Syllabus (ECONOMICS)
Course Type: MDC-3
Semester: 3
Course Code: BMDCECO03T
Course Title: Political Economy and Development
(L-P-Tu): 2-0-1
Credit: 3
Practical/Theory: Theory
Course Objective:
Learning Outcome: Course Objective: Under this paper learners will conceptualise the issues of capitalism, role of international institutions and trade. This paper helps the students to make very common ideas regarding development economics. Course Specific outcomes: This
- Introduction: Evolution of Political Economy; Meaning and Scope of Political Economy (2)
- Trade and Development: Trade as Engine of Growth; Import Substitution vs. Export Promotion; Terms of Trade Debate (8)
- Underdevelopment and Dependence: Concepts; Dependency Theory; Policy Measures; MDCs, FDI, FII; NIEO (10)
- Planning and Market Mechanism: Nature and Transition; Plan Failure; Resurgent Preference for Market over Planning (10)
- Institutions: Structure and Functions of IMF; Evolution of SAP; Functions of World Bank; UNCTAD; WTO (10)
- Capitalism: Transition from Mercantilism to Capitalism; Rise of Market Economy; Role of State; Impact of Transition on Third World Countries (5)
Reading References:
- Debes Mukherjee, 2003, Development Policies, Problems and Institutions, New Central Book Agency, Kolkata
- Deepak Nayyar, 1997, Trade and Industrialization, Oxford University Press
- Wilber and Jameson, 1992, The Political Economy of Development and Underdevelopment, McGraw Hill International
- Pranab Bardhan and JE Roemer, 1993, Market Socialism: The Current Debate, Oxford University Press
- Hasibur Rahaman and Sadiya Aafrin, 2022, Rajnoitik Arthoniti, Pranta Prokashon, Dhaka
- S. Pan, 2017, Classical Political Economy, Kundu Press, West Bengal
- Todaro and Smith, 2009, Economic Development, Pearson Education.
- Zahirul Islam Sikdar, 2010, Arthanoitik Unnayan O Parikalpana, Confidence Prakashani, Dhaka.
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.
