Transcript for:
EarthaPoint Course Overview and Development Economics

Hello everyone, welcome to the portal of EarthaPoint which is courses.earthapoint.com learn and here on this portal beta you can go ahead and have a look at various categories of courses which is IIT, JAMS, CUIT, MA Economics, DEPR, DU semester courses and whatnot. If you click on DU semester courses you will be able to see the various courses on the portal. which are available to you.

A lot of these courses are an initiative of Vartha Point, which means that we are not charging any fees, beta. This is only the portal fees in which you have introductory mathematical methods for economics, introductory microeconomics, introductory statistics for economics. Then you have intermediate microeconomics, semester three, intermediate microeconomics, macroeconomics.

This is a paid course. Only this is for 5000. So you can clearly see that in the paid course, if you click, you will also go ahead and get access to various assignments and you will get access to various other concepts also. So you see here you also have additional lecture, you have notes, you have assignments. Everything is part of the paid course for all the subjects.

You can see past year papers being solved. You can see past year papers being solved and important numericals being discussed in the paid course. So this is a paid course, which is for macroeconomics. But if you go ahead and if you look into the other courses of the economic semester, they are available for no fees.

This is only the portal fees that we are charging. Similarly, if you go ahead and you look into the fifth semester, game theory is a paid course in which we are solving various problem sets also. But other than game theory, other courses like economic growth and business cycle. like introductory development economics, these are all the initiative, only portal fees is being charged.

And if you go ahead and you look into this introductory development economics, you can see that I have gone ahead and I have covered a lot of the course. Even though it is an initiative, you can see that unit one is completely covered. You can see that unit two is covered and you can see that unit four is also completely covered.

In Unit 3 also, we have covered one chapter. So this is the link to our portal. You can go ahead, you can have a look at the various courses.

Similarly, if you go ahead and you have a look at the IIT Jam courses, here you will be able to see the different mock test series for IIT Jam that has been launched. At the same time, you will be able to also see the question bank for CUT, which has been now launched. And you will be able to see the different other courses also. Right.

These are only a few of the courses. We do provide more courses also. These are the courses which you can directly access.

But if you want a full-fledged course on IIT Jam or a full-fledged course on MA Economics Entrance or a full-fledged course on Indian Economic Service, you can always contact Rohit sir and he will go ahead and he will talk about. the different courses that we have. So I just wanted to quickly show you the portal of Eartha Point and all of you can go to this portal and you can have a look at different courses.

Okay beta, thank you. Today we will go ahead and we will look at the important questions from unit 2 plus unit 3 of development economics. All important questions from Unit 2 plus Unit 3 for Development of Dynamics.

But first of all, Unit 3 is very, very simple. The type of questions that can be asked. They can simply go and ask you any growth model. So they can ask you what is a linear growth model, right?

They can ask you Rostow. They can ask you Haridomar. I have covered Harrod-Domer model.

I think in only 10-15 minutes, the entire model can be done. So, just have a look at that. Then they can ask you Lewis model.

This is also very important from the point of view of exam. So, do this very very well. These two are very important.

So, this is one type of questions that can be asked in exam in which they ask you different kind of models. The next thing that can be asked in exam, that is basically the type of different revolutions. So, for example, what is?

International dependence revolution. Usually, what they will do is they will give you some statements. And they will say justify, elaborate. There are many such questions. They give you a statement, they ask you to justify the statement, elaborate the statement.

So, you need to do that. Here they can ask you what is... False paradigm model.

Okay. Again, you have to do this in detail. This is important from exam point of view. Again, I have made a detailed video on this. What is false paradigm model?

What is dualistic development theory? Please go ahead and do this from the video lectures. Detailed answer is. present in the video lecture.

Now they can also go ahead and they can also give you some statements. So what kind of statements can come? So for example, if I give you a statement like this that each of the approaches in understanding development as both pros and cons.

Discuss your statement idea. And then I say discuss the contribution of different theories, the different classical theories. In explaining development process.

So, this type of question can also come in the exam. In which you have to go ahead and compare all the theories. And in this, what you can do is, you can refer to section 3.6 of the book. What has been done in this is that whatever theories we have studied, it has gone ahead and it has compiled the pros and cons of those theories.

So you can just go ahead and do this. Okay. Then one more thing which I have done and again you can refer to the lecture notes that I have done.

What is neoclassical? Counter-revolution. Okay. In this, again, they can give you statements. Like, how did...

You can ask something like this. Difference. How did the international dependence revolution differ from the neoclassical counter-revolution?

So, dear, I have explained you in detail. We have made a video on this as well. This also I have explained you in detail.

There is a video lecture on this as well. So, you can just go ahead and read those two video lectures. 10-15 minutes each.

And just write the answer. First you will explain that, then you will explain this one. Okay. One last thing which I think may not come in DevEco for EcoHonor student, but it can come for EcoMajor and Minor, that is Solo Model. Why I am saying so is, chances kyun come hai?

Because for EcoHonor student, Solo Model is a very big topic in economic growth. So, if they ask about growth, then maybe they may not ask in this development economics. But for other students, who are our eco-major, eco-minor students, BA program, for them, yes, solo model can be definitely asked in exam.

And you have to do this well. Okay. After this, let's talk about the next chapter, next unit, unit number 3. So first question from unit 3 is very simple.

So basically, on the model of NERC, they can go ahead and write this. They can write this. They can write this.

He Ragnar Nergse explores how low living standard and insufficient Savings create a cycle that impedes economic growth elaborate basically you have to go ahead and write that so what they can do is they can give you any statement from the book or a summary from the book we feel that you know Nergse said this Then they will ask you elaborate on it. Explain that. Okay. Means you have to go ahead and explain the whole chapter. Okay.

Anything. I have just given you one kind of statement. Okay. There could have been some other statement.

Like I can go ahead and I can tell you that. NERC say. Suppose I tell you NERC say delves into the dynamics. between income level, saving and capital formation and how they interplay in economic development.

It means you have to give the role of income saving and capital formation. You have to explain the role of these three things in accordance with what NERC says. You have to explain this in comparison to what they have said. So if you go to this book, it talks about a new theory of savings. and consumption and how growing awareness came related to advanced living standards, right?

And how, you know, savings have a role to play. They talked about effects on the propensity to save. So that part, how savings have a role to play and how international relations also have a role to play.

What role does international relation have? That too you have to go ahead and you have to explain. So it is said, effects on the balance of payment. and then how government has a role to play so all of that this chapter's summary you have to go ahead and write that in the answer for every chapter you should be aware of the summary that should be enough so this was your first question from NIRPSE reading second question it will be from linkages in economic development so linkages in economic development is a very simple question what are backward and forward linkages. How do they play a role in industrialization and economic development?

Simple. Third, what are consumption linkages? How can fiscal linkage play a role in economic development?

These are all questions. We have done this in detail. I have explained separately what is backward and forward linkage.

I have explained separately what is consumption linkage. I have explained separately what is fiscal linkage. So, you need to go ahead and you need to do this very very well. Okay.

Then, what is staple thesis? How are they? How are...

they linked to how are they linked to linkage constellations ticket and how do these linkages how do the linkages defined by Archman play a role in development of a society. How is linkage related to society? Elaborate.

Okay, let's go to the last chapter, which is from Amityava Krishnendhat, Pathways to Economic Development. It has a very simple question, what are the strategies that can be followed for economic development? What are the strategies that can be followed for economic development? In this, they can also go ahead and ask you, in 5-5 marks, Discuss the debate between You can write anything here. Between dash in the process of development.

So when they say discuss the debate between So, whatever debates we have read, all of them are in the video lecture. State versus market. This is one debate. Then you have debate between micro versus macro. Then you have a debate between primary sector versus the secondary sector.

Then you have a debate between autarky versus openness. We have read a lot of debates like this. So, they can go ahead and ask you any of the debate.

So, again these are separate video lectures, beta. And you have to go ahead and you have to do these video lectures. Har video lecture aapko ek debate ke liye. For one of the comparison. It is preparing you for one of the comparisons.

Okay. So, just do those debates well. Okay.

So, these are important questions from unit 2 and unit 3. Okay, beta. Thank you.