Semester - III
PAPER – 302
INDUSTRIAL ECONOMICS
UNIT 1: STRUCTURE - CONDUCT - PERFORMANCE PARADIGM
The Simple SCP model/framework with and without feedback, its critique and modified framework with feedback.
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.
UNIT 3: BARRIERS TO ENTRY
Concepts to Barriers to Entry by Bain, Stigler. Sources to Barriers to Entry, Limit Pricing Theory, Strategic Entry deterrence, Contestable markets.
UNIT 4: VERTICAL INTEGRATION CONGLOMERATE DIVERSIFICATION & MERGERS
Conglomerate Diversification: Concepts, measures, determinants and consequences of diversification, Mergers, FDI
Vertical Integration: Nature and extent of vertical integration, theories of vertical integration, monopolistic motives for integration
UNIT 5: TECHNICAL PROGRESS & PERFORMANCE
Economics of Research, Market structure and incentive to invent, Concepts by Arrow,
Demsetz, Schumpeter.
Concepts of Profit margins, Productivity and Technical efficiency
Main Reading
1. Industrial Economics by Roger Clarke
Supplementary Readings
1 Stephen Martin, Industrial Economics.
2 Fergusen and Fergusen. Industrial Economics.
3 Giles Burgess, Industrial Organisation.
4 Stephen Martin, Advanced Industrial Economics
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