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Course Title: ECONOMICS-III Credit Units: 4 Course Level: UG Course Code: ECON 304

This document outlines an Economics course focusing on theories of economic growth and development, including concepts like balanced and unbalanced growth, obstacles to development, and development indicators. The course will cover development theories, the structure and development of the Indian economy, including sectors like agriculture and industry, and recent trends. Students will analyze factors influencing development and apply concepts to the Indian economy through assignments, presentations, and case studies.

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731 views5 pages

Course Title: ECONOMICS-III Credit Units: 4 Course Level: UG Course Code: ECON 304

This document outlines an Economics course focusing on theories of economic growth and development, including concepts like balanced and unbalanced growth, obstacles to development, and development indicators. The course will cover development theories, the structure and development of the Indian economy, including sectors like agriculture and industry, and recent trends. Students will analyze factors influencing development and apply concepts to the Indian economy through assignments, presentations, and case studies.

Uploaded by

chhaayaachitran akshu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Annexure ‘CD – 01’

L T P/S SW//PS TOTAL


DA CREDIT
Course Title: ECONOMICS-III UNITS
Credit Units: 4 3 - - 2 4
Course Level: UG
Course Code: ECON 304

Course Objectives: This paper aims at enabling the students to know about theories of growth and development, importance of economic policies and
techniques of planning and its recent adaptation in the light of market dominated strategy. The course covers a reasonable introduction to Indian
economy along with sectoral aspects of development and importance of economic planning.
Pre-requisites: Introductory economics

Course Contents/Syllabus:
Weightage (%)
Module I :Concept of Development 20
Introduction to Development: Economic Growth and economic development.
Determinants of economic growth, obstacles to economic growth, Vicious circle of poverty, Strategy of economic development:
Balanced and Unbalanced Growth
Development as an evolving concept: Goulet’s views on development, Sen’s Concept of development, PQLI and HDI as Course
indicators of development. Learning
Self Work: Analyse obstacles to economic development in India
Module II : Development Theories 20
Karl Marx, Schumpeter and Rostow’s Stage theory, Joan Robinson Model;
Dualism: Meaning, Characteristics and forms;
Models of Dualistic growth: Lewis, Ranis and Fei and Jorgenson, Todaro.

Module III :Indian Economic Development 20


Basic Characteristics of Indian Economy ,
Overview of Economic Planning in India, Dissolution of Planning Commission, NITI Aayog: Structure, objectives and working
Major issues of Development in India:
Agriculture: Place of Agriculture in Indian economy. Agricultural Productivity – Causes of Low Productivity & Measures,
Industry: Overview of Industrial Development in India
Role of Service Sector in Economic Development,
Self Work: Assignment on “ importance of agriculture sector in Indian economy”

Module IV : Indian Economy and External Sector 20


International Organizations: IMF , World Bank, WTO and India
Special Economic Zones,
Foreign Direct Investment
Self Work: Assignment on “Sector wise analysis of FDI in India”
Module V: Recent Trends & development 20
Recent Trends in Agriculture development , MSME- Introduction and recent trends, Infrastructure & Economic Development under PPP
Model, Recent trends in FDI and their impact on Indian Economy, Govt. initiatives for poverty eradication and employment (skill India)
Self Work: Assignment on “Infrastructure development under PPP model in India”
Outcomes:
At the end of the course students will be able:

 To understand the concept of development and various theories of development


 To determine the importance of composite indices in development process of an economy.
 To analyses of the basic structure of Indian Economy.
 Students will evaluate, and interpret the need of planning and know the changes through planning that led to evolution of Indian economy
 To outline the significance of international economic organizations
 To be able to apply the knowledge from the recent trends and development in Indian Economy in practical life
Pedagogy for Course Delivery:
Remote classroom teaching shall be used for developing the concepts. Extensive use of case studies shall be made to develop practical
approach and inclination. Innovative discussions shall be carried out in class so that students learn to think liberally using current
knowledge base. The course will be taught through classroom teaching, PowerPoint Presentations, Video and audio tapes, assignments, case
studies and quizzes.

List of Professional Skill Development Activity:

PSDA-I

 Group Discussion : Importance of agriculture sector/ manufacturing sector in Indian economy


 Case Study: Infrastructure development under PPP model in India
PSDA-II

 Class room Seminar- Special Economic zones –India and China


 Group Discussion: Sector wise analysis of FDI in India

Assessment/ Examination Scheme:

Theory L/T (%) Lab/Practical/Studio (%) End Term Examination

40 N.A 60

Theory Assessment (L&T):

Continuous Assessment/Internal Assessment End Term


Examination
Components PROJECT 1 Mid Term Presentation Attendance
Exam

Weightage (%) 10% 10% 15% 5% 60%

Linkage of PSDA with Linked NA Linked NA NA


Internal Assessment to PSDA to
Component, if any 1 PSDA 2

Mapping Continuous Evaluationcomponents/PSDA with CLOs

Bloom’s Level > Remembering Understandin Applying Analysing Evaluati Creating


g ng
Course Learning CLO 5 CLO1 CLO6 CLO3 CLO CLO4
Outcomes 2

Assessment
type/PSDA
Mid Term  
PSDA 1      
PSDA 2     
Text Reading:
 Meier, Gerald M. and James E. Raunch (2003) : Leading Issues in Economic Development, Oxford University Press, New York.
 Thirlwall, A. P. (2003) : Growth and Development, Seventh Edition, Palgrave Macmillan, New York.
 Todaro, Michael P. and Stephen C. Smith (2004) : Economic Development, Pearson Education (Singapore) Pvt.Ltd., Indian Branch,
Delhi.
 Ray, Debraj (2004) : Development Economics, Seventh Impression, Oxford University Press, New Delhi.

References:
 Rudra Dult & Sundharam, “Indian Economy: S. Chand & Co., Ltd. New Delhi.
 Mishra & Puri,” Economic development & Planning, Himalaya Publishing House, Mumbai.
 M.L. Jhingan, “Money, Banking, International Trade & Public Finance.
 I.C. Dhingra, Indian Economy & Environment & Policy, Sultan Chand & Sons New Delhi.
 M.L. Seth, Money Banking, International Trade & Public Finance, Laxmi Narain Agarwal, Agra.

Additional Reading:

 Meier & Baldwin, economic Development: Theory, History & Policy.” Harper & Row London.
 M. Todaro, ‘Economic Development in the Third World, Longman, New York.
 G. Ackley, Macro Economic Theory, Mc. Graw Hill, New York.
 R.L.Miller and R.W. Pullinelli, Modern Money and Banking, Mc.Graw Hill.
 Reserve Bank of India, Functions and Working of R.B.I.
 Economic and Political Weekly: Various Issues.
 Government of India: Economic Survey (Annual), Ministry of Finance, New Delhi.

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