4.0

credits

Average Course Rating

The main aim of this course is to familiarize students with India’s economy. We will discuss some of the principal themes in the India’s economic development, its integration in the world economy, the political economy of reforms and growth, as well as India’s institutional development. By the end of the course, students should be able think critically about Indian economic developments and related policy issues. We will begin by assessing India’s economic evolution in her post-independence years, placing particular emphasis on the market oriented reforms undertaken in recent decades. Topics in both microeconomics (domestic de-regulation, trade reform, sectoral shifts from agriculture to industry and services, education and health) and macroeconomics (deficits, debt and crises, the exchange rate, inflation and monetary policy) will be covered. In addition, we will discuss the structure of Indian economic and political institutions and their impact on economic performance. We will focus on both conceptual issues in economics and their application in the Indian setting; this course is intended for students interested in the Indian economy as well as those interested, more broadly, in the economic issues that arise in developing countries with diversified economies and a complex political economy. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>