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INTRODUCTORY DEVELOPMENT ECONOMICS
Objective: To identify the components of economic development and the indicators by which it is possible to evaluate development.
• Economic development and economic growth;
• Factors affecting economic growth: economic and non-economic;
• Capital, Labour and Technology;
• Human Development and the concepts of HDI, HPI, GDI and GEM.
• Meaning and Characteristics of developing economies;
• Pre-requisite for economic development;
• Obstacles to economic development;
• Structural changes under development
• Capital Output ratio: meaning, uses and limitations;
• Choice of techniques and appropriate technology;
• Need for planning: democratic & totalitarian, centralized &decentralized planning
• Role of agriculture and industry in economic development and the inter-relationships;
• Role of state in economic development;
• Role of Education in Economic development.
• Monetary policy: meaning, objectives, instruments-quantitative and qualitative methods, lags in monetary policy, limitations
• Fiscal policy: meaning, objectives, instruments-taxation, public expenditure, public debt, limitations
• Jhingan M.L., (Latest Edition), The Economics of Development of Planning, Vrinda Publications (P) Ltd., New Delhi.
• Mishra and Puri (Latest Edition), Economics of Development and Planning: Theory and Practice, Himalaya Publishing House, New Delhi.
• Kindelberger, C. P. (Latest Edition), Economic Development, McGraw Hill, New York.
• Meier; G. M. and James E, Rauch (Latest Edition), Leading Issues in Economic Development, Oxford University Press.
• Thirlwal, A. P. (Latest Edition), Economics Development, McMillan, New York.
• Todaro, M. P., (Latest Edition), Economics Development, Pearson Education.
