Course Title: Economics and Development

Course Code.: RDS 423                                                                                                 Full Marks: 70

Year: Second                                                                                                             Pass Marks: 28

Paper: III                                                                                                          Teaching Hours: 105

Course Objectives 

  • The overall objective of the course is to offer students with the clear understanding of various thematic areas of development economics so that students will generate the knowledge of various economic dimensions of development.
  • After completing the course, the students are expected to develop the theorizing ideas, skill and knowledge in analyzing and solving the economic problems and issues of development in general and economic structural change in particular.

Contents                                                                                                                     Teaching Hours

Unit-I: Basic Concept of Economics                                                                                                15

1.1  Concept and Meaning of Economics

1.2  Central Economic Problems

1.2.1 Scarcity and Choice

1.2.2 Allocation of Resources

1.2.3 Production Possibility Curve

1.3  Micro and Macro Economics: Meaning, Application and Differences

1.4 Basic Concept of GDP and GNP

1.5 Demand and Supply: Meaning and Law

1.6 Determination of Market Price

Unit-II: Foundation of Economy                                                                                         15

2.1  Economy: Concept, Meaning, Features and Types

2.2 Structure of Economy: Formal and Informal Sectors

2.3  Factors of Production

2.3.1 Land: Meaning and Features

2.3.2 Labour: Meaning, Features, Efficiency of labour, Division of Labour

2.3.3 Capital: Meaning, Features and Capital Formation Process

2.3.4 Organization: Meaning and Features

2.3.5 Technology: Meaning, Features and Application

Unit-III: Agriculture for Development and Food Security                                                           15

3.1 Role of Agriculture in Economic Development

3.2  Theory of Agrarian Change (Easter Boserup)

3.3 Theory of Traditional Agriculture Transformation (Schultz)

3.4 Introduction to Food Security and Nutrition

3.5 Current State of Food Security and Nutrition in the World       

3.6 Current Situation of Food Security and Nutrition in Nepal

Unit-IV: Major Dimensions of Nepalese Economy                                                                        25

4.1 Demographic Dimension: Meaning of Demography, Population Growth, Composition, Distribution and Management.  

4.2 Agricultural Dimension: Meaning, Features, Current Status, Problems/stagnation in agriculture and Measures to Agriculture Transformation

4.3 Industrial Dimension: Meaning, Classification, Current Status, Problems and Measures to Industrial Development

4.4  Infrastructural Dimension: Concept and different Forms (Physical, Social, Institutional and Financial), Role, Problems of Rural Infrastructure

4.5  Service Sector: Concept, Components and Importance 

Unit-5: Contemporary Issues of Nepalese Development                                                               20

5.1 Land Reform: Meaning, Objectives, Problems and Challenges

5.2 Poverty and Inequality: Concept, Dimensions, Types, Causes, Consequences, Current Status and Measures to Poverty Alleviation

5.3 Unemployment: Concept, Types, Causes, Consequences, Status, and Measures

5.4 Migration: Concept, Factors, Types, and Impacts of Migrations

5.5 Remittance: Meaning, Current Status, Types, Utilization Pattern, Importance and Challenges

Unit-6: Financial Institutions and Development in Nepal                                                 15

6.1 Financial Institutions: Concept, Features, Classification and Current Status

6.2       Role of Development and Commercial Bank in Economic Development

6.3  Micro Finance: Concept, Components, Role, Problems and Prospects

6.4  Cooperatives: Concept, Principles, Role, Problems and Prospects

References

Acharya, V. R. (2005). Nepalko Shram Arthashastra. Kathmandu: NEFAS/FES.

Basu, K. (1990), Agrarian Structure and Economic Development, Hardware Economic Publisher.

Bhatta, B.D. (1998). Globalization and its impacts on Nepalese society and culture. In Madan Kumar Dahal (ed.). Impact of Globalization in Nepal. Kathmandu: NEFAS and FES/G.

Bongartz, H. and Dahal, D.R. (1996). Development Studies: Kathmandu: Nepal Foundation for Advanced Studies: Friendrich Ebert Stiftung

CBS, (2011). Brief Result of Poverty Analysis in Nepal – Based on Nepal Living Standards, Survey – II (2060/2061). Kathmandu.

Central Bureau of Statistics (CBS) Population Census Report (latest) 

Dahal, M. K. (2004), Nepalese Economy: Towards Building a Strange Economic National-state Kathmandu: Central Department of Economics and New Hira Books Enterprises.

Dahal, M. K. & Horst, M.(eds.) (1997). Social Economy & National Development. Kathmandu: NEFAS/FES.

FAO, IFAD, UNICEF, WFP and WHO. 2019. The State of Food Security and Nutrition in the World 2019. Safeguarding against economic slowdowns and downturns. Rome, FAO. https://www.unicef.org/media/55921/file/SOFI-2019-full-report.pdf

Himangshu, (2007). ‘Recent Trends in Poverty and Inequality: Some Preliminary Results’, EPW, 10 February.  

Hussi, P. Murphy, J. Linberg, O. & Brennemen, L. (1993). The Development Cooperatives and Other Rural Organizations. Washington DC: World Bank. 

Johnston, B. G., and J. W. Mellor. 1961. The Role of Agriculture in Economic Development. American Economic Review 87(2):566-593.

Kunwar, K.B. (2003). The Himalayan Poverty: Prosperity through Rural Development. Kathmandu: Meena Prakashan.

Mathema, K. R. B. (2008). Economics of Development, New Hira Books Enterprises, Kirtipur.

Ministry of Finance (MoF) Economic Survey (latest).

NPC (2019). Fifteen Fifth Year Plan (2076/77-2080/81), National Planning Commission, Singhadurbar, Kathmandu.

NPC and UNDP (latest) Nepal Human Development Report, Kathmandu: National Planning Commission / United Nations Development Program.

Pattanaik, B.K. (2016). Introduction to Development Studies, Sage Texts B1/1-1 Mohan Cooperative Industrial Area, Mathura Road, New Delhi, 110 044, India.

Regmi, M.C. (2014). Landownership in Nepal, Adroit Publishers, 4675/21, Ganpati Bhawan Ansari Road, Daryaganj, New Delhi-110002.

Sapkota, B.D. (2075). Rural Development: Theories and Approaches, Vidyarthi Pustak Bhandar, Bhotahity, Kathmandu.

Sapkota, B.D. (2075). Rural Economy, Vidyarthi Pustak Bhandar, Bhotahity, Kathmandu.

Shultz, T. (1962). Transforming traditional agriculture. New Haven: Yale University Press

Todaro, M.P & Smith, S.C. (2010). Economic Development (10th edition). Singapore: Pearson Education Pvt. Ltd.

WB, (2011). “Migration and Remittances Fact Book 2010”, World Bank, Washington D.C.

WB, (2005). Agricultural Growth for the Poor: An Agenda for Development. Washington DC: World Bank.

World Development Reports (latest)