This is specifically created to enable students to give their backlog examination in this subject at the Semester End Examination of Semester III of Academic Year 2010-21.
This is specifically created to conduct the backlog examination for the Academic Year 20-21 Semester III.
Economic growth is the increase in goods & Services produced by an economy or nation, considered for a specific period of time. The rise in the country’s output of goods and services is steady and constant and may be caused by an improvement in the quality of education, improvements in technology or in any way if there is a value addition in goods and services which is produced by every sector of the economy.
It can be measured as a percentage increase in real gross domestic product. Where a gross domestic product (GDP) is adjusted by inflation. GDP is the market value of final goods & services which is produced in an economy or nation.
Economic Development is the process focusing on both qualitative and quantitative growth of the economy. It measures all the aspects which include people in a country become wealthier, healthier, better educated, and have greater access to good quality housing. Economic Development can create more opportunities in the sectors of education, healthcare, employment and the conservation of the environment. It indicates an increase in the per capita income of every citizen. The standard of living includes various things like safe drinking water, improve sanitation systems, medical facilities, the spread of primary education to improve literacy rate, eradication of poverty, balanced transport networks, increase in employment opportunities etc. Quality of living standard is the major indicator of economic development. Therefore, an increase in economic development is more necessary for an economy to achieve the status of a Developed Nation.This course explains all growth and development related theories. Measurement of growth as well as development.
This Course gives a theoretical perspective about the Macro Economic structure Economy of India. It elaborates in details about macro economic indicators such as National Income, consumption, savings, aggregate demand, investments and so on and their interactions. It enables the students to learn the impacts of Fiscal and Monetary policies on these macro aggregates.