Development Economics has gained importance because of sustained interest of the developingcountries in uplifting their economic conditions by restructuring their economies to acquire greater diversity, efficiency and equity in consonance with their priorities. This paper is devoted to the policies and programmes required to empower the people to make development more sustainable and equitable.
The course enables the students to:
* Compare Classical and Keynesian Approaches to Inflation.
*Understand the Phillips Curve.
*Compare the concepts of Monetarism and Fiscalism.
*Develop an understanding about Rational Expectations Hypothesis.
*Develop an understanding about the concept Real Business Cycle Theory.
*Understand Neo Keynesian and Disequilibrium Models.
*Evaluate Post Keynesian Theories.
*Understand the concept and theories of New Keynesian Macro Economics.
*Analyze Insider Outsider Models.