Week # 5-6: Role of Agriculture in Economic development

  • Role of agriculture in development
  • Barriers to agricultural development, and land reform
  • Supply response of agriculture
  • Transforming traditional agriculture
  • Growth of money economy, and finance for traditional agriculture
  • Interdependence and model of complementarity between agriculture and industry
  • Economic development with unlimited supplies of labour
  • Rural-urban migration and urban unemployment
  • Disguised unemployment: types and measurement
  • Incentives and costs of labour transfer
  • Functioning of markets in agrarian societies

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