SEMESTER II CORE COURSE II DEVELOPMENT AND ENVIRONMENTAL ECONOMICS (EC2B02U) Module I Economic Growth and Development: Meaning and indicators of economic growth and development-GNP-Per capita income-PQLI-HDI-HPI Sen’s capabilities approach- features of – underdevelopment - factors affecting economic development (capital, labour and technology) - Development Gap - measuring poverty -theories of economic growth and development: Classical Marxian - Schumpeterian - Stage theory structuralist - dependency- and market-friendly – – approaches (concepts only). (35 Hrs) Module II Approaches to Economic Development: The vicious circle of poverty - low level equilibrium trap - Critical minimum effort thesis - Big push Lewis model Dualistic theories - – – balanced vs unbalanced growth strategy - cost-benefit analysis. (33 Hrs) Module III Human Resource Development - concept of intellectual capital- population growth and economic development Malthusian theory of population - theory of demographic transition - – issues of good governance. (15 Hrs) Module IV Environment-Economy Linkage - environment as a necessity and luxury - environment as a public good global environmental issues and concerns - Causes for environmental – degradation - market failure for environmental goods - the tragedy of commons - sustainable development - property right approach to environmental problems - valuation of environmental damages pollution - control of pollution: policy instruments and legislations - environmental – accounting. (25 Hrs)
SEMESTER II CORE COURSE II DEVELOPMENT AND ENVIRONMENTAL ECONOMICS (EC2B02U) Module I Economic Growth and Development: Meaning and indicators of economic growth and development-GNP-Per capita income-PQLI-HDI-HPI – Sen’s capabilities approach- features of underdevelopment - factors affecting economic development (capital, labour and technology) - Development Gap - measuring poverty -theories of economic growth and development: Classical – Marxian - Schumpeterian - Stage theory – structuralist - dependency- and market-friendly approaches (concepts only). (35 Hrs) Module II Approaches to Economic Development: The vicious circle of poverty - low level equilibrium trap - Critical minimum effort thesis - Big push – Lewis model – Dualistic theories - balanced vs unbalanced growth strategy - cost-benefit analysis. (33 Hrs) Module III Human Resource Development - concept of intellectual capital- population growth and economic development – Malthusian theory of population - theory of demographic transition - issues of good governance. (15 Hrs) Module IV Environment-Economy Linkage - environment as a necessity and luxury - environment as a public good – global environmental issues and concerns - Causes for environmental degradation - market failure for environmental goods - the tragedy of commons - sustainable development - property right approach to environmental problems - valuation of environmental damages – pollution - control of pollution: policy instruments and legislations - environmental accounting. (25 Hrs)
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