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Master of Commerce (M.Com.) Industrial Economics Syllabus - Mumbai University 2026

Industrial Economics Syllabus.pdf
Mandatory course · Semester 2 · M.Com. Business Economics · 4 credits

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Syllabus for Industrial Economics

Mandatory course · Semester 2 · M.Com. Business Economics · 4 credits

Module I: Introduction, Industrial Economics Theories and Technological

  • Development. (2 Credits)
  • Unit 1 Introduction to Industrial Economics
  • Introduction to Industrial Economics: Objectives and Significance, Firm, Industry, factors
  • determining structure, market forms, pattern of industrialization. Diversification, merger, and Innovations to grow and sustain.
  • Theories of least cost: Weber's Theory of Industrial Location (Least Cost Theory), Hotelling's Model of Spatial Competition, von Thünen's Agricultural Location Theory
  • Theories of location: Christaller's Central Place Theory, New Economic Geography
  • (NEG):, Spatial Interaction Models:
  • Unit 2 Technological Development
  • Concentration of Economic Power- Meaning, Causes, Monopoly, sources and types of monopoly houses and monopoly power, Consequences of concentration, concentration of monopoly power.
  • India-wise concentration- The process of Innovation: concepts and Relationships- Theory
  • of Technological Innovation.
  • Diffusion of New Technology- Market Structure and Innovation in Manufacturing. Recent
  • Technology: use of AI technology, Industry 4.0, and Growth perspectives.

Module II: Industrial Projects, Cost Benefit Analysis and Industrial Finance

  • (2 Credits)
  • Unit 3 Cost Benefit Analysis and Productivity and Policy
  • Industrial Projects: Types, Steps, and methods of project evaluation, Indian Case studies.
  • Cost Benefit analysis: criteria and Evaluation of cost-benefit analysis, Net Present Value
  • criteria, and Limitations of cost-benefit analysis.
  • Industrial productivity: significance, tools of measurement, factors influencing and defect
  • in measurement. Industrial policy 2000-2001- Initiatives and evaluation.
  • Unit 4 Industrial Finance and Industrial Growth
  • Objectives and Role of: India Infrastructure Finance Company Ltd (IIFCL), Export-Import
  • Bank of India (EXIM Bank)
  • Objectives and Role of: Small Industries Development Bank of India (SIDBI), National
  • Housing Bank (NHB)
  • Objectives and Role of: Industrial Finance Corporation of India (IFCI), National Bank for Financing Infrastructure and Development (NaBFID)

Suggested References

  • 1 R.R.Barthwal (1998), ‘Industrial Economics An Introductory Text Book’ Wiley Eastern Limited, New Delhi.
  • 2 Francis, Cherunilam(1989) “Industrial Economics- Indian Perspective, Himalaya Publishing House, Mumbai
  • 3 Singh and Sadhu (1988), Industrial Economics, “, Himalaya Publishing House, Mumbai
  • 4 N. Money (2022), Industrial Economics, New Century Publication.
  • 5 Ranjana Seth (2010), Industrial Economics, Ane Books Pvt Ltd.
  • 6 Kedarnath Prasad (2004), Economics of Industrialization, Sarup & Sons, New Delhi

Reproduced from the University of Mumbai syllabus for M.Com. (Business Economics) under NEP 2020, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its specialisation. Open a document here if you want the whole thing rather than a single subject.

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