WEST ASIAN ECONOMICS Centre for West Asian Studies JAMIA MILLIA ISLAMIA M. Phil Course for 1st Semester

Center of West Asian Studies
Jamia Millia Islamia, New Delhi – 110025
Course Syllabi for M.Phil Programme
Course Title: WEST ASIAN ECONOMICS
Course Teacher: Javed Ahmad Khan
Instruction Method: Lectures, Seminars and Tutorials
Course Duration: One Semester (about 30 Lectures)
Objective: This course aims to introduce the basic features as well as the emerging economic trends and ideas in West Asia while taking into account the issues related to development and underdevelopments in the region, the impact of the trade liberalization including the main features of India-West Asia economic relations since 1970s.
COURSE CONTENT:
Unit-1 West Asian Economies
1. Main Features of the Economies; Oil & Non-Oil Sectors
2. The Problems of Development and Underdevelopment in West Asia
3. Growing Population, Unemployment and Dependence on Foreign Labors
Unit-2 Oil-based West Asian Economies
1. Hydrocarbon Resources in West Asia
2. The Gulf’s Energy in Global Energy Market
3. Role of OPEC & OAPEC
Unit-3 Oil Revenues and Its Impact On West Asia
1. Remittances, Aids and Tourism
2. Regional Diversification of Funds
3. Foreign Participation in Energy Sector
Unit-4 Regional Economic Integration
1. Economic and Financial Integration: Basic Issues
2. West Asia and Other Regions
3. GCC and Rest of World
Unit-5 India West Asia Economic Linkages Since 1970s
1. Emerging Trends in India-West Asia Economic Relations Since 1990s
2. Energy Cooperation and Investments
3. Role of Indian Expatriates in the Gulf region