M A Economics ( C.D.

E) Final Paper V Option Industrial Economics Module 1:

Meaning of Industrialization, The role of industry in economic development, Theories of Industry: Hoffmann-Chenary and Gerschenkron, Theories of growth of a firm- Downie, Penrose and Marris; Theories of Industrial location- Weber, Sargent Florence, Losch, Hirschman & Mishra Factors affecting location.

Module 2:
Concept and organization of a firm, Market structure, Sellers concentration, product differentiation, entry conditions, economies of scale, profitability and innovation, growth and profitability of the firm, constraints on growth, productivity, efficiency and capacity utilization- concept and measurement, Indian situation, cost-benefit analysis- NPV and IRR criteria, balancing between social and private returns.

Module 3:
Classification of industries- Use based and resource based. ASI two digit and three digit classification, industrial policy in India- Role of public and private sector, Recent trends in industrial growth. Small vs. Large scale industry- Growth and employment dimensions.

Module 4:
Liberalization and Privatization in India MNCs and transfer of technology industrial economic concentration and remedial measures, Issues in Industrial proliferation and environmental preservation. Regional industrial growth in India. Rural Industrialization Its need in India A critical review of programs for rural industrialization.

Module 5:
Structure of industrial labor, Employment dimensions of Indian industry, Exit policy and social security, Labor market reforms. Industrial finance: owned, external and other components of funds, Role, nature, volume and types of financial institutions IDBI, IFCI, SFCs, SIDC, Commercial banks. Financial statements Balance sheet, Profit and loss account assessment of financial soundness, ratio analysis.