1. To help the students understand the basic concepts of development economics
2. To analyze the theories of economic growth and growth models.
3. To acquaint the students with the role of human capital formation and technological progress in economic growth.
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Course Code |
Course Title |
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24ECO 322 |
Economics of Growth and Development-I (Theory) |
Students will- CO79: differentiate between growth and development and comprehend different measures of development and other aspects CO80: examine the classical and other theories of development CO81: critically analyze different growth models like Harrod and Domar; Solow; Meade and Kaldor. CO82:examine various aspects of population and human capital formation and its impact on growth CO83: examine the different aspects of technological progress and its impact on growth CO84: contribute effectively in course-specific interaction. |
Approach in teaching: Interactive Lectures, Discussion, Case studies.
Learning activities for the students: Presentations, Assignments and Group discussions. |
Class activity, Assignments, Quiz and Semester end examinations. |
· Economic development and growth.
· Measurement and indicators of development: PQLI, HDI, GDI, GII, MPI.
· Entitlement and capability approach.
· Sustainable Development; Growth-Distribution Trade-offs
· Factors affecting economic growth: labour, capital and technology
. Obstacles to growth and development
and Malthus;
Suggested Readings:
E-Resources:
· Harrod, R. (1939), ‘An Essay in Dynamic Theory’, Economic Journal, (March).
· Chenery, H. (1960), ‘Pattern of Industrial Growth’, American Economic Review, September.
· Solow, R. (1957), ‘Technical Change and the Aggregate Production Function’, Review of Economics and Statistics, August.
· Miller, W. (1967), ‘Education as a Source of Economic growth’, Journal of Economic Issues, December.
· Vanek, J. and Studenmund, A. (1968), ‘Towards a Better Understanding of the Incremental Capital-Output Ratio’, Quarterly Journal of Economics, August.
· Kuznets, S. (1967), ‘Pouation and Economic Growth,’ American Philosophical Society Proceedings, Vol. III, June.
Journals:
· Quarterly Journal of Economic Growth and Development Research.
. Review of Development Economics