratios appear in some universities and are practised in class.

Download the syllabus (PDF)

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