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

Level: MA

Course objectives

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

3.1 Poverty

3.2 Inequality

3.3 Unemployment

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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World Development Reports (latest)