Annexure CD 01

Course Title: ECONOMICS III

Course Level:UG

Credit Units: 4
Course Code:

ECON304

P/S

SW/F
W

TOTAL
CREDIT
UNITS
4

Course Objectives:
The objective of this paper to understand the issues related to economic development and planning and International trade and enables them to have a broader
perspective while dealing with these issues as a policy maker..
Pre-requisites: NIL
Course Contents/Syllabus:
Weightage (%)
Module I Concepts of Development

25

Concepts of economic development and growth, determinants of economic growth, obstacles to economic growth,
Vicious circle of poverty, Strategy of economic development: Balanced and unbalanced growth, Ragnar Nurkse Theory
of Balanced Growth, Big Push theory. Hirschman theory of unbalanced growth. Inequalities of income and wealth.
Module II Economic Planning

25

Economic planning: meaning, forms of planning, objectives & significance and rationale of planning, features of
planned economy, Five year plans: Strategy of plans, critical appraisal of plans.
Module III International Trade

25

Liberalization & Globalization: Argument for and against, Economic Reforms: Banking, IMF and World Bank,
International Trade Reforms, GATT and WTO, Special Economic Zones, Foreign Direct Investment.
Module IV Indian Economy

Basic Characteristics of Indian Economy as a Developing Economy. Comparison of Indian Economy with Developed
Countries Population , Per-capita Income, Human Development Index., Agriculture, Industry, Service Sector. Major
issues of Development in India. Agriculture, Place of Agriculture in Indian economy. Agricultural Productivity
Causes of Low Productivity & Measures. Industry. Role of Industrialization. Industrial Policy 1991.Small Scale and
Cottage Industry. New Economic Policy of India.
Student Learning Outcomes:

25

At the end of the course students will be able to:

Students can give examples of and explain the wide differences in economic experiences and living standards across countries.
Students can apply relevant economic concepts and models (such as comparative advantage) to explain and analyze global economic relations.
Students can give examples of how countries or regions economic performance and institutions might be shaped by its distinctive history or culture.

Pedagogy for Course Delivery:

The course will be delivered through a combination of theoretical and case study approach. Students will be motivated to get updated with recent economic
decisions and changes being taken place through classroom discussions on newspaper clippings and articles. Students will be assigned projects to integrate
theory with practical aspects
Lab/ Practicals details, if applicable:

NA

Assessment/ Examination Scheme:

Theory L/T (%)

Lab/Practical/Studio (%)

End Term Examination

100

100

Theory Assessment (L&T):

Continuous Assessment/Internal Assessment

End Term Examination

Components (Drop down)

Mid-Term Exam

Project

Viva

Attendance

Weightage (%)

70%
10%

Text:

10%

5%

5%

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.

References:

End Term
Examination

Meier & Baldwin, economic Development: Theory, History & Policy. Harper & Row London.
M. Todaro, Economic Development in the Third World, Longman, New York.

Additional Reading:

G. Ackley, Macro Economic Theory, Mc. Graw Hill, New York.

R.L.Miller and R.W. Pullinelli, Modern Money and Banking, Mc.Graw Hill.

Any other Study Material:

Reserve Bank of India, Functions and working of R.B.I.