Development Economics

• Development: Nature , Meaning and Values
• Capabilities approach
• Objectives of development
• Measurement of development: purchasing power parity and per capita income as an index of development, human development index
• Difference between growth and development
• Meaning and Characteristics of developing economies

• Land: ownership and tenancy system-fixed rent contract and share cropping

Role of agriculture in development and barriers to agricultural development

• Labour: population and labour force growth, casual and long term labour, permanent labour market
• Capital: role of capital accumulation in economic development, significance of capital output ratio, role of technology and technological progress, learning by doing, human capital

• Inequality: meaning, measures- Lorenz curve, range, coefficient of variation, Gini coefficient, Kuznet’s inverted U hypothesis
• Poverty : relative and absolute, poverty line, poverty measures-head count ratio, poverty gap ratio, income gap ratio human poverty index
• Social dimensions of poverty : rural poverty, women  and ethnic minorities and indigenous populations

• Disguised unemployment as a saving potential.
• Unlimited supply of labour;
• Big Push Theory;
• Hirschman’s Strategy

• Critical minimum effort thesis.
• Concept of endogenous growth
• Harrod- Domar models
• Solow model