CEA to teach teachers history of Indian economic policy

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CEA

New Delhi: Union Minister for Finance, Defence and Corporate Affairs Arun Jaitley along with Union Minister of Human Resource Development (HRD) Prakash Javedkar will inaugurate a one-week teachers workshop at IIT Delhi on Sunday, 11 June. The Office of the Chief Economic Adviser (CEA), Ministry of Finance, is hosting the workshop for teachers of economics from different universities and colleges across the country is being in collaboration with the Ministry for Human Resource Development (MHRD).

This is the first time that such a workshop is being organised. Arvind Subramanian, CEA, Ministry of Finance, will deliver the lectures during the one-week workshop on various aspects of the Indian economy based on the 3 latest Economic Surveys.

The workshop will work in 3 ways. First, about 165 teachers will physically participate in the programme. Second, the lectures will be telecast live on the official Facebook page of the Ministry of Finance. Third, the lectures will also be recorded and converted into a self-paced Massive Open Online Course (MOOC) and then posted on the SWAYAM platform of MHRD besides being uploaded on YouTube for the wider public.

The course overview and the syllabus outline are at as follows.

Overview

This course will cover the history of Indian economic development and the current progress, challenges and the strategy going forward.  It will cover these themes through the analysis presented in the Economic Surveys of the previous three years (2014-15 to 2016-17). The detailed overview of the syllabus is provided below. This course is suitable for students and teachers of Economics both at the undergraduate and advanced levels as well as policymakers interested in the Indian economy.

Learning outcomes

This course will help in developing an in-depth understanding of the Indian economy- its history, recent developments, and impending challenges. The participants will become proficient in understanding and analysing macroeconomic developments and policy. They will also become familiar with the current dominant thoughts and tools used for economic policy making and research.

Syllabus

1.0 Global and Indian Economic History: The Precocious Development Model
2.0 Economic Outlook, Prospects, and Policy Challenges
3.0 Fiscal Issues: FRBM and Fiscal Policy
4.0 Fiscal Issues: State Finances, Urbanization, the Fourteenth Finance Commission and GST
5.0 Monetary Policy and Inflation Targeting in an Open economy
6.0 Economic Crises and the Twin Balance Sheet Challenge in India
7.0 Subsidies, Bounties, and JAM trinity; Universal Basic Income (UBI)
8.0 State of the Indian States
9.0 Agriculture
10.0 Manufacturing and Services: Development Transition Through a Sectoral Lens
11.0 State Capacity, Fiscal Capacity and Social Sector in India
12.0 Infrastructure: Power, Railways, and Energy
13.1 International Trade
13.2 India’s Internal Integration: Trade and Migration
14.0 Demonetisation; India’s Meta-challenges: Exit and Ideology