M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .• Jha, R., Modern Public Economics, Routledge, London.• Musgrave, R.A. and P.B. Musgrave, Public Finance in Theory and Practice, McGraw Hill,Kogakusha, Tokyo.• Shoup, C.S., Public Finance, Aldine, Chicago.• Shome, P., Tax Policy : Handbook, Tax Division, Fiscal Affairs Department, InternationalMonetary Fund, Washington D.C.• Cornes, R. and T. Sandler, The Theory of Externalities, Public Goods and Club Goods,Cambridge University Press, Cambridge.• Duff, L., Government and Market, Orient Longman, New Delhi.• Herber, B.P., Modern Public Finance, Richard D. Irwin, Homewood.• Spulber, N., Redefining the State, Cambridge University Press, Cambridge.• Friedman, A., Welfare Economics and Social Choice Theory, Martins Nijhoff, Boston.Page 64
DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .M.A. ECONOMICSSEMESTER WISE - DETAILED SYLLABUSFOURTH SEMESTERPAPER – 403ECONOMICS OF GROWTH AND DEVELOPMENTUNIT 1:Economic growth and development — Factors affecting economic growth: capital, labour andtechnology; Growth models — Harrod and Domar, instability of equilibrium; Neo-classical growth modelsTechnological progress — embodied and disembodied technical progress; Hicks, Harrod; learning bydoing, production function approach to the economic growth; Total factor productivity and growthaccounting;UNIT 2:Social and Institutional Aspects of Development ,Development and underdevelopment — Perpetuationof underdevelopment; Poverty — Absolute and relative; Measuring development and developmentgap — Per capita income, inequality of income, Human development index and other indices ofdevelopment and quality of life — Food security, education, health and nutrition; Human resourcedevelopment; Population problem and growth pattern of population — Theory of demographictransition; Population as limits to growth and as ultimate source — Population, poverty and environment;Economic development and institutions — markets and market failure, state and state failure, issues ofgood governance.UNIT 3:Theories of Development, Classical theory of development, Contributions of Adam Smith, Ricardo,Malthus, James Mill, Karl Marx and Schumpeter. Approaches to Development, Partial theories of growthand development — vicious circle of poverty, circular causation, unlimited supply of labour, big push,Page 65
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M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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