Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

This course deals with the economics of development, focusing on both the theoretical debates and experiences of economic transformations from various parts of the world. It aims to equip the students with an understanding of structural transformation, development planning, agriculture-industry linkages, industrialization debates, and international trade and finance. Students will also be made familiar with issues of poverty, distribution, and social development

Course Contents

Some of the topics that will be covered in this course include poverty, inequality, education, health, and gender aspects of development. The course will deal with history and persistence in development, as well as with the roles of agrarian institutions and credit markets. Other topics covered will include culture, social capital, behavior, corruption, violence and conflict. The impacts of international trade, foreign aid, and foreign investment on development will also feature in this course.

Suggested References

Bardhan, P. ed., The Economic Theory of Agrarian Institutions, Oxford: Oxford University Press, 1991
Chakravarty, S. Development planning: the Indian experience, Oxford, Clarendon Press, 1987.
Chang, Ha-Joon, Kicking Away the Ladder: Development Strategy in Historical Perspective, New York: Anthem, 2002.
Chenery, Hollis; Syrquin, R. Patterns of development, 1950–1970, Oxford, Oxford University Press, 1975.
Dreze, J. and A. Sen, Hunger and Public Action, Oxford: Oxford University Press, 1989.
Harris, John R. & Todaro, Michael P. ‘Migration, Unemployment and Development: A Two-Sector Analysis’, American Economic Review 60 (1): 126–142, 1970.
Hirschman, A. The Strategy of Economic Development, 1958.
Kohli, Atul Poverty Amid Plenty in the New India, Cambridge: Cambridge University Press, 2012.
Lewis, Arthur, ‘Economic Development with Unlimited Supplies of Labor’, Manchester School, Volume 22, No. 2, 1954.
Ray, Debraj Development Economics, Princeton University Press, 1998.
Rodrik, D. (2015), ‘Premature Deindustrialization’ IAS School of Social Science Working Paper Number 107, 2015.
Sen, Amartya K. ‘Peasants and Dualism with or without Surplus Labor’, The Journal of Political Economy, Volume 74, Issue 5, 1966.
Sen, Amartya, Development as Freedom, Oxford University Press, 2000.
Solow, R. M. A Contribution to the Theory of Economic Growth, The Quarterly Journal of Economics, Vol. 70, No. 1. (Feb., 1956), pp. 65-94, 1956.