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    Course Outlines - Sem III - Economics III

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    Manav Rajpal
    The document provides details of the Economics III module taught at the Kirit P. Mehta School of Law. It includes 19 units covering topics such as economic growth vs development, poverty and inequality measurement, human capital formation, and the relationship between law and economic development. Pedagogical approaches include discussion methods, visual aids, and exercises using concepts like the Lorenz curve and Excel. The module aims to help students interpret legal provisions and their effectiveness on economic outcomes, undertake research using economic tools, and provide policy suggestions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Course Outlines - Sem III - Economics III

    Uploaded by

    Manav Rajpal
    23 views6 pages
    The document provides details of the Economics III module taught at the Kirit P. Mehta School of Law. It includes 19 units covering topics such as economic growth vs development, poverty and inequality measurement, human capital formation, and the relationship between law and economic development. Pedagogical approaches include discussion methods, visual aids, and exercises using concepts like the Lorenz curve and Excel. The module aims to help students interpret legal provisions and their effectiveness on economic outcomes, undertake research using economic tools, and provide policy suggestions.

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    Course Outlines_Sem III_Economics III

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    The document provides details of the Economics III module taught at the Kirit P. Mehta School of Law. It includes 19 units covering topics such as economic growth vs development, poverty and inequality measurement, human capital formation, and the relationship between law and economic development. Pedagogical approaches include discussion methods, visual aids, and exercises using concepts like the Lorenz curve and Excel. The module aims to help students interpret legal provisions and their effectiveness on economic outcomes, undertake research using economic tools, and provide policy suggestions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views6 pages

    Course Outlines - Sem III - Economics III

    Uploaded by

    Manav Rajpal
    The document provides details of the Economics III module taught at the Kirit P. Mehta School of Law. It includes 19 units covering topics such as economic growth vs development, poverty and inequality measurement, human capital formation, and the relationship between law and economic development. Pedagogical approaches include discussion methods, visual aids, and exercises using concepts like the Lorenz curve and Excel. The module aims to help students interpret legal provisions and their effectiveness on economic outcomes, undertake research using economic tools, and provide policy suggestions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    SVKM’s NarseeMonjee Institute of Management Studies

    Name of School – Kirit P. Mehta School of Law

    Program: B.A., LL.B.(Hons) 8101 & B.B.A., LL.B.(Hons) 8102 Semester: III
    Module: Economics III Module Code:
    Teaching Scheme Evaluation Scheme
    Tutorial
    Lecture Practical Term End
    (Hours Internal Continuous
    (Hours (Hours Examinations (TEE)
    per week) Credit Assessment (ICA)
    per per (Marks- 50
    (Marks - 50)
    week) week) in Question Paper)
    4 0 0 4 Marks Scaled to50 Marks Scaled to 50
    Pre-requisite:The course requires a basic understanding of micro and macroeconomic concepts.
    Objectives
    ● Understand the interaction of growth and development indicators with the legal
    decision making.
    ● Identify and assess legal conditions and frame work necessary for policy making and
    sustaining economic development.
    Outcomes:
    ● To demonstrate ability to interpret provisions of legal rulesand its effectiveness on
    economic development. (PLO1a).
    ● To undertake research and study case laws using various economic tools and techniques
    for finding solutions and communicate the research in a lucid manner. (PLO2b)
    ● To develop strategies, interconnect issues, and provide suggestions for effective framing
    of economic policy and institutions. (PLO3b)
    Detailed Syllabus: (per session plan)
    Unit Description: Duration
    1. Economic Growth vs Economic Development.
    2 Hrs.
    Reference Reading:
    Chapter No 1: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Peadagogy: Discussion Method with Visual Aid.


    2. Growth and Development Models: HarrodDomar Growth
    Model,Rostow’s Stages of growth, Arthur Lewis Model of Economic
    Development, Hirschman theory of Growth, RagnerNurkse- 3 Hrs.
    Theory of Growth, Kuznet Curve theory of growth-
    Reference Reading:
    Chapter No 3: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Pedagogy: Discussion Method


    3. Role of Law in Economic Development. - 2 Hrs.

    Reference Reading
    Ginsburg, Tom. "Does Law Matter for Economic Development?
    Evidence From East Asia." Law & Society Review 34, no. 3 (2000): 829-
    56.
    Accessed March 25, 2021. doi:10.2307/3115145.
    Pedagogy: Discussion Method
    SVKM’s NarseeMonjee Institute of Management Studies
    Name of School – Kirit P. Mehta School of Law

    4. Absolute poverty vs Relative poverty-


    2 Hrs.
    Reference Reading:
    Chapter No 5: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Pedagogy: DiscussionMethod
    5. Measures of poverty-Head Count Ratio, Total poverty gap, Average
    poverty gap, Average income shortfall, Normalized income shortfall. -

    Reference Reading 3 Hrs.


    Chapter No 5: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 11th.

    Pedagogy: Discussion Method

    6 Foster Geer Thorbek Measure and the Multidimensional Poverty Index- 2 Hrs.

    Reference Reading:
    Chapter No 5: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Dasgupta, Partha, and Debraj Ray. "Inequality as a Determinant of


    Malnutrition and Unemployment: Theory." The Economic Journal 96
    (1986): 1011-1034.

    Pedagogy: Discussion Method


    7. Measurement of inequality- Size distribution (quintiles, deciles), Lorenz 3 Hrs.
    curves, Gini Coefficients and Functional Distributions. -

    Reference Reading:
    Chapter No 5: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Pedagogy: Discussion Method with Excel


    8. Inverted U hypothesis. 2 Hrs.

    Reference Reading:
    Chapter No 5: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    Pedagogy: Discussion Method with Visual Aid and Excel.


    9. Inequality and Development: Interconnections 2 Hrs.

    Reference Reading:
    Chapter 7: Economic Development,Debraj Ray
    Pedagogy: Discussion Method with Visual Aid and Excel.
    SVKM’s NarseeMonjee Institute of Management Studies
    Name of School – Kirit P. Mehta School of Law

    10. Theory of Human capital formation- Gary Becker 2 Hrs.


    Reference Reading
    Chapter 2-3: Gary S. Becker (1975). “Human Capital: A Theoretical and
    Empirical Analysis with special reference to Education”. National Bureau
    of Economic Research. New York.
    Becker, Gary S., Kevin M. Murphy, and Robert Tamura. "Human Capital,
    Fertility, and Economic Growth." Journal of Political Economy 98, no. 5
    (1990): S12-37. Accessed March 24, 2021.
    http://www.jstor.org/stable/2937630 Pedagogy: Discussion Method
    11. Sen’s Capability Approach and Idea of Development. 2 Hrs.
    Reference Reading:
    Sen A. Development as Capability Expansion. In: Fukuda-Parr S, et
    al Readings in Human Development. New Delhi and New York:
    Oxford University Press ; 2003.
    Amartya Sen Interview (1999) https://youtu.be/-6A7k6peWRM
    Pedagogy: Discussion Method
    12 Demographic Dividend- 2 Hrs.
    Reference Reading
    Chandrasekhar, C. P., Jayati Ghosh, and AnamitraRoychowdhury. "The
    'Demographic Dividend' and Young India's Economic
    Future." Economic and Political Weekly41, no. 49 (2006): 5055-064. Accessed
    March 24, 2021. http://www.jstor.org/stable/4419004
    Pedagogy: Discussion Methods with Excel
    13. Education and Development 2 Hrs.
    Bills, Mark, and Pete Klenow. "Does Schooling Cause Growth?" The
    American Economic Review 90, no. 5 (2000): 1160-1183
    Banerjee, Abhijit. "Educational Policy and the Economics of the Family."
    Journal of Development Economics74, no. 1 (2004): 3-32.
    Pedagogy: Discussion Methods
    14. Rationality and Economic Model of Criminal Behavior. - 3 Hrs.

    Reference Reading
    Chapter 2-3 Economics of Crime (Foundations and Trends in
    Microeconomics) by ErlingEide, Paul H. Rubin, Joanna M. Shepherd.
    Pedagogy: Discussion Method with Visual Aid
    15. Cost benefit analysis of economic crimes- 2 Hrs.
    Reference Reading:
    Chapter 2-3 Economics of Crime (Foundations and Trends in
    Microeconomics) by ErlingEide, Paul H. Rubin, Joanna M. Shepherd.
    Adelstein, "Informational Paradox and the Pricing of Crime: Capital
    Sentencing Standards in Economic Perspective," 70 Journal of Criminal Law
    and Criminology (1979), pp. 281 – 298.
    Pedagogy: Discussion Method with Visual Aid
    16. Law Enforcement, Severity Analysis -Deterrence and retribution. 2 Hrs.
    Reference Reading:
    Chapter 2-3: Economics of Crime (Foundations and Trends in
    Microeconomics) by ErlingEide, Paul H. Rubin, Joanna M. Shepherd.
    SVKM’s NarseeMonjee Institute of Management Studies
    Name of School – Kirit P. Mehta School of Law

    Stigler, G. J. 1970. “The Optimum Enforcement of Laws.” Journal of


    Political Economy 78:526– 36
    Pedagogy: Discussion Method with Excel
    17. Types of Economic Crimes-Bribery &Corruption, Money Laundering, 3 Hrs.
    Asset Misappropriation, Insider Trading, Accounting Statement Fraud. –

    Reference Reading:
    Chapter 2-3: Economics of Crime (Foundations and Trends in
    Microeconomics) by ErlingEide, Paul H. Rubin, Joanna M.
    Shepherd. Survey Report by
    PWC :https://www.pwc.in/assets/pdfs/global- economic-crime-
    survey.pdf
    Pedagogy: Discussion Method.
    18 The Coase theorem & Theory of Property Rights- 2 Hrs.
    Reference Reading:
    Chapter 10: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).
    Coase, "The Problem of Social Cost," 3 Journal of Law and Economics (1960),
    pp. 1 – 44.
    Michelman, "Property, Utility and Fairness: Comments on the Ethical
    Foundations of 'Just Compensation' Law," 80 Harvard Law Review (1967),
    pp. 1165-1258.

    Pedagogy: Discussion Method


    19 Transactions Cost 2 Hrs.
    Reference Reading:
    Chapter No 10: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).

    North, Douglass C. "Transaction costs, institutions, and economic history."


    Zeitschriftfür die gesamteStaatswissenschaft/Journal of institutional and
    theoretical economics H. 1 (1984): 7-17
    Pedagogy: Discussion Method
    20 Evolution of Institutions- 2 Hrs.
    Reference Reading:
    North, Douglass C. "Institutions." The Journal of Economic Perspectives 5,
    no. 1 (1991): 97-112. Accessed March 24, 2021.
    http://www.jstor.org/stable/1942704
    Pedagogy: Discussion Method
    21 Legal and Social Norms- 2 Hrs.
    Reference Reading:
    Posner, Richard A. "Social Norms and the Law: An Economic Approach."
    The American Economic Review 87, no. 2 (1997): 365-69. Accessed March 24,
    2021. http://www.jstor.org/stable/2950947.
    Pedagogy: Discussion Method
    22 Trends in Indian Industrial Policy (1948-1991) 2 Hrs.
    Reference Reading:
    Dutt and Sundaram, Indian Economy, Schand (2016)
    SVKM’s NarseeMonjee Institute of Management Studies
    Name of School – Kirit P. Mehta School of Law

    Pedagogy: Discussion Method with Excel

    23. Liberalization, Privatization and Globalization. 3 Hrs.


    Reference Reading:
    Dutt and Sundaram, Indian Economy, Schand (2016)
    Pedagogy: Discussion Method
    24. 12 five-year Plans and NITI AYOG 3 Hrs.
    Reference Reading:
    Dutt and Sundaram, Indian Economy, Schand (2016)
    Pedagogy: Discussion Method
    25. Gender and Development
    Reference Reading:
    Beaman, Lori, Esther Duflo, and Raghabendra Chattopadhyay. "Powerful 2 Hrs.
    Women: Does Exposure Reduce Bias?" University of California, San Diego,
    March 2008.
    Rose, Elaina. "Gender Bias, Credit Constraints and Time Allocation in Rural
    India." The Economic Journal 110, no. 465 (2000): 738-758.
    Pedagogy: Discussion Method
    26 Urbanization and Labour Markets- 3 Hrs.
    Reference Reading:
    Chapter 8: Michael. P. Todaro, Economic Developments, The Pearson
    Series in Economics, 12th Edition, (2015).
    Pedagogy: Discussion Method
    Total 60 Hrs.
    Text Books:
    1) Debraj Ray, Development Economics, 1st edition, Oxford University Press (1999) (E-Book
    Available)
    2) Michael. P. Todaro, Economic Development, The Pearson Series in Economics, (12th Edition
    2014) (E-book Available)
    Reference Books:
    1. Posner, Richard A. Economic analysis of law. Wolters kluwer law & business, 2014 (E-book
    available)
    2. Cooter, Robert, and Thomas Ulen, Law and Economics, 2016.
    3. Polinsky, A. Mitchell, and Steven Shavell, eds. Handbook of law and economics. Elsevier,
    2007 (E-book Available)
    Any other information:
    Details of Internal Continuous Assessment (ICA): 50 Marks
    Research Paper: 20 Marks
    Seminar: 10 Marks
    Viva: 10 Marks
    Class Participation: 10 Marks

    Dr. Parinaaz Mehta

    Signature Signature
    (Prepared by Faculty) (Approved by Dean)
    SVKM’s NarseeMonjee Institute of Management Studies
    Name of School - Kirit P. Mehta School of Law

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