Economics of Development and Planning- II

M. A. Second Semester

Econ 558 :  Economics of Development and Planning- II

Credit 3

Teaching Hours: 48

Course Objective:

This course offers opportunities for advanced studies with application perspective on development and planning with special focus on reshaping the economy, and dimensions in development and planning that account for sustained development.

1.        Reshaping the Economy                                                                                        (12 Lectures)

Impacts of liberalization and globalization on growth and equity; Fiscal Federalism in the Refine of Liberalization and Globalization; Implications of Global Trading System on the Developing Countries; Governance and Globalization in the Context of LDCs like Nepal; Safety Nets; Corporate Social Responsibility; Special Economic Zones and its Impacts

2.        Factors Affecting Development                                                                             (16 Lectures)

Financing of Economic Development; Dimensions of Human Resource Development; Natural Resources, Technology and Development; Values, Institutions and Civil Society; Gender and Development; NGOs and the role of Private Sector in Development; Experience, Constraints and Prospects of Development in South Asia; Global Climate Change

3.        Planning System                                                                                                      (13 Lectures)

Planning in Socialist, Capitalist and Mixed Economies; Periodic and Perspective Plans; Local Development Planning; Regional Development Planning; Project Planning Growth Pole and Growth Center in Planning;

4.        Case Studies                                                                                                              (7 Lectures)

Various Case Studies

References

Agrawal, A. (2012), Social and economic impact of SEZ in India, OUP.

Ahluwallia, I.J. & John, W. (Eds.) (2003) The South Asian experience with growth OUP.

Anand, S. & Sen, A. (1995). Gender inequality and human development: Theories and measurement. New

York: Background papers for Human Development Report.

Bagchi, A.K. & D’costa, A.P. (2012). Transformation and development: The political economy of transition in India and China. Oxford.

Bardhan, K. & Klasen, S. (1999). UNDP’s gender related indices: A critical review World Development, 27, 985-1010

Basu, K. (2002). Analytical Development Economics. New York and New Delhi: OUP.

Blakely, E.J. & Bradshaw, T.K. (2003). Planning local economic development: Theory and Practice, (3^rd

ed.), New Delhi: Vistar Publication.

Chandna, R.C. (2004). Regional planning and development. New Delhi; Kalyani Publihers.

Chang, Ha-J. (2003) Globalization, economic development and role of the state. London Zed Books.

Choudhary, A.P. (2010). Inclusive growth and challenge of gender inequality in India. The Indian Economic Journal, Journal of the Indian Economic Association.

Damodaran, A. (2010). Encircling the seamless India, climate change, and the global commons. OUP.

Ghani, E. (Ed.). (2011). Reshaping tomorrow is south Asia ready for the big leap? OUP.

Hayami, Y. & Yoshihisa, G. (2005). Development economics. (3^rd ed.). New York: OUP.

Karna, S.K. (2007). Economic planning theory and practice: Kirtipur: Quest Publication.

Karna, S.K. (1992). A profile of SAARC experiences. The Economic Journal of Nepal, 18 (4).

Kohli, H. (Ed.). (2011). Asian 2050: Realizing the Asian century. SAGE.

Lamy, P. (2006). Globalization and global governance.

Meier, G.M. & Rauch, J.E. (2000). Leading issues in economic development. (8^th ed.) New York: OUP

Nuna, S. (1990). Women and development. New Delhi: National Institute of Educational Planning and Administration.

Potts, D. (2005). Project planning and analysis for development. New Delhi: VIVA Books Private Limited.

17

Rangarajan, C. & Srivastava, D.K. (2011). Federalism and fiscal transfers in India. OUP.

Ray, D. (2003). Development economics. New Delhi: OUP.

Reidar, D. (2004). Development planning. New Delhi: Academic Foundation.

Rustogi, P. (2003). Gender biases and discrimination against women: What do different indicators say?.

New Delhi: UNIFEM.

Smith, G. (2001). Globalization and governance. Annual meeting of the Trilateral commission in London.

Stephen, H. & Rao, M.G. (Eds.) (2013). Federal reform strategies, OUP.

Thirlwall, A. P. (1999). Growht and development. (6^th ed.). Macmillan.

Todaro, M.P. and Smith, S.C. (2013). Economic Development. (10^th ed.) New Delhi: Pearson Education.

The World Bank, Annual World Bank Conference on Development Economics, Various Years.

The World Bank, World Development Reports, Related Issues.

Utting, P. & Clapp J. (2008). Corporate accountability and sustainable development. OUP.

Waltz, K.N. (1999). Globalization and governance. Columbia University.

Statistical Methods Syllabus

M. A. Second Semester

Econ 557: Statistical Methods

Credit 4

Teaching Hours: 64

Course Objective

This course intends to equip the students with some of the statistical tools used in economics and economic analysis.

Unit 1: Probability and Probability Distributions                                                                 16 hours

Review of Probability; Conditional Probability and Baye’s Theorem; Random Variable (Discrete and Continuous); Probability Distribution and Density Functions (Uni-variate and bi-variate); Special Distribution Functions (Uniform, Binomial, Poisson, Hyper-geometric, Normal and log-normal distributions); Relationship between Binomial and Normal Distributions

Unit 2: Sampling Methods and Distributions                                                                         14 Hours

Principle of Sampling; Population vs. Sampling; Probability and Non-probability Sampling, Sampling Techniques and Design; Sampling and Non-sampling Errors; Sampling Distributions of Means and Proportions, Standard Errors; Central Limit Theorem; Determination of Sample Size

Unit 3: Theory of Estimation                                                                                                   10 Hours

Parameter and Statistic; Point and Interval Estimation; Properties of Good Estimators; Estimation Methods (Ordinary Least Squares Method, Maximum Likelihood Method and Method of Moments)

Unit 4: Hypothesis Testing                                                                                                          10 hours

Formulation of Statistical Hypotheses (Null and Alternative); Types of errors (Type I and Type II); Confidence Interval and Level of Significance; Hypothesis Testing (z, t, F and Chi-square Tests)

Unit 5: Correlation and Regression                                                                                            14 hours

Review of Correlation Coefficients ( Simple, Partial and Multiple Correlations); Concept of Least Squares Regression ( Simple and Multiple Regressions); Interpretation of Regression Coefficients; Standard Error of Estimate; Test of Significances of the Regression Coefficients and the Model; Coefficient of Determination; Predictions from Regressing Equations

References

Baltagi B. H. (2008). Econometrics. Fourth Edition, New York, Springer-Verlag Berlin Heidelberg

Chau, Ya-lun (1969). Statistical Analysis. New York: Holt, Rinehart and Winston, Inc.

Cochran William G. (1977). Sampling Techniques, Third Edition, New Work, John Wiley and Sons

Croxton, F.E, D.J. Cowden abd S. Klein (1975). Applied General Statistics, Third edition. New Delhi: Printice-Hall of India P. Ltd.

Hogg, R. and A. Craig (1970). Introduction to Mathematical Statistics, Third edition. New York:

McMillian.

Levin, Richard I. and David S. Rubin (1999). Statistics for management, Seventh edition. New Delhi: Prentice-Hall of India, Private Limited.

Miller I. and M. Miller(2004). John E Fruend’s Mathematical Statistics with Applications, Seventh Edition, New York, Pearson Prentice Hall

Speigel Murry R, J. Schiller and A. Srinivasan (2000). Probability and Statistics. New York.

McGraw-Hill, Schaum’s Outline Series.

Spiegel Murray R. (2002). Statistics, Third edition. New York. McGraw-Hill, Schaum’s Outline Series

2nd Sem – MacroEconomics Syallabus

MA II Semester

Econ 556. Macroeconomics II

Credit 4

Teaching Hours: 64

Course Objective

The objective of this course is to provide advanced knowledge on macroeconomic analysis. Upon the completion of this course, students will be able to understand analytical tools and apply them in formulating and analyzing economic models and theories.

Unit I: Keynesian Open Economy Model
Derivation of Balance of Payment Curve (BP), Policy Effects in Fixed Exchange Rate Regime, Policy Effects in Flexible Exchange Rate Regime (IS, LM and BP Approach).

Unit II: Recent Development in Macroeconomics – 15 Hours

Price and output determination in Monetarism, New Classical Macroeconomics, Real Business Cycle Theory and New Keynesian Macroeconomics,

Unit III: Growth Theories – 15 Hours
Basic Concepts,  Harrod Model,  Domar Model, Solow Model, Kaldor Model and Overview of New Growth Theory

Unit IV: Business Cycles Theories – 8 Hours
Kaldor Model, Samuelson Model and Hicks Model

Unit V: Macro Distribution Theories – 6 Hours
Ricardo, Kalecki and Kaldor Models

Unit VI: Macroeconomic Stabilization – 10 Hours

Concepts, Economic Disturbances, Econometric Models for Policy Making, Lags in the Effects of Monetary and Fiscal Policies, Activist Policy, Rules vs. Discretions

Unit VII: Macro Policies

Structural Adjustment, Market Failure and Government Intervention

REFERENCES

Barro, R.J. & Martin, X.J.(2004). Economic growth. Massachusetts:  MIT Press.

Branson, W.H. (1983). Macroeconomic theories and policy, (2nd ed.). New Delhi: All India Book Seller.

Dornbush,R. & Fischer S. (1987). Macroeconomics, (4th ed.). New York: McGraw Hill Book Company.

Froyen,   R.   T.(2003).     Macroeconomics:    Theories   and    policies,     (7th   ed.).   New   Delhi:

Pearson Education.

Gordon, R.J.(1990). What is new Keynesian economics?. Journal of Economic Literature, XXVII, 1115-1171.

Hicks, J.R.( 1950 ). A contribution to the theory of trade cycle. London: Oxford.

Kaldor, N.A. (1940). Model of trade cycle. The Economic Journal, 50(197),78-92.

Kaldor, N.A. (1957). A Model of economic growth. The Economic Journal, 67(268) ,591-624.

Levacic, R. (1978). Macroeconomics. London: Macmillan.

Ott,D.J., Ott, F.A., & Yoo, J.G. (1975). Macroeconomic theory. Tokyo: Kogakusa, McGraw Hill.

Sen, A.K.(ed.)(1960). Growth economics. Harmondsworth : Penguin Books.

Shapiro, E.(Various editions).Macroeconomic analysis. New Delhi: Galgotia Publication, Pvt.

Ltd.

Note: The instructor(s) may suggest additional references in the class.

Syllabus – Semester I – IV

Tribhuvan University Faculty of Humanities and Social Sciences MA Economics Courses

Semester I

Code	Courses	Credit
551	Micro Economics – I	4
552	Macro Economics – I	4
553	Mathematical Methods	4
554	Economics of Development and Planning – I	3

Semester II

Code No.	Courses	Credit
555	Micro Economics-II	4
556	Macro Economics –II	4
557	Statistical Methods	4
558	Economics of Development and Planning – II	3
Total Credit		15

Semester III

	SEMESTER III
Code No.	Courses	Credit
559	Monetary Economics	3
560	Public Economics – I	3
561	Research Methodology	3
	Optional Courses(Any two: Six credit)
562	Econometrics	3
	Environmental Economics	3
	International Economics	3
564	Economic Demography	3
565 (A)	Managerial Economics	3
	Industrial Economics	3
	Economics of Agricultural	3
	Development
563	History of Economic Thought	3
Total Credit		15

Semester IV

	SEMESTER IV
Code No.	Courses	Credit
565 (B)	Financial Economics	3
566	Public Economics – II	3
567	Nepalese Economics	3
	Optional (9 credit form the following)
570	Thesis writing	6
568	Mathematical Economics	3
	Natural Resource Economics	3
	International Finance and	3
	Economic Cooperation
	Economics of Human Resource	3
569	Development
	Applied Statistics	3
	Economics of Energy	3
	Economics of Tourism	3
	Health Economics	3
	Total Credit	18

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