Lecture Notes

• What Development Promises – Different People, Different Goals
• Income and Other Goals
• National Development
• How to compare different countries or states?
• Income and other criteria
• Public Facilities
• Sustainability of Development

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• Sectors of Economic Activities
• Comparing the three sectors
• Primary, Secondary and Tertiary Sectors in India
• Division of sectors as organized and unorganized
• Sectors in terms of ownership: Public and Private Sectors

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• Money as a medium of exchange
• Modern forms of Money
• Loan activities of Banks
• Two different Credit situations
• Terms of Credit
• Formal Sector Credit in India
• Self Help Groups for the Poor

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• Production across countries
• Interlinking production across countries
• Foreign Trade and integration of markets
• What is Globalization?
• Factors that have enabled Globalization
• World Trade Organization
• Impact of Globalization in India
• The Struggle for a fair Globalization

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