Development Economics

·         Development: Nature , Meaning and Values

·         Capabilities approach

·         Objectives and 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

·         Factors of development, obstacles in development

·         Characteristics of modern growth

·         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,

·         Human capital, learning by doing

·         Inequality - meaning and Causes

·         Measures of inequality- 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 – Nurkse’s theory

·         Lewis’ theory of Unlimited Supply of Labour

·         Fei-Ranis theory

·         Balanced growth theory

·         Hirschman’s Strategy

·         Marx’s theory

·         Big Push Theory

·         Critical minimum effort thesis

·         Low level equilibrium trap

·         Social and technical dualism

·         Circular causation

·         Rostow’s states of economic growth

·         Schumpeterian theory

          Ricardian theory