GE Basic Economics Readings

Minutes of Meeting

  • Subject: Generic Elective (GE-2)

  • Course: Basic Development Economics (ECON029)

  • Date of Meeting: May 13, 2024

  • Venue: Department of Economics

  • Moderators: Dr. Anish Gupta and Dr. Dharamveer

  • Attendees:

    • Prof. Deepti Taneja - Delhi College of Arts & Commerce

    • Dr. Rekha Sharma - Sri Guru Gobind Singh College of Commerce

    • Ms. Deepti Sethi - Janki Devi Memorial College

    • Ms. Kokila Meena - Satyawati College (M)

    • Dr. Jitender Kumar - Shyam Lal College (M)

    • Mr. Anil Kumar - Dyal Singh College

    • Dr. Subasini Maharana - Jesus and Mary College

    • Prof. Aradhana Nanda - Sri Guru Gobind Singh College of Commerce

    • Ms. Phunchok Dolkar - Kalindi College

Course Information

Credit Distribution

  • Course Title & Code: Basic Development Economics / ECON029

  • Credits: 4

  • Credit Distribution: 3 Lecture, 1 Tutorial

  • Eligibility Pre-requisite: Class XII, NIL

Learning Objectives

  • Introduction to key concepts in economic growth, human development, and globalization.

  • Discussions on alternative conceptions of development.

Learning Outcomes

  • Critical understanding of contemporary issues in economic growth and development.

  • Preparation for professional roles in corporate, civil service, and NGO sectors.

Syllabus Overview

Unit I: Development and Underdevelopment (11 hours)

  • Growth vs Development

  • Classic and Contemporary Approaches to Development

Unit II: Development Goals and Indicators (12 hours)

  • Concepts and Measures of Poverty and Inequality

  • National and International Poverty Lines

Unit III: Capabilities and Sustainable Development (11 hours)

Unit IV: Globalization and Development (11 hours)

Compulsory Readings

Unit I: Development and Underdevelopment

  • Debraj Ray, Development Economics, 1998. Chapter 2

  • Partha Dasgupta, Economics: A Very Short Introduction (AVSI), 2007.

Unit II: Development Goals and Indicators

  • Debraj Ray, Development Economics, 1998, Chapter 6 and segments of Chapter 8.

Unit III: Capabilities, Human Development, and Sustainable Development

  • Amartya Sen, Development as Freedom, OUP, 2000, Chapter 4.

Unit IV: Globalization and Development

  • Michael P. Todaro & Smith, Economic Development, Pearson, 12th Edition, Chapter 12.

Examination Scheme

  • Internal Assessment: 30 Marks

  • Continuous Assessment: 40 Marks

  • End-term Theory Examination: 90 Marks - 8 questions, 18 marks each.

Additional Notes

  • Emphasized importance of the reading materials and course structure for students’ success in the course and future professional engagement.