Economy and Society (Theory)

Paper Code: 
24GSOC401
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The course will enable the students to examine how economic life is intertwined with social life thereby providing a theoretical foundation for engaging in critical discussions about future of our societies. 

12.00
Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

24GSOC401

 

Economy and Society

(Theory)

 

CO7: Examine the concept andf types of economic systems
CO8: Assess the sociological aspects of economic phenomenon and processes

CO9: Analyze the socially embedded character of  domestic modes of production and  peasant economy

CO10: Distinguish between Capitalism and Socialism

CO11:  Analyze the current transformation of economy in view of globalization and economic reforms

CO12:  Contribute effectively in course specific interaction

 

Approach in teaching: Interactive Lectures, Discussion, Tutorials

 

 

Learning activities for the students: Reading assignments, Self- learning assignments, Effective questions, , Seminar presentation.

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation

 

Unit I: 
Introduction to Economic Sociology
  • Economic Sociology: Meaning, Features ,Types
  • Development of New Economic Sociology with reference to Post-Industrial Society

 

12.00
Unit II: 
Sociological Aspects of Economic Phenomenon
  • Sociological Aspects of Economic Aspects: Characteristics ; Formalism and Substantivism
  • Types of Economic Processes:Production,Distribution and Consumption
12.00
Unit III: 
Modes of Production
  • Domestic Modes of Production: Concept , Characteristics
  • Peasant Economy: Concept , Characteristics, Peasant Structure in India

 

12.00
Unit IV: 
Types of Economic System
  • Capitalism: Concept , Features
  • Socialism: Concept, Features
  • Indian debate on mixed economy

 

 

 

12.00
Unit V: 
Contemporary Trends in Development
  • Liberalization, Privatisation and Globalisation: Concept, Features and Consequences
  • Sustainable Development: Features and Strategies

 

Essential Readings: 
  • Mauss.M. 2016. “The Gift” Translated by Jane I.Guyer, HAUBooks, Chicago
  • Wilk,  R.  and  L.  Cliggett.  2007.  ‘Economies  and  Cultures: Foundations of Economic Anthropology. Chapter 1 pp. 1-14
  • Polanyi, K. 1958. “ Economy as an Instituted Process” in M. Grammotter and R. Swedberg (eds.) 1992 The Sociology of EconomicLife Boulder Colarado, West View Press. pp. 27-50
  • Smelser, Neil 2013 The Sociology of Economic Life Quid Pro Books (2nd Edition). New Orleans, Louisiana University Press

 

References: 

Suggested Readings:

 

  • Sahlins, M-1974 Stone Age Economics. London, Tavistock, Chapter 2-3
  • Wolf, Eric 1966 Peasants. New Jersey Prentice Hall, Chapter-1
  • Swedberg, R 2003 The Economic Sociology of Capitalism: AnIntroduction and An Agenda, Cornell University
  • Verdery, Kathrine 1996 „What was Socialism, And what ComesNext?” Princeton N.J. Princeton University. Press. Chapter-1, pp. 19-38
  • Ritzer 2004 The McDonaldisation of Society. Pine Forge press Chapter- Introduction, 1,2.
  • Howes, David (ed) 1996 Cross Cultural Consumption: global Markets and Local Realities. London: Routledge, pp. 1-16

Hulme, David and mark M. Turner Sociology and Development: Theories, Policies and Practices, Prentice Hall Chapter-3 pp. 33-67

 

e-Resources:

 

 

Academic Session: 
2024-25
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