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

Urban Economics Syllabus.pdf
Elective course · Semester 2 · M.Com. Business Economics · 4 credits

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Syllabus for Urban Economics

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

Module I: Urban Economics and Economic Growth (2 CREDITS)

  • Unit 1 Introduction to Urban Economics
  • Definition and Scope of Urban Economics: Concept of urban economics- Distinction
  • between urban and regional economics- Scope of urban economic analysis. Importance of Urban Economics: Economic significance of cities- Contribution of urban areas to national
  • GDP- Role of urbanization in economic development.
  • Economic Forces Shaping Urban Areas: Demand and supply factors in urban land
  • markets - Agglomeration economies and urban productivity- Technological change and its impact on urban economies.
  • Theories of Urban Development: Classical theories (bid-rent theory and central place
  • theory)- Neoclassical urban economics- New urban economics and urban spatial structure.
  • Unit 2 Urbanization and Economic Growth
  • Urbanization and Industrialization: Concentration of industries in urban areas -Urban
  • manufacturing clusters and agglomeration effects- Informal sector and urban
  • industrialization.
  • Urbanization and Agricultural Transformation: Rural-urban migration and agricultural
  • labour supply - Urban agriculture and food security
  • The Relationship between Urbanization and Economic Growth: Empirical evidence on urbanization and GDP growth- Mechanisms linking urbanization to economic growth.
  • Urbanization and Environmental Sustainability and Policies for sustainable urban
  • development

Module II: Urban Infrastructure and Policy and Governance (2 CREDITS)

  • Unit 3 Urban Infrastructure and Services
  • Urban Infrastructure Development in India: Transportation infrastructure (roads, railways, and metro systems) - Water supply and sanitation infrastructure- Energy infrastructure in urban areas.
  • Role of Public and Private Sectors in Urban Infrastructure: Public-private partnerships in urban infrastructure projects-Financing mechanisms for urban infrastructure development- Challenges in infrastructure provision by public and private sectors.
  • Smart Cities Mission: Objectives and components of the Smart Cities Mission- Implementation challenges and lessons learned-Impact assessment of smart city projects.
  • Sustainable Urban Development: Principles of sustainable urban development -Urban
  • planning and land use regulations for sustainability-Climate-resilient infrastructure in urban
  • areas.
  • Unit 4 Urban Policy and Governance
  • Urban Policy Framework in India: Evolution of urban policies in India- National Urban
  • Policies and Programmes- Recent policy initiatives for urban development (Atal Mission for Rejuvenation and Urban Transformation, Swachh Bharat Mission-Urban 2.0 and Pradhan
  • Mantri Awas Yojana-Urban)
  • Urban Housing Policies in India: Affordable housing schemes and policies- Rental housing
  • policies and regulations in India- Housing finance and mortgage markets in India. Slum
  • Rehabilitation: Approaches to slum rehabilitation in India-Public-private partnerships in slum
  • redevelopment-Community participation in slum improvement programmes.
  • Redevelopment of Housing Societies: Importance of housing society redevelopment for urban development- Important terminologies used in housing society redevelopment
  • (Examples: Conveyance Deed, Developer, Floor Space Index, Letter of Intent, No Objection
  • Certificate, Occupancy Certificate, Redevelopment, Transfer of Development Rights)- Obstacles faced by housing societies in initiating redevelopment projects and delays during
  • the redevelopment process.

Suggested References

  • 1 B. B. Bhattacharya and S. Sakthivel (2004): Regional Growth and Disparity in India: Comparison of Pre- and Post-Reform Decades, Economic and Political Weekly, 39(10), pp. 1071-1077.
  • 2 Brueggeman, W.B.andJ.D.Fisher(2005),RealEstateFinance&Investments,(13th edition),NewYorkCity,NY:McGraw-Hill/Irwin.
  • 3 Capello Roberta. (2016). Regional Economics. Routledge (New York).
  • 4 Hudson, R. (2007): Regions and Regional Uneven Development Forever? Some reflective Comments upon Theory and Practice, Regional Studies, 41(9), pp. 1149-1160
  • 5 Government of India (2018) Ministry of Housing and Urban Affairs- National Urban Policy Framework
  • 6 O’Sullivan, Arthur(2007):UrbanEconomics,McGraw-Hill/Irwin.
  • 7 Peter Nijkamp, Edwin S. Mills, P. C. Cheshire, J. Vernon Henderson, Jacques François Thisse. Handbook of Urban and Regional Economics. Vol.I. Regional Economics. North Holland (Amsterdam). 2007
  • 8 Phillips McCann. (2013). Modern Urban and Regional Economics. Oxford University Press (New York).

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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