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IGNOU MEC-104 Code Details
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University
IGNOU (Indira Gandhi National Open University)
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Title
Economics of Growth and Development
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Language(s)
English
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Code
MEC-104
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Subject
Economics
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Degree(s)
MAEC (New)
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Course
Core Courses (CC)
IGNOU MEC-104 English Topics Covered
Block 1 - Introduction to Economic Growth
- Unit 1 - Economic Growth: Concept and Measurement
- Unit 2 - The Harrod-Domar Growth Model
- Unit 3 - The Neoclassical Growth Model-I
- Unit 4 - The Cambridge Growth Model-II
Block 2 - Technology, Productivity and Growth
- Unit 1 - Technical Change and Economic Growth
- Unit 2 - Total Factor Productivity and Growth Accounting
- Unit 3 - Distribution and Growth
- Unit 4 - Development Plan Models
Block 3 - Extension and Critique of Growth Models
- Unit 1 - Growth Models with Optimizing Agents
- Unit 2 - Growth Models under Uncertainty
- Unit 3 - Endogenous Growth Models-I
- Unit 4 - Endogenous Growth Models-II
- Unit 5 - Current Debates in Economic Growth
Block 4 - Development and Underdevelopment-I
- Unit 1 - Development: Human Welfare Approach
- Unit 2 - Development processes and its consequences
- Unit 3 - Labour migration and Labour market
Block 5 - Development and Underdevelopment-II
- Unit 1 - Global Supply Chain
- Unit 2 - Demographical changes and nutrition related issues
- Unit 3 - Behavioural Economics and Development
- Unit 4 - Geography in Economic Development
Block 6 - Human Rights and Development
- Unit 1 - Rights based Approach to Development
- Unit 2 - Gender and Development
- Unit 3 - Democracy and Development
Block 7 - State, Markets and Institutions
- Unit 1 - Role of the State in Development
- Unit 2 - Institutional Evolutions and Reforms
- Unit 3 - Climate Change and Natural Resource Management
Block 8 - Reflection on Development Experience
- Unit 1 - The Chinese Economy
- Unit 2 - East Asian Economics
- Unit 3 - The Brazilian Economy
- Unit 4 - South African Economy
IGNOU MEC-104 (July 2023 - January 2024) Assignment Questions
SECTION A
Answer the following questions in about 700 words each.
1) Examine the effect of population growth in the Solow model of economic growth. Discuss how the Solow model could be used to explain poverty traps in developing nations.
2) Explain why diminishing returns to capital do not take place in the AK model. Discuss the Lucas model of endogenous growth, bringing out the role of human capital
SECTION B
Answer the following questions in about 400 words each.
3) Distinguish between economic growth and development. Briefly mention the main benefits that economic growth confers upon society.
4) Describe Pasinetti's theory of economic growth and distribution.
5) Describe the various approaches to the measurement of total factor productivity.
6) Discuss the impact of income inequality on economic growth
7) Discuss how geographical factors impact economic development.
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