12/20/2016

MEE255
VersionNo
Prerequisite
Objectives

Expected
Outcomes

RamanujamROutlookWebApp

INDUSTRIALECONOMICS

Nil
1.Tofamiliarizestudentswithabroadrangeofthemethodsandmodelsappliedby
economistsintheanalysisoffirmsandindustries.
2. Toensurethatstudentswhotakethecoursewill,byworkingextensivelywith
theoretical models, acquire analytical skills that are transferable to other kinds of
intellectualproblems.
Uponcompletionofthecoursestudentsshould:

1.Beabletosolveanalyticallyproblemsrelatingtoindustrialeconomics.
2.Befamiliarwiththefunctioningofdifferentexperimentalmarketinstitutionsand
thekeyresultsoftheseexperiments.
3.Demonstrateunderstandingofverbal,graphical,mathematicalandeconometric
representationofeconomicideasandanalysis,includingtherelationshipbetweenthem.
UnitI

The scope of Industrial Economics and its History. Industrial efficiency: Concepts and Measurement.
Meaningoftheconcept.TheDeterminantsofefficiencylevels.Someefficiencyconditionsinthetheory
ofproduction,Efficiencyanddecisionmakingprocess.TheorganisationalfOlDlandalternativemotives
ofthefimt.TypesoforganisationalfOlDl.BusinessMotives.
UnitII

DemandAnalysisTheTheoryofDemand.Theelasticityconcept.DemandfortheProductsofIndividual
firms in an Industry. Demand forecasting. The cost theory and optimum size of the firm. The theory of
costandproduction.Theefficiencyandsizeofthefirm.
UnitIII

TheElementsofMarketStructureSomeconceptsstandardformsofMarketstructureTheconceptof
workablecompetiton.TheconceptualframeworkofthestudyofIndustrialEconomics.Marketstroctw"e
and Innovation. The process of innovation, concepts and Relationships, Measuremerit of innovation
activitiesTheTheoryoftechnologicalinnovation.DiffusionofNewTechnology.
UnitIV

Industrial Finance and Accounting The need for finance types of Finance sources of finance
contribution of various sources finance in Indian situation. Choice of Funding: Internal VB External
sources. An evaluation of Indian Industrial policy. The ways and means of Government regulation of
Industry.
UnitV

Labour productivity concept of labour productivity and its measurement the determinants of labour
productivityRiskandDecisionMakingTechnologicalChangeinGlobalEconomyLocatingtheFirm
inaglobaleconomyTaxesandDecisionMaking.
TextBooks
1.R.R.Barthwal(2007)IndustrialEconomics,NewAgeInternational..
References
1.BhagawatiandP.Desai,India:planningforIndustrialisation
2.W.Stewart,IndustrialEconomics:Anappliedapproach(Macmillan)
3.RogarClarkIndustrialEconomicsBlackwallOxford.
4.P.J.Devonsetal.AnintroductiontoIndustrialEconomics.(AllenandWlwin.).
Modeof
Quiz/Assignment/Seminar/WrittenExamination
Evaluation
RecommendedbytheBoardofStudieson:
DateofApprovalbytheAcademicCouncil:

https://webmail.vit.ac.in/owa/#path=/mail

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