Refresher Course on Alternative Economic Theories
Three weeks' Refresher Course in Economics will be organised during 12-9-2011 to 2-10-2011 in the UGC-Academic Staff College, NEHU, Shillong. Applications are invited from college/university teachers on the prescribed application form that can be downloaded from the NEHU website (download). The applications should reach the Director, UGC-Academic Staff College, NEHU, Shillong-793022, twenty (20) days before the date of commencement of the course. Incomplete application forms and late submissions will not be entertained. Teachers from cognate subjects of the listed disciplines are also eligible for admission to these Refresher Courses.
Part time/ad hoc/contract teachers having three years teaching experience are also eligible to attend this UGC-sponsored Refresher Course. The application form should be duly forwarded by the Principal/Head of the institution/Head of the PG Department. Selected applicants must obtain their release orders from their college/university/institution before joining the programme/course.
Selected applicants will be paid TA/DA as per UGC norms. However, for Short-term Courses and Workshops, only local hospitality will be provided.
Barring a few occasional spurts now and then, the 20th Century saw the dominance of neo-classical economics where the market mechanism, assumed to be free and fare, was considered as the solution to almost all the socio-economic problems. However, the condition of free and fare market has been constrained by imperfect information, institutional barriers, etc., that led to the failure of neo-classical arguments. Moreover, there are many economic activities that do not undergo the market process but have significant impacts on the social and economic welfare. Several alternative theories have been developed in recent past and various techniques have been introduced to tackle such issues. In this course, special emphasis will be given to the recent development in the field of evolutionary, institutional and behavioural economic theories, bounded rationality arguments, theories related to the environmental and resource economics and various social issues like economics of health and education.