Coming soon
ECONOMICS OF GROWTH AND DEVELOPMENT-II
1.To analyze the partial theories of growth and development
2. To understand the sectoral aspects of economic development.
3. To help the students examine the role of planning in economic development
4. To acquire knowledge about optimum resource allocation and related criteria.
Theory of big push; Critical minimum effort thesis; Low level equilibrium trap; Balanced growth; Unbalanced growth(Hirschman’s strategy)
Nurkse’s theory of disguised unemployment; Theory of circular causation; Unlimited supply of labour; Ranis Fei model; Dualism : Social and Technical
Role of agriculture in economic development; Role of industrialization in economic development; Complimentarily of agriculture and industry; Efficiency of small scale vs large scale production; Infrastructure and its importance
State : Role of State in economic development; Economic planning : meaning and rationale ; Planning by direction and planning through the market; Democratic, decentralized and indicative planning
Investment criteria; Project evaluation; Cost benefit analysis; Shadow prices
1. Jhingan M.L. (2016). The Economics of Development of Planning (41sted.). Vrinda Publications (P) Ltd.
2. Mishra, S.K. and Puri V.K. (2017). Economics of Development and Planning: Theory and Practice (16thed.). Himalaya Publishing House.
3. Todaro, M. P and Smith, S. C. (2015). Economic Development (12thed.). Pearson Education.
1. Thirlwall, A. P. and Lopez, P.P. (2017). Growth and Development (10thed.). Bloomsbury Academic.
2. Kindelberger, C. P. (1977). Economic Development. McGraw Hill.
3. Meier; G. M. and Rauch, J. E. (2005). Leading Issues in Economic Development (8THed.) Oxford University Press.
