Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

This is a graduate course in development economics from macroeconomic perspective. The objective of the course will be to understand topics of interest in the intersection between development economics and applied macroeconomics. The course requires basic understanding of the workhorse models of modern macroeconomics and some applied skills at the level of intermediate econometrics.

Course Contents

This course covers the following topics: significance of agriculture in developing countries, poverty and population issues facing the world, international trade, and importance of foreign aid, poverty and income distribution, the role of geography and institutions, fertility and population growth, the role of credit markets and microfinance, health and nutrition, education, female empowerment, the meaning and measurement of economic development, etc.

Suggested References

Suggested Text/Reference books:
1. Daron Acemoglu, Introduction to Modern Economic Growth, First Edition, Princeton University Press, 2008.
2. Robert J. Barro and Xavier I. Sala-i-Martin, Economic Growth, Second Edition, MIT Press, 2003.
3. Grossman, Gene M., and Elhanan Helpman, Innovation and Growth in the Global Economy, Reprint Edition, MIT Press, 1993.
4. David Romer, Advanced Macroeconomics, Fourth Edition, McGraw-Hill Education, 2011.
5. Lance Taylor, Reconstructing Macroeconomics: Structuralist Proposals and Critiques of the Mainstream, Harvard University Press, 2008.
6. Lance Taylor, Maynards Revenge: The Collapse of Free Market Macroeconomics, Harvard University Press, 2010.
7. Piketty Thomas, Capital in the Twenty-First Century, Harvard University Press, 2014.

8. Development Economics by Debraj Ray, 1998, Princeton University Press.

9. Economics of Development by Perkins, Radelet, Lindauer and Block, 7th Edition (International Student Edition), 2012

Apart from text book, readings from published journal article will be suggested during course.