Basic concepts: Plants, firm and industry. Market structure. Economics of scale and optimum firm size. Pricing under alternative market structures. Market power and concentration. Integration, diversification and merger. Behavioural and managerial theories of the firm, growth of the firm. Industrial productivity and its measurement. Industrial location. Input- output analysis. Project appraisal and capital budgeting. Industrialisation and economic development. Problems of industrialisation in India. Role of public and private sectors. Growth of small-scale industries and their problems. Government regulation of industry. Balanced regional development.