Introductory Development Economics [ECON 015]

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BA Economics (H) Semester V

Introductory Development Economics ( ECON - 015 )

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The Introductory Development Economics ( ECON – o15 ) Course for BA Economics (H) 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 55 Hours.

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Recomended Readings

1. Todaro, M. P., & Smith, S. C. (2020). Economic Development. Pearson UK.

2. Albert O. Hirschman, Rival Views of Market Society and Other Essays.

3. Nurkse, Ragnar (1961). Problems of Capital Formation in Underdeveloped Coun- tries. New York: Oxford University Press.

4. Debraj Ray, Devlopment Economics

Introductory Development Economics (Econ – 015) Introduction Video

Chapter 1 : Introducing Economic Development

Lecture 1 : Economic Growth Vs Economic Development

Lecture 2 : Fundamental Questionsata of Growth & Development

Lecture 3 : Living Standards

Chapter 9 :Ā Economic Inequality

Economic Inequality Numerical

Previous Year Questions (PYQ’s)

PYQ 2024 Q6

PYQ 2024 Q2

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Amartaya Sen's Capability Approach Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
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3. The Paper has Twenty Questions
4. Time Allowed is 20 Minutes.
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1 / 20

According to Amartya Sen, which of the following is more important than income in assessing individual well-being?

2 / 20

What role does public policy play in Sen’s "Capability" approach?

3 / 20

Sen’s "Capability" approach is often contrasted with which traditional economic measure?

4 / 20

Which aspect does Sen’s "Capability" approach emphasize when assessing quality of life?

5 / 20

What does Sen mean by "functionings" in his "Capability" approach?

6 / 20

Why does Sen criticize traditional economic measures like GDP per capita?

7 / 20

How does Sen’s "Capability" approach view poverty?

8 / 20

Sen's "Capability" approach emphasizes the importance of:

9 / 20

What is the core idea of Amartya Sen’s "Capability" approach?

10 / 20

What is a key difference between the "Capability" approach and utilitarianism?

11 / 20

Which of the following best describes "functionings" in Sen’s approach?

12 / 20

Which of the following best represents the idea of "capability" in Sen's approach?

13 / 20

In the "Capability" approach, why is access to education considered important?

14 / 20

Which of the following best describes "agency" in the context of Sen’s "Capability" approach?

15 / 20

Which of the following statements aligns with Sen’s "Capability" approach?

16 / 20

According to Sen, which of the following is an example of a basic capability?

17 / 20

How does Sen's "Capability" approach address issues of inequality?

18 / 20

According to Sen’s "Capability" approach, what is a "capability"?

19 / 20

Which of the following is a limitation of focusing solely on resources according to Sen’s "Capability" approach?

20 / 20

Which of the following is NOT a key component of the "Capability" approach?

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Till end of Semester V Exams

Unit I : Introducing Economic Development : Global Perspective

Chapter 1 : Introducing Economic Development

Number Video Lectures : 2

Duration of Video Lectures : 51 Minutes

Based Upon Chapter 1 Todro M.P. & Smith S. C.

Topics Covered

ā–ŗIntroduction to Some of World’s Biggest Questions,

ā–ŗHow Living Levels Differ Around the World,

ā–ŗHow Countries are Classified by their Average Levels of Development,

ā–ŗEconomics & Development Studies,

ā–ŗThe Meaning of Development,

ā–ŗHappiness & Development,

ā–ŗThe Sustainable Development Goals,

Chapter 2 : Comparative Economic Development

Number Video Lectures : 2

Duration of Video Lectures : 51 Minutes

Based Upon Chapter 2 Todro M.P. & Smith S. C.

Topics Covered

ā–ŗDeveloping Countries,

ā–ŗConventional Comparisons of Average National Income,

ā–ŗAdjusting for Purchasing Power Parity,

ā–ŗOther Common Country Classifications,

ā–ŗComparing Countries by Health & Education Levels,

ā–ŗHuman Development Index,

ā–ŗInequality & Absolute Poverty,

ā–ŗPopulation Growth & Age Structure,

ā–ŗSocial Fractionalism, Level of Industrialisation, Natural Resource Endowments, Financial & Other Market Development,

ā–ŗQuality of Institutions & External Dependence,

ā–ŗConvergence of Developed & Developing Nations,

ā–ŗLong Run Causes of Comparative Development,

Chapter 3 : Human Development Index

Number Video Lectures : 1

Duration of Video Lectures : 8 Minutes

Based Upon HDI Report 2016 Technical Note 1

Topics Covered

ā–ŗCreating Dimension Indices,

ā–ŗComputing HDI,

Unit II : Theories of Economic Development

Chapter 4 : Classic Theories of Economic Growth & Development

Number Video Lectures : 2

Duration of Video Lectures : 51 Minutes

Based Upon Chapter 3 Todro M.P. & Smith S. C.

Topics Covered

ā–ŗThe Linear Stages Theories,

ā–ŗRostow’s Stages of Growth, The Harrod Domar Growth Model,

ā–ŗStructural Changes Models, The Lewis Theory of Economic Development, Criticisms of the Lewis Model,

ā–ŗStructural Change & Patterns of Development,

ā–ŗThe International Dependence Revolution, The Neocolonial Dependence Model, The False Paradigm Model, The Dualistic Development Thesis,

ā–ŗThe NeoClassical Counter Revolution, public Choice Theory, Market Friendly Approach,

ā–ŗThe Solow NeoClassical Growth Model,

Unit III : The Strategy of Economic Development : Institutional Pathways

Chapter 5 : Problems of Capital Formation in Underdeveloped Countries

Number Video Lectures : 2

Duration of Video Lectures : 51 Minutes

Based Upon Nurkse Ragnar

Topics Covered

ā–ŗThe Size of the Market and the Inducement to Invest,

ā–ŗThe Theory of Development and the Idea of Balanced Growth,

ā–ŗDeterminants of the Size of the Market,

ā–ŗStructural Change & Patterns of Development,

ā–ŗDeterminants of the Size the Market,

ā–ŗBalanced Growth & International Specialisation,

ā–ŗThe Traditional Pattern of Foreign Investment,

Chapter 6 : Linkages in Economic Development

Number Video Lectures : 3

Duration of Video Lectures : 74 Minutes

Based Upon Chapter 3 Albert O. Hirschman

Topics Covered

ā–ŗMeaning of Linkages,

ā–ŗBackward & Forward Linkages,

ā–ŗStimulus for Linkages,

ā–ŗLinkages & Input Output Matrix,

ā–ŗLinkages & Industrialisation,

ā–ŗCriticism of Import Substituting Industrialisation,

Chapter 7 : Strategies for Economic Development

Number Video Lectures : 3

Duration of Video Lectures : 70 Minutes

Based Upon Chapter 6 Amitva Krishna Dutt

Topics Covered

ā–ŗDevelopment of Education and Human Capital,

ā–ŗUpgrading the Infrastructure,

ā–ŗPromoting Innovation and Technological Advancement,

ā–ŗInclusive Growth and Social Welfare,

ā–ŗSuatainable Development,

Unit IV : Poverty and Inequality

Chapter 8 : Poverty as Capability Deprivation

Number Video Lectures : 2

Duration of Video Lectures : 115 Minutes

Based Upon Chapter 4 Amartya Sen

Topics Covered

ā–ŗPoverty as Capability Deprivation,

ā–ŗIncome Poverty and Capability Poverty,

ā–ŗInequality,

ā–ŗUnemployment & Capability Deprivation,

ā–ŗHealth Care and Mortality,

ā–ŗPoverty & Deprivation in India & Subsaharn Africa,

ā–ŗGender Inequality & Missing Women,

Chapter 9 : Economic Inequality

Number Video Lectures : 5

Duration of Video Lectures : 198 Minutes

Based Upon Chapter 6 Debraj Ray

Topics Covered

ā–ŗMeaning of Economic Inequality,

ā–ŗMeasuring of Economic Inequality,

ā–ŗFour Criteria for Inequality Measurement, Anonymity Principle, Population Principle, Relative Income Principle and Dalton Principle,

ā–ŗLorenz Curve,

ā–ŗRange, The Kuznets Ratios, Mean Absolute Devation, Standard Deviation and Gini Coefficient,

Chapter 10 : Poverty & Undernutrition

Number Video Lectures : 4

Duration of Video Lectures : 190 Minutes

Based Upon Chapter 8 Debraj Ray

Topics Covered

ā–ŗMeaning of Poverty, Absolute or Relative Poverty, Temporary or Chronic Poverty,

ā–ŗPoverty Measures, Head Count Ratio, Poverty Gap Ratio, Income Gap Ratio,

ā–ŗPoverty Empirical Observations,

ā–ŗThe Functional Impact of Poverty, Poverty Credit and Insurance,

ā–ŗPoverty, Credit and Insurance,

ā–ŗPoverty, Nutrition and Labour Markets, Nutrition and Work Capacity,

ā–ŗThe Unequal Sharing of Poverty,

Quick Links forĀ BA Economics (Hons) Semester V Subjects

Generic Elective Subjects

GE : Principles of Microeconomics – I

GE : Theory of Public Finance

GE : Money & Banking

GE : Introduction to Comparative Economic Development