This Subject Includes

  • Course No: HS 523
  • Course:
  • Semester: II
  • Title: Economic Development: Theory and Practice
  • Stream: Economics
  • Description:

    Economic development and economic growth; diverse structures and common characteristics of developing economies; Low level equilibrium trap and big push: Rosenstein-Rodan, Nurkse; Unbalanced growth, linkages: Hirschman; Multiple equilibria; Harrod-Domar model and Solow model: differences, implications and the convergence debate; Mahalanobis model of planned development; Economic inequality: measurement issues, Kuznets’ inverted-U hypothesis and its evidence, implications; Poverty: measurement, undernourishment, poverty alleviation; Population: birth and death rates, age distribution and demographic transition; Lewis model and Harris-Todaro model: rural-urban interaction, migration and development.

  • Text:

    K. Basu, Analytical Development Economics, OUP, 2013^$^Y. Hayami and Y. Godo, Development Economics: From the Poverty to the Wealth of the Nation, OUP, 200^$^D. Ray, Development Economics, OUP, 1998^$^A. P. Thirlwal, Growth and Development, 8th edition, Palgrave Macmillan, 2006^$^M. P. Todaro and S. C. Smith, Development Economics, Pearson, 10th edition, 2012 ^$^P. Balakrishnan, Economic Growth in India: History and Prospect, OUP, 2010^$^A. V. Banerjee and E. Duflo, Poor Economics, Random House India, 2011^$^ P. Bardhan and C. Udry, Development Microeconomics, OUP, 1999