Syllabus Economic Policy and Comparative Development

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

HOUSE EXAM QUESTION PAPER

Department of Business Economics / Maharaja Agrasen College /Paper XXI Environmental Economics / B.A. (Hons) VI th Semester Exam.

Attempt any four questions. All questions carry equal marks.

1. A) “Perhaps year 1987 was a landmark development for institutional development in environmental economics.” Comment. 5

OR

B) What is social limits to growth and how Daly’s proposition relates to the desirability of growth, rather than its feasibility? 5

2. Write short notes on any two: 2 ½ * 2

a) Environmental Kuznets Curve & evidence on EKC hypothesis

b) Limits to Growth

c) Demographic Theory of Transition & impact of population growth on environment

d) Biodiversity and instrument for conserving biodiversity

e) The Hartwick rule

3. Briefly discuss the concepts of sustainability and explain the concept of sustainable, sustained and survivable development with the help of consumption function. 2 ½ + 2 ½

4. Critically evaluate the role of government in the conservation of environment and to correct market failure in public goods. 4 + 1
5. List the criterion used for selection of pollution control instruments and present a classification of pollution control instruments. Why command and control instruments are preferred over market based instruments in developing countries? 2+2+1
6. Discuss the institutional arrangements required for an efficient allocation of resources. How the presence of externalities cause to market failure. 2 ½ + 2 ½
7. Explain institutional approaches, with suitable diagram, which facilitate internalization of externalities. Why design of policy instruments is more difficult for mobile than for stationary source pollutants? 2 ½ +2 ½
8. A) Explain how hedonic price theory can be used in determining the demand or marginal willingness to pay for non-marketed commodities? 5

OR

B) Explain the Travel Cost Approach of assessing an individual’s willingness to pay for an environmental resource such as a recreational site. 5

HOUSE EXAM QUESTION PAPER

Maharaja Agrasen College/ Department of Business Economics / Paper XXIII & XXIV

optional Group (ii) Marketing Research / B.A. (Hons) VIth Semester Exam.

Attempt any four questions. All questions carry equal marks.

1. Write short notes on any two: 2 ½ * 5

a) Differentiate between Exploratory and Descriptive Research Design

b) DSS & MIS

c) Ethics in marketing research

d) Qualitative vs. Quantitative Research

e) Secondary Data-benefits & limitations

2. Explain the techniques of (i) Devil’s advocate (ii) Chain Reaction and (iii) False Termination used by a moderator in a FGD. Compare the techniques of Group Discussion and Projective Techniques. 3 + 2
3. Describe the steps in the marketing research process. 5
4. What is the relationship between exploratory and descriptive research design? 5
5. What are the key qualifications of focus group moderator and why focus group is the most popular qualitative research technique? 2 ½ + 2 ½
6. Describe different kinds of projective techniques used in qualitative research. 5
7. Present a comparative analysis of focus group discussion, depth interview and projective techniques. If the objective of researcher is discovering innovative information from respondent, according to you, which research technique is most suitable? 4+1