Bachelor of Arts (B.A.) Industrial and Labour Economics I Syllabus - Mumbai University 2026
Syllabus for Industrial and Labour Economics - I
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Module 1: Introduction to Industrial Economics (15 Hours)
- Meaning, Nature and Scope of Industrial Economics- Role of Industry in Economic Development - Industrial Structure and Classification of Industries - Industrial Policy in India (1956 Policy, LPG Reforms 1991, Recent Developments) - Structural Changes in Indian Industry.
Module 2: Theory of the Firm and Market Structure (15 Hours)
- Concept and Objectives of the Firm (Profit Maximization, Sales Maximization, Growth Maximization) - Market Structures: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly - Price and Output Determination under Different Market Structures - Economies of Scale and Scope.
Module 3: Labour Economics – Concepts and Labour Market Analysis (15 Hours)
- Meaning, Scope and Importance of Labour Economics - Labour as a Factor of Production - Demand for Labour (Marginal Productivity Theory) - Supply of Labour and Labour Force Participation - Types of Unemployment (Open, Seasonal, Disguised, Structural) - Labour Market Characteristics in India.
Module 4: Wage Determination and Labour Market Institutions (15 Hours)
- Theories of Wage Determination: Marginal Productivity Theory, Collective Bargaining Theory, Modern Theories of Wages, Wage Differentials: Causes and Effects, Concepts of Minimum Wage, Fair Wage and Living Wage - Trade Unions: Growth, Functions and Problems - Industrial Relations: Meaning and Components - Overview of Labour Codes (Wage Code 2019, Industrial Relations Code 2020 – Introduction.
Reference Books
- 1 R . R. Barthwal, (2021) Industrial Economics: An Introductory Textbook — New Age International Pvt. Ltd.
- 2 N. Mani, (2022) Industrial Economics — New Century Publications.
- 3 Ranjana Seth, (2020), Industrial Economics — Ane Books Pvt. Ltd.
- 4 S. B. Gupta, ( 2020), Industrial Economics — SBPD Publications.
- 5 Suman Kalyan Chakraborty, (2025), Labour Economics — Himalaya Publishing House.
- 6 Dr. D. Amutha,( 2020), A Text Book of Labour Economics — Manglam Publications.
- 7 Dr. P. M. Kadukar, (2021), Fundamentals of Labour Economics — Himalaya Publishing House,
- 8 P. R. N. Sinha, Indu Bala Sinha & Seema Priyadarshini Shekhar, (2017), Industrial Relations, Trade Unions and Labour Legislation (3rd Ed.) — Pearson India.
- 9 Rajendra Kumar Sharma, (2021), Industrial Labour in India — Atlantic Publishers & Distributors,
- 10 Mishra S. K. & Puri V. K., Indian Economy — Himalaya Publishing House (latest ed).
- 11 Datt R. & Sundaram K. P. M., Indian Economy — S. Chand & Co. (latest ed).
- 12 Saibal Kar & Debabrata Datta,(2015), Industrial and Labor Economics: Issues in Developing and Transition Countries — Springer India,