Poverty and Inequality
Measurement of poverty and inequality, Inequality and Growth: inverted-U hypothesis, Human Development Indices, Capabilities approach, Poverty alleviation programmes, Government policies and inequality, Functional impact of poverty: credit and insurance, Nutrition and labour markets, Intra-household bargaining and unequal sharing of poverty: within-household inequality.
Health and Education
Access to health and education, Interrelation between health, education and productivity, Government policies to improve health and education.
The Dual Economy
Structure of dual economy, The Lewis Model, Migration, Harris-Todaromodel, Rural-urban wage gap, Unemployment and surplus labour: wage productivity model, surplus labour and efficiency wage, collusive theory of unemployment
Land and Labour
Land: land rental contracts, forms of tenancy, moral hazard problems and sharecropping, land ownership; Labour: Nutrition, time and causal labour markets, model of nutritional status, Permanent labour markets.
Credit and Insurance
Credit markets: sources of rural credit, theories of informal credit markets, interlinked transactions and enforcement of credit contracts, microfinance: Insurance: perfect insurance model, asymmetric information and insurance markets, enforcement and imperfect insurance; Social security models.
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Bardhan P, Urdy C. (1999) Development Microeconomics. Oxford University Press. New York.
Sen A. (1995) Inequality Reexamined. Oxford University Press. India
Banerjee A, Duflo E. (2011). Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. Random House Publishers. India.