Subject(s): Fiscal policy -- Project Evaluation -- Classical school, Karl Marx, historical school, neo-classical school, Joseph A. Schumpeter, Keynes, secular stagnation, Harrod-Domar model, Joan Robinson's theory of capital accumulation, Mahalanobis model -- Lewis model of economic development with unlimited supplies of labour, leibenstein's critical minimum effort thesis, Myrdal on economic growth, Rostow's stages of economic growth, production function approach to growth, applicability of economic theory to underdevelopment countries, underdeveloped economy, pre-requisites for economic development, factors inhibiting growth -- Factors in economic development, population and economic development, occupation structure and economic development, capital formation- domestic sources, foreign sources, capital output ratio, unemployment in an underdeveloped economy, balanced and unbalanced growth, theory of Big Push, deficit financing -- Inflation, monetary policy, fiscal policy, human capital formation, role of state in economic development, foreign trade and economic development, planning for economic development, role of public enterprise, resource allocation and economic development, input-output analysis, linear programming, project evaluation, choice of techniques, planning in India