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| | Focus Area | Key Concepts Covered | | :--- | :--- | :--- | | I | Foundations of Development Economics | Economic Growth vs. Development; Measurement of Development (PQLI, HDI); Characteristics of Developing Nations. | | II | Classical & Modern Growth Theories | Harrod-Domar Model; Solow’s Neoclassical Model; Lewis Model of Unlimited Supply of Labour; Rostow’s Stages of Growth. | | III | Structural Issues | Physical Capital Accumulation; Entrepreneurship (Schumpeter’s Model); Technology and Development. | | IV | Poverty, Inequality & Environment | Measurement of Poverty and Income Inequality; Sustainable Development; Environmental Degradation. | | V | International Dimensions | Trade vs. Development; Import Substitution vs. Export Promotion; Foreign Aid and Debt; Multilateral Trade (WTO). | development economics hl ahuja pdf verified
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: Master the plotting of the saving function, depreciation/population growth line, and production function to identify the steady-state capital stock ( k*k raised to the * power | | IV | Poverty, Inequality & Environment
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