| Learning Outcomes |
PO |
MME |
| The students who succeeded in this course: |
|
|
| LO-1 |
Be able to explain success of firm and market in different market structures |
PO-2 have basic information about treatment rules between individuals, markets and countries.
|
Examination
|
| LO-2 |
Be able to explain production processes of firms in imperfect competitive markets |
PO-2 have basic information about treatment rules between individuals, markets and countries.
|
Examination
|
| LO-3 |
Be able to compare decision process of firms under diffferent market structures. |
PO-4 have theoretical and empirical information to analyze how to authorities, consumers and firms effect each other’s and how to make decision.
|
Examination
|
PO: Programme Outcomes
MME:Method of measurement & Evaluation |
| Course Contents |
| Economic organization, methods to determine the structure of industry, firms in different industry structures, agreements between firms, entering into an industry and exiting from an industry, firms pricing strategies according to market power, asymmetric information and market. |
| Weekly Course Content |
| Week |
Subject |
Learning Activities and Teaching Methods |
| 1 |
Economic organization and concepts of firm, industry and market. Structure, behavior and performance. |
lecturing |
| 2 |
Models used in relation between market structure-economic success, R&D in firms. |
lecturing |
| 3 |
Methods to determine the structure of industry: Methods for calculation of concentration index, demand and cost method, method of scale economies. and market. |
lecturing |
| 4 |
Firms in different industry structures: Competition model. |
lecturing |
| 5 |
Model of monopoly, monopsony, monopoly competition market, oligopoly. |
lecturing |
| 6 |
Competition and cooperation between firms. Cartels. |
lecturing |
| 7 |
Agreements between firms: Factors contributing to oligopolistic coordination. |
lecturing |
| 8 |
mid-term exam |
|
| 9 |
Factors prevent agreements between firms |
lecturing |
| 10 |
Entering into an industry and exiting from an industry |
lecturing |
| 11 |
Firm’s pricing strategies according to market power: Capturing consumer rant and price differentiation. |
lecturing |
| 12 |
Inter-time price differentiation: Two way price tariffs, joint sales and packet sales, advertisement |
lecturing |
| 13 |
Asymmetric information and market |
lecturing |
| 14 |
Problems arises from asymmetric information |
lecturing |
| 15 |
Methods that remove the problem of asymmetric information
|
lecturing |
| 16 |
final exam |
|
| Recommend Course Book / Supplementary Book/Reading |
| 1 |
Serkan Dilek, Oyun Teorisi Eşliğinde Sanayi Ekonomisi (Endüstriyel Ekonomi), Seçkin Yayınevi, Ankara, 2017. |
| Required Course instruments and materials |
| slides, textbook |
