Syllabus (ECONOMICS)
Course Type: MAJ-6
Semester: 5
Course Code: BECOMAJ06T
Course Title: Indian Economics and Development Economics - I
(L-P-Tu): 5-0-1
Credit: 6
Practical/Theory: Theory
Course Objective:
Learning Outcome: Course Objective: This course is prepared to give a concrete foundation on Development economics & Indian Economics. Phase wise economic reforms will create ideas for the students about the path of development of the countries. Course Specific Outcome: T
Group A: Indian Economics (45)
- Economic Development since Independence: (15)
Major features of the economy at independence; Planning and Evolution of India’s development goals and strategies; An assessment of performance Sustainability and regional contrasts; Structural changes of the Indian Economy
Savings - investment paradox. - Population and Human Development: (10)
Demographic trends and issues; Issues in Education and Health
3. Growth and Distribution: (10)
Trends and policies in poverty including Sen’s Entitlement Analysis; Inequality and Unemployment.
4. Economic Reforms in India: (10)
Monetary, Fiscal, and Trade Policy Reforms; 1st, 2nd and 3rd Generation of Economic Reforms.
Group B: Development Economics (45)
- Meaning of Economic Development: (25)
International variations in development measures; Comparing development trajectories across nations and within them; Dependency school of development. - Economic Growth: (20)
An overview and policy implications of one sector growth models: Harrod-Domar, and Solow; Sources of economic growth; International comparisons.
Reading References:
(Indian Economics)
- K.L. Krishna and A. Vaidyanathan, Institutions and Markets in India’s Development.
- R. Datt & K.P.M. Sundaram, 2023, Indian Economy, S. Chand Publisher (Paperback: Gaurav Datt & Ashwani Mahajan).
- A.N. Agarwal and M.K. Agarwal, 2019, Indian Economy: Problems of Development and Plannning, New Age International Pvt. Ltd.
- Uma Kapila, Indian Economy since Independence, Academic Foundation.
- Ahluwalia and Little, India’s Economic Reforms and Development, OUP.
- Joshi and Little, India’s Economic Reforms, OUP.
- D. Mukhopadhyay, 2011, Globalization and Inequality, Deep and Deep Publications Pvt. Ltd., New Delhi.
- S. Pan, S. Ghosh and A. Karmakar, 2014, Two Decades of Economic Reforms in India, Regal Publications, New Delhi.
- Sanjiv Verma, 2022, The Indian Economy, Unique Publishers Pvt. Ltd, New Delhi.
- Sukhomoy Chakraborty, Development Planning: The Indian Experience, OUP.
(Development Economics)
- Jean Dreze and Amartya Sen, 2013, An Uncertain Glory: India and its Contradictions, Princeton University Press.
- Jean Dreze and Amartya Sen, Economic Development and Social Opportunity, OUP.
- R.J. Chelliah, 2009, Towards Sustainable Growth, OUP.
- VC Sinha and S. Pandeya, 2021, Planning and Economic Development, SBPD Publications.
- Debraj Ray, 2009, Development Economics, Oxford University Press.
- Partha Dasgupta, 2007, Economics: A Very Short Introduction, Oxford University Press.
- Abhijit Banerjee, Roland Benabou and Dilip Mookerjee, 2006, Understanding Poverty, Oxford University Press.
- Kaushik Basu, 2007, The Oxford Companion to Economics in India, OUP.
- Amartya Sen, 2000, Development as Freedom, OUP.
Basic Features
Undergraduate degree programmes of either 3 or 4-year duration, with multiple entry and exit points and re-entry options, with appropriate certifications such as:
- UG certificate after completing 1 year (2 semesters with 40 Credits + 1 Summer course of 4 credits) of study,
- UG diploma after 2 years (4 semesters with 80 Credits + 1 Summer course of 4 credits) of study,
- Bachelor’s degree after a 3-year (6 semesters with 120 credits) programme of study,
- 4-year bachelor’s degree (Honours) after eight semesters (with 170 Credits) programme of study.
- 4-year bachelor’s degree (Honours with Research) if the student completes a rigorous research project (of 12 Credits) in their major area(s) of study in the 8th semester.
Note: The eligibility condition of doing the UG degree (Honours with Research) is- minimum75% marks to be obtained in the first six semesters.
- The students can make an exit after securing UG Certificate/ UG Diploma and are allowed to re-enter the degree programme within three years and complete the degree programme within the stipulated maximum period of seven years.
