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.