Syllabus
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Course Code: M-BECOE -040 Course Name: Group - IV Sectoral Economics) - Industrial Economics-I |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Industrial Organization and Theories of the Firm Meaning and scope of industrial economics; Industrial organization and ownership structure – public, private, joint and co-operative sectors; Objectives of the firm; Theories of the firm: Neoclassical theory, Managerial Theories, Coasian firm and transaction cost approach, Strategic and knowledge based theories. Reading List • Bains, J. S. (1996). Industrial Organization. Cheltenham, U. K. • Barthwal, R. R. (1985). Industrial Economics. Wiley Eastern Ltd., New Delhi. • Divine, P. J., Lee, N., Jones, R. M. & Tyson, W.J. (2018). An Introduction to Industrial Economics. Routledge. • Hay, D. & Morris, D. J. (1979). Industrial Economics: Theory and Evidence. Oxford University Press, New Delhi. |
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| 2 | Theories of Industrialization and Industrial Location Theories of Industrialization – Hoffman, Chenery and Gershenkron; Theories of industrial location – Weber, Sargent and August Losch theories, Hotelling’s location model, Salop’s location model; Factors affecting location; Balanced regional development of industries. Reading List • Bains, J. S. (1996). Industrial Organization. Cheltenham, U. K. • Barthwal, R. R. (1985). Industrial Economics. Wiley Eastern Ltd., New Delhi. • Hay, D. & Morris, D. J. (1979). Industrial Economics: Theory and Evidence. Oxford University Press, New Delhi. • Smith, D. M. (1971). Industrial Location: An Economic and Geographic Analysis. John Wiley, New York. • Symeonidis, George (1999). Industrial Economics. University of London Study Guide (SG). |
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| 3 | The Structure-Conduct-Performance Paradigm The structural conduct performance approach; Relationships between structure, conduct & performance; Neoclassical developments of the SCP approach; Sellers concentration and its measurement: the concentration ratio, the Lorenz curve; Product differentiations – its sources and its implications, Entry conditions; Economies of Scale; Market structure and profitability; Market structure and innovation – Process and measurement. Reading List • Barthwal, R. R. (1985). Industrial Economics. Wiley Eastern Ltd., New Delhi. • Divine, P. J., Lee, N., Jones, R. M. & Tyson, W.J. (2018). An Introduction to Industrial Economics. Routledge. • Ferguson, P.R. & Ferguson, G.J. (1994). Industrial Economics: Issues and Perspectives. Palgrave Macmillan, New York. • Kamien, M. T. & Schwartz, N. L. (1982). Market Structure and Innovation. Cambridge University Press, Cambridge. • Lipczynski, J., Wilson, J.O.S. & Goddard, J.A. (2016). Industrial Organisation: Competition, Strategy and Policy. Pearson. |
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| 4 | Industrial Productivity and Efficiency Industrial Productivity – measurement and determinants; Industrial efficiency– concept and measurement; Efficiency conditions in the theory of production: constrained output maximisation, constrained cost minimisation, profit and revenue maximization; Efficiency and decision-making process. Reading List • Bains, J. S. (1996). Industrial Organization. Cheltenham, U. K. • Barthwal, R. R. (1985). Industrial Economics. Wiley Eastern Ltd., New Delhi. • Kamien, M. T. & Schwartz, N. L. (1982). Market Structure and Innovation. Cambridge University Press, Cambridge. • Lipczynski, J., Wilson, J.O.S. & Goddard, J.A. (2016). Industrial Organisation: Competition, Strategy and Policy. Pearson. |
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