Syllabus

Course Code: M-ECOE- 017    Course Name: Economics of Infrastructure-I

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1 Scope of Infrastructure
Infrastructure – Physical & Social Infrastructure; Infrastructure as a public good; The peak load, off - load problem; Role of infrastructure in economic development; Issues & policies in financing of infrastructure; Theory of natural monopoly.
Reading List
• Indian Council of Social Science Research (ICSSR). Economics of Infrastructure, Vol – IV. New Delhi.
• National Council of Applied Economic Research (1996). India infrastructure report: policy implications for growth and welfare. New Delhi, NCAER.
• Parikh, K.S. (Ed.). India Development Reports. Oxford University Press, New Delhi.
2 Microeconomic Aspects of Transportation–I
Economics of transportation network growth; Congestion and demand of transport network; Pricing of transport services; Travel time value theories; Elasticity of Substitution, Economies of scale and behavior of transport costs; Transport and economic development.
Reading List
• Button, K. (2010). Transport Economics. Edward Elgar.
• Coto-Millan, P. & Inglada, V. (Eds.). (2007). Essays on Transport Economics. Physica Verlag (Springer).
• Cowie, J. (2009). The Economics of Transport: A Theoretical and Applied Perspective. Routledge.
• Palma, A., Lindsey, R., Quinet, E. & Vickerman, R. (Eds.).(2011). Handbook of Transport Economics. Edward Elgar.
3 Microeconomic Aspects of Transportation–II
Transport externalities; Transport demand; Price elasticity of transport demand; Demand forecasting for urban transport; Trip scheduling in urban transport; Cost-benefit analysis of transport projects; Transport policy and development in a changing environment; Transport regulation; Perfect competition in transport markets; Imperfect competition in transport markets; Transport subsidies.
Reading List
• Button, K. (2010). Transport Economics. Edward Elgar.
• Coto-Millan, P. & Inglada, V. (Eds.). (2007). Essays on Transport Economics. Physica Verlag (Springer).
• Cowie, J. (2009). The Economics of Transport: A Theoretical and Applied Perspective. Routledge.
• Palma, A., Lindsey, R., Quinet, E. & Vickerman, R. (Eds.).(2011). Handbook of Transport Economics. Edward Elgar.
4 Economics of Education
Educational infrastructure and Economic Growth; Educational production functions; Education technology; Educational quality; Costs and efficiency of higher education; Education externalities; Approaches to Educational Planning- Social Demand, Rate of Return and Manpower Balance Approaches; The case for Universal, Free, Primary Education.
Reading List
• Blaug, M. (Ed.). (1968). Economics of Education: selected readings. Penguin Books, England.
• Dustmann, C., Fitzenberger, B. & Machin, S. (2008). The economics of education and training. Springer.
• McMohan, W.W. (2000). Education and Development: Measuring the Social Benefit. Oxford University Press.
• Psacharopoulos, G. (2014). Economics of education: research and studies. Pergamon Press, Elsevier Science Ltd.
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