Semester VI
B. A. (Hons.) Business Economics
Optional Group E: Paper xviii
ECONOMIC GROWTH AND POLICY
UNIT 1: ECONOMIC DEVELOPMENT- DEFINITIONS AND CONCEPTS
· A Very Short Introduction (AVSI), Characteristics of Development pp 1-29
· Development Economics, Chapter-2
· Economic Development, Michael. P. Todaro, Chapter 1 and 2
UNIT 2: GROWTH MODELS
· DE, Chapter-3 Economic Growth, Section-3.3.1(pp 51-56) and Section 3.5 (pp 74-84).
· DE, Chapter 10, pp 353-371 (LEWIS MODEL)
· Introduction to Economic Growth pp20-53 (THE BASIC SOLOW MODEL)
Note- Solow Model shall be covered before Convergence (Section 3.5)
UNIT 3: HUMAN CAPITAL- EDUCATION, INTELLECTUAL CAPITAL & POVERTY.
· Meier pp 450-459 (Education investment in Human Capital)
· Michael P Todaro , Economic Development, Chapter 9 (Human Capital : Education & Health n Economic Development)
UNIT 4: TECHNOLOGICAL PROGRESS
· Introduction to Economic Growth Chapter 4 & Chapter 5 (up till Page 110)
· Development Economics, Chapter 4 , Section 4.4.4 & 4.4.5
· Growth and Development, A.P Thirwall Chapter 14 (up till page 499) also included are pp 525 -536
· Meier, Section VIII, pp 381-405 (International Trade and International Inequality)
UNIT 5: STATE AND THE MARKET
· F Hayami , Chapter-8 (up till page 212) and also included are pp 233-239
References:
· Debraj Ray, Development Economics, DE, Princeton University Press 1998
· Charles Jones, Introduction to Economic Growth, Second Edition
· Partha Dasgupta, Economics: A Very Short Introduction, Oxford University Press, 2007
· Meier, Leading Issues in Economic Development, 5th edition
· Michael.P.Todaro, Economic Development,8th edition.
· F Hayami, Economics (as per the previous syllabus) 61
· A.P Thirwall, Growth and Development ,7th edition
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