|
Module name |
Concepts covered |
Recorded Videos - No. of hours |
Assessment |
Learning outcomes |
| Session 1 |
Introduction to Economic Development I
(Historical context) |
Economic Development – How it all started? |
2 |
|
Good understanding of what is economic development, why it is important and historical perspective. |
| Session 2 |
Introduction to Economic Development II
(A Global and Comparative Perspective) |
Economic Development Across the World |
2 |
|
Good understanding of the nature of development economics, why study development economics, some critical questions, the important role of values in development economics, economies as social systems: the need to go beyond simple economics, the capability approach. |
| Session 3 |
Theories of Economic Growth and Development I
(Classical Theories) |
The Economic Revolution; why the economists had so long to wait; classical theories – Adam Smith; Thomas Malthus; David Ricardo; Karl Marx and others |
2 |
Exercise |
Good understanding of economic growth, economic revolution, why economists had so long to wait, classical theories (Adam Smith, David Ricardo, Thomas Malthus, Karl Marx etc.). |
| Session 4 |
Theories of Economic Growth and Development II
(Theories of Twentieth Century) |
Dual economy/sector model; Harrod Domar Model; Neo-classical/Capital accumulation/Solow Model; Endogenous Growth Models |
2 |
Exercise |
Good (and practical) understanding of economic growth and growth theories (Dual economy model, Harrod Domar Model, Neo-classical/Capital accumulation/ Solow model, endogenous growth models). |
| Session 5 |
Poverty; Introduction to Multidimensional Poverty |
Introduction; Measurement and different measures; Multidimensional Poverty; possible causes and consequences of poverty; policy prescriptions |
2 |
|
Good (and practical) understanding of what is poverty, different kinds of poverty, issues in poverty measurement, different measures of poverty, multidimensional poverty, causes of poverty (Indian context), consequences of poverty and policy suggestions. |
| Session 6 |
Inequality; Inequality of Opportunity; Inequality and Growth Debate |
Inequality – introduction, measurement and measures; trends across the globe; causes of inequality; inequality and economic growth debate; Inequality of opportunity; Policy Suggestions for reducing poverty and inequality |
2 |
Exercise |
Good (and practical) understanding of trends in inequality across the globe, what is inequality, measurement of inequality and inequality measures, causes and consequences of inequality, inequality and economic growth debate, policy suggestions for reducing inequality. |
| Session 7 |
Recap + Q&A |
For reflection and review |
2 |
NA |
For reflection and review |
| Session 8 |
Development Planning in India |
Situation of India at the time of independence; strategies vs. structural constraints; development debate; the five-year plans till 1990/91. |
2 |
Exercise |
Good understanding of Indian development planning experience, problems with the planning process and achievements. |
| Session 9 |
Economic Liberalization; Washington Consensus |
The economic liberalization experience of India and the evolution as well as the role of Washington based institutions. |
2 |
Exercise |
Good understanding of the Indian economic liberalization experience, the Washington consensus and the way forward. |
| Session 10 |
Status of Human Development in India |
Human Development – introduction; the central role of education and health; status of education and health in India; measuring human development; HDI |
2 |
Exercise |
Good understanding of Human Development, role of education and health, status of education and health in India, measuring human development, HDI |
| Session 11 |
Costs of Economic Development in India;
Political Economy of Development in India |
Political economy of development; political institutions; political economy (elite capture, cognitive capture, regulatory capture etc.); costs of economic development/ growth (environmental, social, health etc.) |
2 |
|
Good understanding of Political economy of development, political institutions, political economy (elite capture, cognitive capture, regulatory capture etc.), costs of economic development/ growth (environmental, social, health etc.). |
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