BUSINESS ECONOMICS 2nd SYLLABUS

PAPER – 302

INDUSTRIAL ECONOMICS

UNIT 1: STRUCTURE - CONDUCT - PERFORMANCE PARADIGM

The Simple SCP model / framework without feedbacks, its critique and modified framework with feedback.

Ref: Stephen Martin- Advanced Industrial Economics, pp. 1-11

Stephen Martin- Industrial Economics, pp. 1-12

Fergusen and Fergusen- Industrial Economics, pp. 13-18

Giles Burgess, Industrial Organisation. pp. 32-33

UNIT 2: MARKET CONCENTRATION

Definition of the market, nature and measurement of market concentration, indices of concentration, inequality measures, Theories of measurement: deterministic and stochastic approach.

Ref: Stephen Martin- Industrial Economics, pp. 9-19, (Entropy Index omitted) 28-37

Giles Burgess, Industrial Organisation. pp. 77-80, 94-96.

UNIT 3: BARRIERS TO ENTRY

Concepts of Barriers to Entry by Bain, Demstez and Stigler, Sources of Barriers to Entry, Limit Pricing Theory, Strategic Entry deterrence and Contestable markets.

Ref: Stephen Martin- Advanced Industrial Economics, pp. 71-142

Giles Burgess, Industrial Organisation. pp. 31-32

UNIT 4: TECHNICAL PROGRESS & PERFORMENCE

Economics of Research, Market structure and incentive to invent, Market structure and innovation.

Ref: Stephen Martin- Advanced Industrial Economics, pp. 143-157

UNIT 5: VERTICAL INTEGRATION

Nature and extent of vertical integration, theories of vertical integration, monopolistic motives for vertical integration

Ref: Stephen Martin- Advanced Industrial Economics, pp. 172-192

UNIT 6: CONGLOMERATE DIVERSIFICATION

Concepts, measures, determinants and consequences of diversification

Ref: Stephen Martin- Advanced Industrial Economics, pp. 196-199, 206-212, 215-219.

UNIT 7: MERGERS

Concept of merger, different types of mergers, Public Policy relating to horizontal mergers: critique of Williamson and Libenstein’s approach.

Ref: Stephen Martin- Advanced Industrial Economics, pp. 265-269

Main Reading

1. Industrial Economics by Stephen Martin. It is supplemented by following

Supplementary Readings

1 Fergusen and Fergusen. Industrial Economics.

2 Giles Burgess, Industrial Organisation.

3 Stephen Martin, Advanced Industrial Economics.

BUSINESS ECO SYLLABUS 3rd (Growth and Development

Semester VI
B. A. (Hons.) Business Economics
Optinal Group E: Paper xviii

ECONOMIC GROWTH AND POLICY

UNIT 1: ECONOMIC DEVELOPMENT- DEFINITIONS AND CONCEPTS
•A Very Short Introduction (AVSI), Characteristics of Development pp 1-29
•Development Economics, Chapter-2
•Economic Development, Michael. P. Todaro, Chapter 1 and 2

UNIT 2: GROWTH MODELS
•DE, Chapter-3 Economic Growth, Section-3.3.1(pp 51-56) and
Section 3.5 (pp 74-84).
•DE, Chapter 10, pp 353-371 (LEWIS MODEL)
•Introduction to Economic Growth pp20-53 (THE BASIC SOLOW MODEL)
Note- Solow Model shall be covered before Convergence (Section 3.5)

UNIT 3: HUMAN CAPITAL- EDUCATION, INTELLECTUAL CAPITAL & POVERTY.
•Meier pp 450-459 (Education investment in Human Capital)
•Michael P Todaro , Economic Development, Chapter 9 (Human Capital : Education
& Health n Economic Development)

UNIT 4: TECHNOLOGICAL PROGRESS
•Introduction to Economic Growth Chapter 4 & Chapter 5 (up till Page 110)
•Development Economics, Chapter 4 , Section 4.4.4 & 4.4.5
•Growth and Development, A.P Thirwall Chapter 14 (up till page 499) also included are pp 525 -536
•Meier, Section VIII, pp 381-405 (International Trade and International Inequality)

UNIT 5: STATE AND THE MARKET
•F Hayami , Chapter-8 (up till page 212) and also included are pp 233-239

References:
•Debraj Ray, Development Economics, DE, Princeton University Press 1998
•Charles Jones, Introduction to Economic Growth, Second Edition
•Partha Dasgupta, Economics: A Very Short Introduction, Oxford University Press,
2007
•Meier, Leading Issues in Economic Development, 5th edition
•Michael.P.Todaro, Economic Development,8th edition.
•F Hayami, Economics (as per the previous syllabus)
61
•A.P Thirwall, Growth and Development ,7th edition