Semester VI
Optional Group
E: Paper 641
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
• Distinction between
Growth and Development
• 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)
• Endogenous
Growth Model : Jones
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)
• Concept of
relative and absolute poverty, Sen
• Income
inequality and its measurement, world experience in this context
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
Experience of South East Asia And Latin America Countries
in this context could
be useful.
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)
• A.P Thirwall, Growth and
Development ,7th edition
