Development Economics (1)

Discipline: Semester at Sea Seminars
Instructor: Ranade
Credits: 3
Day: B
Start: 1550
End: 1710
Field Work: Day 1 - Cochin - 9 March | India Download Syllabus

What is economic growth? What causes it, and what are its effects? What is development, and how is it linked to growth? These are the key questions that will be answered in this course.

The course will apply the theories and experience of economic development and growth to the process of industrialization followed by today’s developed nations, to pinpoint the common factors that coincided with their move to higher levels of income and welfare. With these theories in hand, the course will analyze the special economic and socio-political features of developing countries in Asia, Africa, Latin America and the Middle and Far East. It will classify today’s developing countries into groups and explore what features of domestic policymaking, governance, resource endowments or their cultural or social environments might aid or hamper development and growth. It will also address the problems of poverty, hunger, population growth and the environment.

The field visits to the countries visited will bring students closer to the real world situations and will help in reflecting what they have learned in the classrooms. Students will be evaluated on the midterm exam, reports on the field visits, ability to integrate other global courses they will attend on the ship, attendance and participation, and a final exam.

Field Work

Country: India
Day: 1 - Cochin - 9 March

The field lab will take students to the production and processing sites of spices in rural Kerala. Spices are of historical importance and are also important in the local economy and food. After visiting the spice factory, students will meet with the Center for Public Policy Research (CPPR). The meeting with CPPR will expose the students the current thinking about the issue governance, Millennium Development Goals, and economic growth in India. The field lab will expose students to rural, tropical India and also show students the importance of globalization in economic development. VII. Academic Objectives:

  1. To learn about the modernization and globalization in the ancient spice sector of India.
  2. To learn about the importance of high value crops in economic development.
  3. To learn about the nexus between environment, population and economic growth.
  4. To learn about the problems related to Governance and Impact on Economic Growth India
  5. To learn about the related solutions and importance of global media
  6. To learn about the why Kerala in particular gets high rank in achieving MDG