| Re: University of Mumbai TYBA economics syllabus
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Section: I
1. Meaning of Development and Relevant Concepts
Distinction between growth and development, human development, Human Development Index, Gender Development Index, Sen‘s capabilities approach, environmental sustainability and development, Market and State as agencies of development
2. Classical Theories of Development
Rostow‘s stages of growth, Harrod-Domar growth model, Structural change and Lewis‘ model of unlimited supplies of labour, Solow‘s growth theory.
3. Contemporary Models of Development and Underdevelopment
Theories of endogenous growth with special reference to Romer‘s model, underdevelopment as coordination failure, multiple equilibria, the big push theory and Lebenstence Theory of Critical Minimum Efforts.
4. Poverty, Inequality and Development
Measurement of poverty – absolute and relative, Head-Count Index and Poverty Gap Indices, policy options for alleviation of poverty, measurement of income inequality, economic growth
and income inequality – Kuznet‘s inverted Hypothesis, impact of in equality on development.
Section: II
5. Population and Human Resources
Demographic transition, cause of high fertility in developing countries – the microeconomic household theory of fertility, consequences of high fertility, approaches to population policy,
contribution of education and health to economic growth and development, role of health in economic development.
6. Urbanization and Informal Sector
Causes and effects of urbanization, Harris-Todaro model of rural-urban migration, migration and development, policies for the urban informal sector, women in the informal sector, the microfinance revolution
7. Agricultural Transformation and Rural Development
Role of Agriculture in economic development, rural credit markets : organized and unorganized, policies for rural development, agriculture and the WTO.
8. International Aspects of Development
Trade strategies for development : inward looking and outward looking, financing of balance of payments deficits, foreign direct investment and multinational corporations, foreign portfolio
investments and developing countries, role of IMF and the World Bank – stabilization and structural adjustment programmes.
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