STUDENT FEEDBACK REPORT (MID COURSE)

STUDENT FEEDBACK REPORT (AFTER COURSE ENDs)

Full Marks: 50

1. Introductory Growth Models

(Review Question & Answer)

Harrod Model of Growth(Notes 1, Notes 1.2 (SS) , Notes 1.3 (Upload date 03/03/2020) ,(Reading 1)– Domar Model of Growth (Reading 2)– Comparison of Harrod and Domar Growth Models –Harrod-Domar Growth Model (Reading 3)

Homework 1 (Date over)

Homework 1 , Marks

Solution - Homework 1 - Latest (18/02/2020)

2. Exogenous Growth Model

Solow Model – Absolute and Conditional Convergence – Steady State – Golden Rule of Capital Accumulation – Transition of the Golden Rule Steady State. ( Added part in Syllabus by ME )- Constant Population growth and its impact on Steady State, Growth Accounting and Solow Residual , Introducing Constant Technological Progress in the Solow Model , Measuring Growth of Endogenous variables at Steady State)

Reading : (Economic Growth 1 ) , (Economic Growth 2 )

Homework 2 (Date Over)

Homework 3 - Watch Movie - The Pursuit of Happyness and Forrest Gump - Presentation on 12 March 2020 or you can choose to do question of Page no. 29, 30 from Economic growth 1 reading - Submission date 12th March

Class task 1 (20/02/2020)

Lecture 0 - Background for Solow Model - Homogeneous function, Neo Classical Production function, Production Concept in short and long run, Concave and Convex function, Growth in discrete and continuous time, Growth accounting - Done in class, Check additional topic

Lecture 1 - Solow Model - Development of model, defining Steady State Condition

Lecture 2 - Review of Solow Model, derivation of capital growth condition, Cobb Douglas numerical for checking properties and Steady state condition. Then we look at the case where; for same technological frontier , same saving rate, no population growth and no technological progress, country having lower depreciation rate has higher level of capital per worker at steady state.

Lecture 3-Assuming no Population Growth, no Technical Progress we will look at the impact of Change in Saving on Steady State.

Lecture 4 - we will look at the Golden rule of capital accumulation,

Difference b/w Demand side and Supply side Growth theory

Lecture 5 - The transition towards the Golden rule steady state,

then we introduce population growth and its impact on steady state.

Lecture 6 - Cobb douglas satisfy Neo classical properties and Review of Solow Model till lecture 5

We introduce technological progress in the Solow model

Lecture 7 - Review (Second time) of Solow Model till saving effect, Change in Saving redone, Math Review for Solow model

Lecture 8 - Solow model with Population gowth and sub parts

Lecture 9 - Existence and uniqueness of equilibrium in Solow Model, Discussion on Absolute convergence and Conditional convergence in the Solow model.

Additional Topic : Note on growth and growth accounting (CLASS NOTES) , The Neo Classical Production function , Homogeneous and Homothetic function,

3. Endogenous Growth Model

Basic AK Model - Lecture notes

Short Notes of AK Model

Class task - AK Model

Introduction to Endogenous Growth Theory (19/04/2020)

4. Trade and Development

Trade as an engine of growth – Terms of trade and economic development (Prebisch – Singer

Thesis) – Imports substitution Vs export promotion.

Lecture1 - Trade as an engine of Growth - Different views (Notes)

Video output -

1. Trade As An Engine Of Growth Part 1, Video Lecture(17/04/2020)

2. Trade as an Engine of growth Part-1, Lecture overview (18/04/2020)

3. Trade as an Engine of growth Part-2

Lecture 2 - Prebisch Singer Thesis - Reading

Prebisch Singer Thesis Class Notes

Video output

1. Prebisch Singer Hypothesis

2. Prebisch Singer hypothesis Live class session

3. In short, Prebisch Singer hypothesis

Lecture 3 - Imports substitution Vs export promotion (20/05/2020)

Link to Solve Problem

https://www.mathway.com/Calculus

References:

1. Barro, Robert and Xavier Sala-i-Martin: Economic Growth. (MIT Press)

2. David N Weil: Economic Growth (Prentice Hall)

3. Todaro and Smith: Economic Development (Pearson Education):

4. Thirwall A.P: Growth and Development (Palgrave McMillan):

5. Felix Raj: Contemporary Development Economics: From Adam Smith to Amartya Sen

Additional Reading

1. Solow's Harrod: Transforming macroeconomic dynamics into a model of long-run growth by Verena Halsmayer & Kevin D. Hoover,

The European Journal of the History of Economic Thought Volume 23, 2016 - Issue 4.

NOTICE -

Notice : Makeup Internal Exam date online date is 22nd April, 2020 Wednesday from 11 to 1 pm. Exam copy Submission time 1.30 pm for evaluation. Keep the hard copy with yourself, provide me when college will open. Keep paper ready for exam for specific sign, it will be provided to you people 15 min before the exam start.

MAKEUP EXAM QUESTION PAPER - Available DATE 22/04/2020

First Internal Exam Question Paper (07/03/2020)

(30/03/2020) Those who are writing makeup exam make sure they have A4 SIZE 5 PAPER, Join the live session for coding mark in each sheet, live session start 10.40 finish at 10.50. Those who are giving exam marks their present too either here or in live session. Format will be send here also before 11 am. Answer sheet must be kept properly, and pdf has to be send before 1.30 pm. Those who can't send the file or don't have A4 Size pages are requested to drop this makeup exam, it's not important. It is a request to follow govt. order and not meet much people, so you people can give final internal exam.

Previous Notice

(24/03/2020) - Please don't write internal exam and sent me, you can practice as much as you want. I expect all of you to be honest and give make up exam on 5th April from 11 am to 1 pm, close book from your home. Submit it by 1.30 pm on 5th April. If anyone write before or open book they will be cheating themself, I expect all to maintain high moral ground during examination. Also, there will be final internal that reflect the true preparation too, so I have my own check and balance mechanism.

For exam - use A4 size paper. Number each page, write your name, course code and course name properly. Any mistake even in course name paper will not be check, as I remember some of you don't know the course name properly.

Also those who have not presented movies are required to do page number 29 and 30 economic growth 1, they are already late. Submit it by 27 March (extended to 02/04/2020) by 1 pm).

manjushree, mau, sangeeta, asha, danish, Rohan, gaurav, pranati, sania, Pushpa and Smritikona has to do this task.

Homework 4 - Post Date - 29/02/2020, Submission date - 02/04/2020 , Homework 4 Submission date is 2nd April in PDF, also first internal make up exam submission date is 5th April. For any doubt for homework 4, you people can send me pdf of your written notes for check up. You people can call me between 11 am to 1 pm anyday for correction related issue. In case of internal makeup optional examination evaluation criteria will be 8 × 5 = 40, no incentive marking, zero marks for not answering properly or wrong answer, submission time 1 pm on 05/04/2020, it's optional exam.

This is to inform all concerned that incompliance with the press release of Hob'ble Cheif Minister, Government of West Bengal the college will remain closed from 16.03.2020 to 31.03.2020 in public interest as precautionary measure to prevent the spread of dreadful Novel Corona Virus (COVID-19). Both the hostels will also remain closed for the said period the College and Hostel will re-open on and from 01.04.2020.

Presentation date 14/03/2020, detail mention in telegram group

Homework 2 submission date, Monday 02/03/2020. Homework 3 Presentation date 12th March, First Internal exam 7th March

List of students with negative Marks - Sania, Puspa,, Smritikona, Roshan, Gaurav, Danish and Asha. This is compile base on home work 1 and class task.

You people can download lecture 7, for change in saving effect I have done a clear demonstration in Danish note book click here to get it with my analysis

Class task (Writing and presentation both, submission Thursday - 20/02/2020 indoor/outdoor, It can be extended also but only for presentation )- 1. Solow model introduction, 2. Supply side, demand side and equilibrium aspect. , 3. Growth of capital stock per worker and the motion aspect in the solow model. 4. Steady state with no population growth and no technological progress 5. Then show the growth of endogenous variable at steady state. 6. Golden rule of capital stock and its interpretation of condition. 7. Lastly, saving effect in the solow model. Why it only leads to short run growth. What can we say about endogenous variable without population growth and no technological progress.

18/02/2020 - Please Check Note 1 of Harrod model for end correction. The analysis of imbalance will be done in some future date in details.

18/02/2020 - In lecture 4 and 5 of solow model read my comment in the notes to get better view. All are expected to do class task properly and in time. Preliminary marks for Homework 1 is provided in the telegram group. Please come and check your work by Thursday, before its published here as final score.