Master of Commerce (M.Com.) Health and Welfare Economics Syllabus - Mumbai University 2026

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Syllabus for Health and Welfare Economics

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

Module I: Introduction to Health Economics (2 CREDITS)

Unit 1 Health Economics, structure and Segments
Scope and importance and challenges related to Health Economics.
Market structure in the healthcare (Monopolistic and oligopoly) sector; pricing, accessibility.
Healthcare sector segments and growth (PCPs, Clinics, Specialty care, nursing homes, long-term care
etc. - Competitive strategies in the healthcare sector.
Unit 2 Cost-Benefit Evaluation in Healthcare, Innovation and Policy.
Cost-benefit analysis, Cost-utility analysis, Quality-adjusted life years.
Digital health technologies in India. (AI, telemedicine, Mobile (m-Health), big data etc.)
Case studies of public-private partnerships in India; Ayushman scheme, RSBY, KITTP, CHIRANJIVI
YOJNA, KARUNA TRUST (NGO).

Module II: Family welfare and Health Policies (2 CREDITS)

Unit 3 Introduction to Family Welfare Economics
Meaning, History, scope and importance of family welfare economics in socio-economic development.
Population dynamics: Fertility and Mortality, Age structure and economic implication for family welfare.
Role of maternal and child health in Family Welfare, economic determinants of family health and nutrition.
Unit 4 Government Health Policy and Programmes in India
National Health Policy (NHM), National Rural Health Mission and objectives and achievements.
Ayushman Bharat, Janani Suraksha Yojana (JSY), PM Matru Vandana Yojana.
Mission Indradhanush, Integrated Child Development Services (ICDS), Poshan Abhiyan, PMSSY and National Mental Health Programme.

Suggested References

1 Phelps, C. E. (2017). Health Economics (6th ed.). Routledge.
2 Folland, S., Goodman, A. C., & Stano, M. (2016). The Economics of Health and Health Care (8th ed.). Routledge.
3 Boadway, R., & Bruce, N. (1984). Welfare Economics. Basil Blackwell.
4 Feldman, A. M., & Serrano, R. (2006). Welfare Economics and Social Choice Theory. Springer.
5 Purohit, Brijesh C. (2016). Health Economics in India (1st ed.). Routledge India.
6 Purohit, Brijesh C. (2014). Economics of Public and Private Healthcare and Health Insurance in India (1st ed.). Sage Publications India Pvt Ltd.
7 Nagarajan, R. (Ed.) (2009). Health Economics and Policy: Perspectives from Developing Countries (1st ed.). Concept Publishing Company.
8 Tyagi, Dinesh Kumar (2008). Health Care Reforms in India: Making Up for the Lost Decade (1st ed.). Northern Book Centre.
9 Radhakrishna, R., & Ray, S. (Eds.) (2015). Poverty, Inequality, and Inclusive Growth in India: Essays in Honour of Suresh D. Tendulkar (1st ed.). Springer India.
10 Rao, M. (2004). From Population Control to Reproductive Health: Malthusian Arithmetic. Sage Publications.
11 Kabeer, N. (1994). Reversed Realities: Gender Hierarchies in Development Thought. Verso.Ministry of Health and Family Welfare, Government of India. National Family Health Survey (NFHS-5).

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.

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