Student will be able to:
i) Explain the basics of economic growth, economic development, factor affecting economic development, difference between economic development and economic growth.
ii) Learn about basis and structure of Harrod- Domar growth model.
iii) Analyse the concept and effects of the different factors in Solow Growth model.
iv) Understand the concept of convergence.
v) Get knowledge about the basic framework of the AK model.
vi) Know the interrelationship between Traditional Subsistence sector and Modern Industrial sector in Lewis model.
vii) Learn about poverty and its measures and find out the various causes and measures of inequality.
viii) Identify the role of technological progress, human capital in process of Economic growth.
ix) Learn about international trade and inequality.
x) Understand the role of government and market in economic development
- Teacher: Dr. Sultan Singh