To develop an understanding as to how the developing countries can uplift their economic conditions by restructuring their economies to acquire greater diversity, efficiency and equity.
• Theory of big push
• Critical minimum effort thesis
• Low level equilibrium trap
• Balanced growth
• Unbalanced growth(Hirschman’s strategy)
• Nurkses 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
Links:
[1] https://economics.iisuniv.ac.in/courses/subjects/economic-growth-and-development-ii
[2] https://economics.iisuniv.ac.in/academic-session/2018-19