EC-301 · Semester I · Official Syllabus
Development and Planning Syllabus
Theories of growth and the practice of economic planning and policy.
Semester I · Credit Hours 3 · Full Marks 100 · Pass Marks 50 · Lecture Hours 48
Course Objective: This course offers advanced studies with an application perspective on development and planning, with a special focus on perspectives on development, theories of development, poverty, inequality, unemployment, current development issues, and planning.
Unit I: Perspectives on Development (10 Hours)
Meaning of economic growth and development; alternative concepts of development; income-based and capability-based approach of development; new development paradigm; sustainable development; new structural economics: a framework for rethinking development; thinking big and thinking small.
Unit II: Theories and Strategies of Development (10 Hours)
Classical theory; structural change model: Lewis two-sector model, Harris-Todaro model, balanced and unbalanced growth models; dependency and world system theory; Schultz approach of agricultural growth and development and critical minimum effort theory.
Unit III: Contemporary Development Issues (10 Hours)
Climate change and environmental sustainability; technological change and digital divide; gender and development; demographic shift and dividend; conflict, peace, and development; black economy; impacts of liberalization, globalization, and privatization.
Unit IV: Poverty, Inequality and Unemployment (8 Hours)
Poverty and inequality: measurement (monetary and non-monetary); types, measurement, and consequences of unemployment; assessment of policies geared towards poverty reduction, unemployment, and inequality; role of the state in policy reform.
Unit V: Development Planning (10 Hours)
Concept and rationale of planning; planning in socialist, capitalist, and mixed economies; periodic and perspective plans; local development planning; regional development planning; project planning; growth pole and growth center in planning; planning in a federal system.
References
- Alkire, S., Roche, J. M., Ballon, P., Foster, J., Santos, M. E., & Seth, S. (2015). Multidimensional poverty measurement and analysis. Oxford University Press.
- Banerjee, A. V., & Duflo, E. (2011). Poor economics: Rethinking poverty and the ways to end it. Public Affairs.
- Basu, K. (2002). Analytical development economics. OUP.
- Brück, T., Justino, P., & Martin-Shields, C. P. (2017). Conflict and development: Recent research advances and future agendas (WIDER Working Paper 2017/178).
- Chang, H. (2003). Globalization, economic development and role of the state. Zed Books.
- Chaubey, P. K. (1995). Poverty measurement: Issues, approaches, and indices. New Age International.
- Cohen, J., & Easterly, W. (2009). What works in development? Thinking big and thinking small. Brookings Institution Press.
- Dale, R. (2004). Development planning. Zed Books.
- Dallor, D., & Paul, C. (2001). Globalization, growth and poverty: Building an inclusive world economy. The World Bank, OUP.
- Das, G., Ajit, K., & Pearce, D. W. (1978). Cost-benefit analysis: Theory and practice. ELBS/Macmillan.
- Hayami, Y. (1997). Development economics. OUP.
- Lin, J. Y. (2012). New structural economics: A framework for rethinking development and policy. World Bank.
- Little, I. M. D., & Mirrless, J. A. (1974). Project appraisal and planning for developing countries. Heinemann.
- Meier, G. M., & Rauch, J. E. (2000). Leading issues in economic development. OUP.
- Potts, D. (2005). Project planning and analysis for development. VIVA Books.
- Ray, D. (2003). Development economics. OUP.
- Sen, A. K. (1992). Inequality reexamined. OUP.
- Stiglitz, J. E. (2002). Globalization and its discontents. Penguin Books.
- Subramanian, S. (2000). Measurement of inequality and poverty. OUP.
- World Bank. (2011). World Development Report: Conflict, security and development. The World Bank.
- Thirlwall, A. P. (1999). Growth and development (6th ed.). Macmillan.
- Todaro, M. P., & Smith, S. C. (2004). Economic development. Pearson Education.
- UNIDO. (1972). Guidelines for project evaluation (Project Formulation and Evaluation Series No. 2).
- World Bank. (2002). Globalization, growth, and poverty: Building an inclusive world economy. Oxford University Press.
- World Development Reports of various years.