Course Title: Economic Dimension of Development
Course No.: RDS 552
Nature of the Course: Theory Period per Week: 3
Year: First Time per Period: 1 hour
Semester: First Total Period: 48
The overall objective of this course is to impart the knowledge of various economic dimensions of rural development. The concepts, theories and issues of economic aspects have been introduced so as to provide to the students an ample opportunity to gain insight knowledge on economic dimension of rural development. The core aspect of this course is to enable students to know the theoretical concept of economic development so that the knowledge could be applicable to solve the growing problems and issues of economic development from rural perspective.
Course Contents LH
Unit I Introduction to Economic Development 10
1.1 Economic Growth, Economic Progress, and Economic Welfare
1.2 National Development, Regional Development and Local Development
1.3 Local Economic Development: Principle and Goals, Actors and Determinants
1.4 Different Sectors of Local Economy: Primary, Secondary, Tertiary
1.5 Economic Status of Nepal: Comparative Study of Rural and Urban Sector
Unit II: Theories of Economic Growth 17
2.1 Adam Smith: a theory of competitive capitalism and growth
2.2 Ricardo’s theories of diminishing returns and comparative advantage
2.3 Marx’s Analysis of Capitalist Development
2.4 Neoclassical Growth Models
2.5 Lewis Theory of Unlimited Supply of Labour
2.6 Myrdal Theory of Backward Effect
2.7 Balanced vs Unbalanced Theory
Unit III: Major Problems of Rural Development 10
3.4 Comparative Study of the Major Problems in the Different Provinces of Nepal
Unit IV: Economic Indicators of Development 11
4.1 Gross National Product
4.2 National Account
4.3 Income Distribution
4.4 Poverty Index
4.5 Human Development Index
4.6 Quality of Life/Better Life Index
4.7 Basic Concept of Econometrics
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