This is an upgraded course in development economics. The course covers the following topics: the meaning and measurement of economic development, growth theories, poverty and income distribution, the role of geography and institutions, fertility and population growth, the role of credit markets and microfinance, health and nutrition, education, female empowerment.

On successful completion of this course, students will be able to:

1. Demonstrate familiarity with some central themes and issues of economic development.
2. Demonstrate the understanding of the difference between growth and development, major growth theories, the measurement of inequality, significance of agricuture in developing countries, poverty and population issues facing the world, international trade, and importance of foreign aid.
3. Analyze empirical evidence on the patterns of economic development.
4. Read critically the journal literature in the area of economic development

Important Readings

• The Wealth of Nations. By Adam Smith.
• The Strategy of Economic Development. By Albert Hirschman.
• The Theory of Economic Growth. By W Arthur Lewis.
• Redistribution with Growth. By H B Chenery.
• Resources, Values and Development. by Amartya Sen
• Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty   by Abhijit V. Banerjee
• Development as Freedom  by Amartya Sen
• Economic Development by Michael P. Todaro
• Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoğlu
• The Poverty Curtain   by Mahbub ul Haq
•  PAKISTAN: The Economy of an Elitist State Ishrat Husain
• Issues in Pakistan's Economy:A Political Economy Perspective by S. Akbar Zaidi

Assessment Criterion

Mid Term           : 30 marks

Sessional         : 20 marks

Project              : 05 marks

Presentation     : 05marks

Attendance        :05

Genaral Behavior:05

Final Exam: 50 marks

Note: Students should ensure 75% class attendance. Students should have to submit all the tasks and projects given throughout the semester.