PAPER – 302
INDUSTRIAL
ECONOMICS
UNIT 1: STRUCTURE -
CONDUCT - PERFORMANCE PARADIGM
The Simple SCP
model/framework with and without feedbacks, 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 Bains, 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 & PERFORMENCE
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
No comments:
Post a Comment