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Unit 4- Understanding Economic Development (Economics)

Chapter 1- Development
Chapter 2- Sectors of the Indian Economy
Chapter 3- Money and Credit
Chapter 4- Globalisation and the Indian Economy
Chapter 5- Consumer Rights

Complete Course Structure (All the Chapters have to be studied)

  1. Development:

The traditional notion of development; National Income and Per capita Income. Growth of National Income – critical appraisal of existing development indicators (PCI, IMR, SR and other income and health indicators) The need for health and educational development; Human Development Indicators (in simple and brief as a holistic measure of  development.

  1. Sectors of the Indian Economy:

Sectors of Economic Activities; Historical change in sectors; Rising importance of tertiary sector; Employment Generation; Division of Sectors- Organised and Unorganised; Protective measures for unorganised sector workers.

  1. Money and Credit:

Role of money in an economy: Formal and Informal  financial institutions for Savings and Credit – General Introduction; Select one formal institution such as a nationalized commercial bank and a few informal institutions; Local money lenders, landlords, chit funds and private finance companies. (Note: Ch-3 will also be evaluated in theory)

  1. Globalisation and the Indian Economy:

Production across countries, Foreign trade and Interaction of Markets, what is Globalization? Factors, WTO, Impact, Fair Globalization

  1. Consumer Rights:

How consumer is exploited (one or two simple case studies) factors causing exploitation of consumers; Rise of consumer awareness; how a consumer should be in a market; role of government in consumer protection.

Unit 1- India and the Contemporary World – II (History)

Unit 2- Contemporary India – II (Geography)

Unit 3- Democratic Politics – II (Political Science)