Development Economics 3: Subject Code 14B1NHS831 Semester Even Semester VIII Session 2013 - 2014

Detailed Syllabus
Lecture-wise Breakup
Subject
Code
14B1NHS831
Semester Even
Semester VIII Session 2013 -2014
Development Economics
Subject
Name
Credits
Faculty
(Names)
Contact Hours
3 lecture
Manas Ranjan Behera

Coordinator(
s)
Teacher(s)
(Alphabetica
lly)
Course Objectives:
To develop the understanding of the growth and development process.

To develop the skills for evaluation of development theories and methods that aid in the
determination of policies and practices and can be implemented at either the domestic or
international level.
To develop the ability to critically evaluate the economic aspects of the development
process particularly in developing economies. One can focus not only on methods of
promoting economic development, economic growth and structural changes but also on
improving the potential for the mass of the population, for ex. through health and
education and workplace conditions, whether through public or private channels.
Course Outcome:
Students will be able to understand about and gain knowledge on
The important theories on economic growth and development and also be able to analyze the
selected issues of economic development.
Familiarize with contemporary issues in economic growth and development and he will be able
to critically analyze and understand old and new growth theories, importance of history or
initial conditions for economic development, economic inequality, rural-urban interaction,
markets related to agriculture, and development process in development economics.
The understanding about the social and institutional aspects of development, importance of
agriculture and the rationale and pattern of industrialization in developing countries.
The other important issues in the context of development like infrastructure-linkages, role of
international trade, importance of domestic macroeconomic policies, investment criteria and
relevance of planning.
Prerequisites:
JIIT University, Noida
Module
No.
Subtitle of the
Module
Topics in the module
1.
Development and
Economic Growth
2.
Technological progress
Economic growth and developmentFactors affecting economic growthCapital, labour and

Technology. Indicators of development.
Embodied and disembodied technical
progress,
Learning by doing; Production function
approach to the sources of growth.
3.
Economic Development
and Institutions
4.
Sustainable development
5.
Macro Economic Policy

and Economic
Development
Development and underdevelopment,

Poverty-absolute and relative;
Measuring development and
development gap- per capita income,
inequality of
income and wealth, Human
development index and other indices of
development and quality of
life; Concept of intellectual capital;
Food security, education, health and
nutrition-Human resource
Development-Population problem and
growth pattern of population; Theory of
demographic transition, Population,
poverty and environment; Economic
development and institutions.
New technology and sustainable
development Infrastructure and its
importance; Labour markets &
their functioning in developing
countries
Role of monetary and fiscal policies in
developing countries; External
resources; FDI; Aid vs.
Trade; Technology inflow; MNC
activity in developing countries; IMF
and World Bank policies in developing
countries.
6.
Federal Development
The Federal Set-up -, The Financial

Issues in a Federal Set-up, Principles
for Efficient Division of Financial
Resources between Governments.
Financial Federalism under
Constitution, Finance Commissions in
No. of
Lectures
for the
module
7.
Planning and Development
India, Terms of References and its

Recommendations
Need for planning-Democratic,
decentralized and indicative planning,
micro level planning;
Review of Indian plan models.
Central government debt, liberalization,
privatization and globalization.
Total number of Lectures
42
Recommended Reading material:

1.
Todaro, M.P., (latest Edition), Economic Development, Longman, London.
2.
Meier, G.M., Leading Issues in Economic Development, (6th Edition), Oxford

University Press, New Delhi.
3.
Thirwal, A.P., (latest Edition), Growth and Development, Macmillan, U.K.
4.
Debraj Ray, Development Economics: Princeton University Press
5.
Taylor, L., Macro Models for Developing Countries, McGraw Hill, New York.
6.
Reserve Bank of India, Report on Trend and Progress of Banking in India,

(various years), Mumbai and Economic Survey of India.

Development Economics 3: Subject Code 14B1NHS831 Semester Even Semester VIII Session 2013 - 2014

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Detailed Syllabus

Semester VIII Session 2013 -2014

Manas Ranjan Behera

To develop the understanding of the growth and development process.

Students will be able to understand about and gain knowledge on

JIIT University, Noida

Topics in the module

Economic growth and developmentFactors affecting economic growthCapital, labour and

Macro Economic Policy

Development and underdevelopment,

The Federal Set-up -, The Financial

JIIT University, Noida

Planning and Development

India, Terms of References and its

Recommended Reading material:

Todaro, M.P., (latest Edition), Economic Development, Longman, London.

Meier, G.M., Leading Issues in Economic Development, (6th Edition), Oxford

Thirwal, A.P., (latest Edition), Growth and Development, Macmillan, U.K.

Debraj Ray, Development Economics: Princeton University Press

Reserve Bank of India, Report on Trend and Progress of Banking in India,

JIIT University, Noida

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