Syllabus (ECONOMICS)
Course Type: MAJ-8
Semester: 6
Course Code: BECOMAJ08T
Course Title: Indian Economics & Development Economics - II
(L-P-Tu): 5-0-1
Credit: 6
Practical/Theory: Theory
Course Objective:
Learning Outcome: Course Objective: This course is equipped to give a tangible base on Development economics & Indian Economics. Theories like poverty & inequality, growth productivity will helps the students to measure the gap between rich & poor. The functioning under gl
Group A: Indian Economics (45)
- WTO and India: (20)
Different rounds of trade negotiations Macroeconomic Policies and Their Impact; Fiscal Policy; Trade and investment policy; Financial and monetary policies; Inflation and measures to control inflation; Labour laws and regulation; SEZ Policies and Performance in Agriculture. - Growth, Productivity and India: (15)
Agrarian structure and technology; Capital formation; Food Security and Food Policy; Pricing and Procurement; Globalization and Indian Agriculture; Policies and Performance in Industry Growth; Productivity; Diversification; Small scale industries; Public sector; Competition policy.
- Foreign Investment and Insurance: (10)
Foreign Aid vs Foreign Investment; FDI & FII; Formal and Informal Sectors; Banking and Insurance; Trade in Services; Foreign Investment, Globalization and Indian Industry; Trends and Performance in Services.
Group B: Development Economics (45)
- Poverty and Inequality: (20)
Inequality axioms; A comparison of commonly used inequality measures; Gender Inequality; Connections between inequality and development; Poverty measurement; HPI; Poverty traps and path dependence of growth processes.
2. Political Institutions and the State: (25)
Definition of Institutions; Evolution of Political and Economic Institutions; The determinants of democracy; Alternative institutional trajectories and their relationship with economic performance; Within-country differences in the functioning of state institutions; State ownership and regulation; Government failures and corruption.
Reading References:
(Indian Economics)
- RK Sen and JF Raj, 2009, WTO & Asian Union, Deep and Deep Publications Pvt. Ltd, New Delhi.
- Kaushik Basu and A. Maertens, 2013, The New Oxford Companion to Economics in India, Oxford University Press.
- Uma Kapila, Indian Economy since Independence, Academic Foundation.
- Ahluwalia and Little, India’s Economic Reforms and Development, OUP.
- Jean Dreze and Angus Deaton, 2009, “Food and Nutrition in India: Facts and Interpretations”, in Economic and Political Weekly, February.
- Himanshu, 2011, “Employment Trends in India: A Re-examination”, Economic and Political Weekly, September.
- Geeta G. Kingdon, 2007, “The Progress of School Education in India”, Oxford Review of Economic Policy.
- J.B.G. Tilak, 2007, “Post Elementary Education, Poverty and Development in India”, International Journal of Educational Development.
- R. Datt & K.P.M. Sundaram, 2023, Indian Economy, S. Chand Publisher (Paperback: Gaurav Datt & Ashwani Mahajan).
- S. Pan, 2013, Foreign Direct Investment and Indian Economy, Regal Publications, New Delhi.
(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.
- Sukhomoy Chakraborty, Development Planning: The Indian Experience, OUP.
- Kaushik Basu and A. Maertens, 2013, The New Oxford Companion to Economics, Oxford University Press.
- 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.
