Unit-1: Introduction to Industrial economics - nature and scope - concept of firm and industry - types of firms - structure, conduct and performance of the firm.
Unit-2: Standard forms of market structure - pricing strategies and output determination of firms - profit maximization, sales maximization (William J. Baumol), utility maximization (Oliver E. Williamson), growth maximization (George K. Yarrow) - equilibrium of firms under perfect competition, monopoly, monopolistic competition and oligopoly - optimum price and output - economies of scale.
Unit-3: Price competition and non-price competition - strategic behaviour of firms - collusion and mergers - game theory - market failures and information asymmetry - advertising and product differentiation - market entry and exit - market concentration and diversification - R&D and innovation.
Unit-4: Productivity and efficiency Industrial productivity and development in India classification of industries Industrial policy and Indian Planning recent trends in Indian industrial growth

Identify and analyze the behavior of a firm under different market situations in a systematic way.

Understand and assimilate the issues related to strategic behaviour in firms, R&D and innovation.

Have a comprehensive coverage of firms' profitability and efficiency measurements, with applications to India's industrial structure.

Upon completion, students should have an in-depth knowledge of
i.   Market structure, conduct and performance
ii.  Strategic behaviour in firms
iii.  Innovation, R&D and the market
iv.  Industrial efficiency and its applications for the Indian economy.

Donald A. Hay, Derek J. Morris, Industrial Economics: Theory and Evidence, Oxford University Press, 1979

R. R. Barthwal, Industrial Economics: An Introductory Textbook, New Age International Publishers, 2007

A. Singh and A.N. Sandhu, Industrial Economics, Himalaya Publishing House, Bombay, 1988

Stephen Martin, Advanced Industrial Economics, Oxford, UK Blackwell Publisher, 2002