Table of Contents
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
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