Economics of Development

Economics of Development - Index

Unit 1 Economic Development

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1.1 Economic Underdevelopment: Concept, Definition and Indicators

1.2 Economic Development: Concept, Definition and Indicators

1.3 Economic Growth: Concept, Definition and Indicators

1.4 Economic Development V/s Economic Growth

Unit 2 Economic Growth Models

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2.1Harrod&Domer model

2.2 Classical theories of Development: Adam Smith & David Ricardo

2.3 Karl Marx Theory of Development

2.4 Schumpeter and Capitalistic Development

Unit 3 Economic Growth Models

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3.1Vicious Circle of Poverty

3.2GurnarMirdals Theory of Circular Causation

3.3Lewis theory of Unlimited Supplies of Labour

3.4Big Push Theory of Development

Unit 4 Growth: Balanced & Unbalanced

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4.1Balanced Growth: Concept, Essentials and criticisms, Rodan’s Approach

4.2 Duseanbari Effect, Prof. Nerks Approach of Balanced Growth

4.3 Unbalanced Economic Growth: Concept, Nature and Principle

4.3 SEZ: A Solution over Unbalanced Growth in India

Unit 5 Development of Capital: Human & Financial

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5.1 Indicators and Importance of Human Resource Development

5.2 Quality of Human Capital-Role of Education and Health

5.3 Requirement of Capital Formation: Desired Rate of Growth and Incremental Capital-output ratio

5.4 Domestic Savings and Capital Formation in India: Trends and Analysis

Content 1 2 3 4 5

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Interview Question: Finance (Accounting)

Interview Questions (Continued...) Domain Questions-finance (Accounting) 1. How does the owner recover his capital from business? -> From profits 2. What is permissible accounting method (it is a method mentioned in GAAP). -> Only the accrual accounting method is allowed by generally accepted accounting principles (GAAP). Accrual accounting recognizes costs and expenses when they occur rather than when actual cash is exchanged. 3. Name two accounting principles? -> Accrual principle Conservatism principle Consistency principle Cost principle Economic entity principle Full disclosure principle Going concern principle Matching principle Materiality principle Monetary unit principle Reliability principle Revenue recognition principle Time period principle 4. What do you mean by going Concept? -> Going concern is an accounting term for a company that is financially stable enough to meet its obligations and continue its business for the foreseeable futur...

Interview Notes / Questions - US Taxation 1065 & 1120

1. 163 J: Business Interest Expense limitation: Example: Capital Structure: Debt - 98% Equity - 2% 8890 Fedra Form Why IRS limiting a corporation? Corporation highly leverage on debt so they pay high interest expense to claim deductions. 2. Sec 78 Gross up: If parent paid taxes of it's foreign subsidiaries, then the parent Can Claim that tax in us and can pay less tax Ex. 100$ (CFC) earn & paid 10$ tax & in Us parent must 21% 21$ pay can deduct 10$, must pay only 11$. line 30 state 50% deduction line 28 State 100% deduction $210 $ 10 = $ 11 3. Sub part F: If Sub part f is an income which is relatively movable from one taxing jurisdiction to another and that is Subject to low rates of foreign tax - This applies to CFC only. 4. DRD: Dividend Received Deduction It is a tax deduction available to corporations in the US that receive dividen...

Phrose 1 - The Town Week - by E.V. Lucas (Sem IV)

In his celebrated essay, “The Town Week” E. V. Lucas very artistically painted various moods and attitudes of the urban people in the seven days of a week. On Monday, people wake up from their dreamy and lazy languor. The day seems flat as if without any colour and flavour. The fun and relic of the Saturday and Sunday have gone. They look morose and pale. A dull and monotonous life is going to eat them up once again. Reluctantly, people come back to their workplaces from their village home. The town becomes populated and busy. The local trains are over-crowded. They do not put their interest in their work. So, most of the time, they enjoy gossiping with their colleagues about their week-end spending. The laziness of Monday almost dries up on Tuesday. People become more active and exciting like “glittering star”. They take their job more seriously. The day is pretty good for the businessmen. The week looks more stirring and energetic on Wednesday. It is th...

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