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Semester 5 Subjects

►Game Theory & Strategic Interactions

►Economic Growth & Business Cycles

►Introductory Development Economics

►DSE – Advanced Econometrics

►DSE – Law and Economics

►DSE – Environmental Economics

►DSE – Open Economics Macroeconomics

►DSE – Public Economics

Reading List of Introductory Development Economics

The Introductory Development Economics [ECON 015] 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 55 Hours.

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Demo Lectures for Introductory Development Economics

Course Introduction

Chapter 1 : Introducing Economic Development

Introductory Development Economics, Lecture #1

Introductory Development Economics, Lecture #2

Introductory Development Economics, Lecture #3

2024 PYQ Solutions

Numericalss

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Demo Quiz

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Amartaya Sen's Capability Approach Test #1

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3. The Paper has Twenty Questions
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1 / 20

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

A. Economic growth is the sole indicator of a country's development.

B. Individual freedoms and opportunities are central to evaluating development.

C. The number of consumer goods owned determines well-being.

D. National security is the most important aspect of development.

2 / 20

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

A. By focusing on income redistribution.

B. By measuring the overall happiness of a population.

C. By emphasizing the distribution of capabilities and opportunities.

D. By ensuring everyone has the same level of resources.

3 / 20

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

A. The services provided by the government.

B. The activities and states of being that make up a person’s life.

C. The material possessions a person has.

D. The healthcare facilities available in a country.

4 / 20

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

A. The ability to act on behalf of others.

B. The capacity to pursue goals that one values and has reason to value.

C. The ability to accumulate wealth.

D. The function of governmental institutions in policy-making.

5 / 20

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

A. Wealth

B. Capabilities

C. Social status

D. Political power

6 / 20

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

A. The amount of money a person has.

B. The education level a person has achieved.

C. The set of valuable doings and beings a person can achieve.

D. The employment status of a person.

7 / 20

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

A. Functionings

B. Capabilities

C. Resources

D. Utility

8 / 20

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

A. They do not account for environmental degradation.

B. They do not consider inequalities within a society.

C. They do not reflect individuals' actual capabilities to lead the lives they value.

D. All of the above.

9 / 20

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

A. As a lack of monetary resources.

B. As a failure of government policies.

C. As a deprivation of basic capabilities.

D. As a natural outcome of economic processes.

10 / 20

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

A. Owning a house

B. Being able to read and write

C. Having a high-paying job

D. Traveling internationally

11 / 20

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

A. It directly increases income levels.

B. It enhances individuals' capabilities and freedoms.

C. It is a measure of economic productivity.

D. It ensures political stability.

12 / 20

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

A. Gross Domestic Product (GDP)

B. Consumer Price Index (CPI)

C. Unemployment Rate

D. Interest Rates

13 / 20

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

A. It should primarily aim to increase national income.

B. It should focus on reducing taxes to stimulate growth.

C. It should aim to expand individuals' capabilities and opportunities.

D. It should ensure political stability through law enforcement.

14 / 20

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

A. Measuring economic growth solely through GDP.

B. Assessing well-being based on individuals' income levels.

C. Evaluating well-being based on individuals' actual capabilities and freedoms.

D. Determining social progress through technological advancements.

15 / 20

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

A. The income and wealth of an individual.

B. The states of being and activities that a person can undertake.

C. The educational qualifications of an individual.

D. The societal status of a person.

16 / 20

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

A. Availability of resources

B. Economic growth rates

C. Freedom to achieve various lifestyles

D. Technological advancement

17 / 20

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

A. The total wealth a person possesses.

B. The various functions a person can achieve.

C. The skills a person has acquired through education.

D. The potential to earn a high income.

18 / 20

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

A. Only the availability of resources.

B. Only economic development.

C. The opportunities and freedoms people have to achieve well-being.

D. Only technological progress.

19 / 20

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

A. Utilitarianism focuses on maximizing wealth, while the "Capability" approach focuses on individual freedoms.

B. Utilitarianism focuses on overall happiness, while the "Capability" approach focuses on individual capabilities.

C. Utilitarianism considers income equality, while the "Capability" approach considers income inequality.

D. Utilitarianism focuses on economic outputs, while the "Capability" approach focuses on social inputs.

20 / 20

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

A. Resources do not equate to actual freedoms and opportunities.

B. Resources are difficult to measure.

C. Resources are not related to economic growth.

D. Resources are not important for well-being.

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Demo PDF Notes

Demo PDF of Study Material for Introductory Development Economics

Chapter-1-Introducing-Economic-Development

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Exam Pattern

The Question Paper will be of 90 Marks

►30 Marks for Internal Assessment

►40 Marks for Continuos Assessment

►90 Marks for End Term Theory Examination

►[8 questions shall be asked, out of which any 5 (of 18 marks each) shall have to be attempted by the students]

Reading List

Click Here for Reading List of Introductory Development Economics

Course Content of our Video Lectures

Lectures are Strictly as per Latest Syllabus for UGCF

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

►Introduction to Some of World’s Biggest Questions,

►How Living Levels Differ Around the World,

►How Countries are Classified by their Average Levels of Development,

►Economics & Development Studies,

►The Meaning of Development,

►Happiness & Development,

►The 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

►Developing Countries,

►Conventional Comparisons of Average National Income,

►Adjusting for Purchasing Power Parity,

►Other Common Country Classifications,

►Comparing Countries by Health & Education Levels,

►Human Development Index,

►Inequality & Absolute Poverty,

►Population Growth & Age Structure,

►Social Fractionalism, Level of Industrialisation, Natural Resource Endowments, Financial & Other Market Development,

►Quality of Institutions & External Dependence,

►Convergence of Developed & Developing Nations,

►Long 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

►Creating Dimension Indices,

►Computing 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

►The Linear Stages Theories,

►Rostow’s Stages of Growth, The Harrod Domar Growth Model,

►Structural Changes Models, The Lewis Theory of Economic Development, Criticisms of the Lewis Model,

►Structural Change & Patterns of Development,

►The International Dependence Revolution, The Neocolonial Dependence Model, The False Paradigm Model, The Dualistic Development Thesis,

►The NeoClassical Counter Revolution, public Choice Theory, Market Friendly Approach,

►The 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

►The Size of the Market and the Inducement to Invest,

►The Theory of Development and the Idea of Balanced Growth,

►Determinants of the Size of the Market,

►Structural Change & Patterns of Development,

►Determinants of the Size the Market,

►Balanced Growth & International Specialisation,

►The 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

►Meaning of Linkages,

►Backward & Forward Linkages,

►Stimulus for Linkages,

►Linkages & Input Output Matrix,

►Linkages & Industrialisation,

►Criticism 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

►Development of Education and Human Capital,

►Upgrading the Infrastructure,

►Promoting Innovation and Technological Advancement,

►Inclusive Growth and Social Welfare,

►Suatainable 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

►Poverty as Capability Deprivation,

►Income Poverty and Capability Poverty,

►Inequality,

►Unemployment & Capability Deprivation,

►Health Care and Mortality,

►Poverty & Deprivation in India & Subsaharn Africa,

►Gender 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

►Meaning of Economic Inequality,

►Measuring of Economic Inequality,

►Four Criteria for Inequality Measurement, Anonymity Principle, Population Principle, Relative Income Principle and Dalton Principle,

►Lorenz Curve,

►Range, 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

►Meaning of Poverty, Absolute or Relative Poverty, Temporary or Chronic Poverty,

►Poverty Measures, Head Count Ratio, Poverty Gap Ratio, Income Gap Ratio,

►Poverty Empirical Observations,

►The Functional Impact of Poverty, Poverty Credit and Insurance,

►Poverty, Credit and Insurance,

►Poverty, Nutrition and Labour Markets, Nutrition and Work Capacity,

►The Unequal Sharing of Poverty,

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Economics (H) Semester V [ UGCF 2024 ]

Video Lectures, PDF Notes, Mock Tests & Live Doubt Sessions are offered for the following Subjects for BA (Hons) Economics Semester V, Delhi University