Development Economics I

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The Development Economics – I Course for BA (Hons) Economics Semester V, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 45 Hours.

Course Fee : Rs. 6000

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  • Mock Tests at the Website
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

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Solow Model Demo Test #1

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Course Content

Unit I : Conceptions of Development

11 Lectures Total Duration 605 Minutes

Unit II : Growth Model & Empirics

Chapter 6 : Economic Growth [243 Minutes]

Based Upon DE Chapter 3

6.1 Harrod Domar Model  [40 Minutes]

6.2 Solow Model  [95 Minutes]

6.3 Solow Model  [108 Minutes]

Chapter 7 : New Growth Theories [214 Minutes]

Based Upon DE Chapter 4

7.1 New Growth Theories [95 Minutes]

7.2 New Growth Theories [93 Minutes]

7.3 New Growth Theories [26 Minutes]

Unit III : Poverty & Inequality

Chapter 8 : Economic Inequalities [165 Minutes]

Based Upon DE Chapter 6

8.1 Economic Inequality  [89 Minutes]

8.2 Gini’s Coefficient  [76 Minutes]

Chapter 9 : Poverty [177 Minutes]

Based Upon DE Chapter 8

9.1 Poverty [78 Minutes]

9.2 Poverty [79 Minutes]

9.3 FGT Class [20 Minutes]

Chapter 10 : Poverty : Deatun [119 Minutes]

Based Upon Angus Deatun Chapter 1

10.1 Poverty  [66 Minutes]

10.2 Poverty  [53 Minutes]

Chapter 11 : Poverty : Amartya Sen [126 Minutes]

Based Upon Amartya Sen Chapter 4

11.1 Poverty [63 Minutes]

11.2 Poverty [63 Minutes]

Unit IV : Political Institutions & Functioning of the State

9 Lectures Total Duration : 471 Minutes

Course Description

This is the first part of a two-part course on economic development.  The course begins with a discussion of alternative conceptions of development and their justification.   It then proceeds to aggregate models of growth and cross-national comparisons of the growth experience that can help evaluate these models. The axiomatic basis for inequality measurement is used to develop measures of inequality and connections between growth and inequality are explored. The course ends by linking political institutions to growth and inequality by discussing the role of the state in economic development and the informational and incentive problems that affect state governance. 

Course Outline 

1. Conceptions of Development Alternative measures of development, documenting the international variation in these measures, comparing development trajectories across nations and within them. 
 
2. Growth Models and Empirics The Harrod-Domar model, the Solow model and its variants, endogenous growth models and evidence on the determinants of growth. 
 
3. Poverty and Inequality: Definitions, Measures and Mechanisms Inequality axioms; a comparison of commonly used inequality measures; connections between inequality and development; poverty measurement; characteristics of the poor; mechanisms that generate poverty traps and path dependence of growth processes. 
 
4. Political Institutions and the Functioning of the State The determinants of democracy; alternative institutional trajectories and their relationship with  economic  performance;  within-country  differences  in  the  functioning  of  state institutions; state ownership and regulation; government failures and corruption. 

Readings 

1. Debraj Ray, Development Economics, Oxford University Press, 2009.

2. Partha Dasgupta, Economics, A Very Short Introduction, Oxford University Press, 2007.

3.  Abhijit  Banerjee,  Roland  Benabou  and  Dilip  Mookerjee,  Understanding Poverty, Oxford University Press, 2006.

4. Kaushik Basu, The Oxford Companion to Economics in India, OUP, 2007.

5. Amartya Sen, Development as Freedom, OUP, 2000.

6. Daron Acemoglu and James Robinson, Economic Origins of Dictatorship and Democracy, Cambridge University Press, 2006.

7. Robert Putnam, Making Democracy Work: Civic Traditions in Modern Italy, Princeton University Press, 1994