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

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