Pre-Requisite(s): For PhD Students of Economics: The students should have basic understating of Economics, Mathematics and Statistics. Since it requires the application of Mathematical and Statistical models, the students should have Mathematics and/or Statistics as one of their subjects at Masters level in addition to their core subject, i.e. Economics.

For B.Tech Students, the basic knowledge of one of the following courses is required:
(i) International Business (HS2L001), (ii). Introduction to Economics (HS2L003), (iii). Managerial Economics (HS3L003)

Economic Development: Income Distribution in Developing Economies. Different Faces of Underdevelopment. Issue of Economic Growth: Harrod- Domar Model and Other consideration beyond Harrod-Domar model, contribution of Arrow, Lucas and Romar. Technical Progress, Efficiency and Productivity, Poverty and Under nutrition: First Principle of Poverty and Functional Impact of Poverty. Rural-Urban Interaction: Fundamental Resource Curse and Rural-Urban Migration, Economic Inequality: Measurement and criteria for Inequality, Standard Deviation of Logarithmic, Lorenz Curve, Theil Index and Gini Coefficient, Measurement Issue of Convergence, Economic Inequality and s Convergence, Inequality and Development interconnections.

Reference Books:

• Revolutions in Development Inquiry: By: Chambers, R Published by : Earthscan, 2008
• An Uncertain Glory: India and its Contradictions: By: Dréze, J. & Sen A.Published by : Allen Lane, 2013
• Development Economics By : Ray, D Published by : Oxford University Press, 1999
• Poor Economics: Rethinking Poverty & the Ways to End it: By Duflo, A. V., Published by : Random House India, 2011
• Economic Growth: By: Sala-i-Martin, R. J.: Published by: MIT Press, 2003
• On Economic Inequality: By Sen, A. Published by: Oxford University Press, 1998