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Information
| Unit | INSTITUTE OF NATURAL AND APPLIED SCIENCES |
| AGRICULTURAL ECONOMICS (MASTER) (WITH THESIS) | |
| Code | TE014 |
| Name | Price Analysis |
| Term | 2018-2019 Academic Year |
| Term | Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Belirsiz |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi TUNA ALEMDAR |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
Understanding factors affecting agricultural commodity prices; being able to annual and seasonal changes in prices; making future price estimations
Course Content
Analysis of price movements in agricultural and food commodities; relations between agricultural commodity, related input prices and general price level, price indices and parities; derivative demand; supply response; classification and measurement of characteristic price movements; trends; seosonal fluctiations; conjunctural price movements; temporary and irregular price movements; relations between time series; qualitative analysis of supply and demand; vertically and horizontally related markets
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | To be able to identify factors causing price fluctuation in agricultural commodities |
| LO02 | to be able to make fundamental price analyses by employing economic theory and statistical techniques; to be able to interprete annual and seasonal changes in agricultural price commodities; to be able to make price forecasts |
| LO03 | to be able to make technical price analyses and price forecasts by employing historical data and statistical techniques |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Able to further develop and deepen knowledge acquired based on the undergradute level proficiencies in the fields of farm management and agricultural policy | |
| PLO02 | - | Able to comprehend interactions among related disciplines and field of agricultural economics | |
| PLO03 | - | Able to use theoretical and practical knowledge of agricultural economics in their specialization area | |
| PLO04 | - | Able to prepare reports on developments in national economy and agricultural sector; able to critically evaluate historical and actual developments in agriculture and economy; able to observe and interpret economics related publications | |
| PLO05 | - | Able to use software widely used in agricultural economics | |
| PLO06 | - | Able to combine data of actual developments with his knowledge, data and findings obtained in various disciplines and interpret them while supporting them with qualitative and quantitative data and also forming new knowledge through synthesis | |
| PLO07 | - | Ability to take the lead in multidisciplinary teams and work in teams | |
| PLO08 | - | Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process | |
| PLO09 | - | Constantly adapt himself to new scientific developments | |
| PLO10 | - | Able to use acquired and digested agricultural economics knowledge in multidisciplinary studies, able to explain them, to transfer them to others, able to examine conclusions critically | |
| PLO11 | - | Able to transfer research results using verbal, written and visual tools | |
| PLO12 | - | Able to collect data according to scientific methods in order to solve economic problems, able to supervise and interprete data collected while taking into consideration social, scientific and ethical values | |
| PLO13 | - | Able to develop analytical approaches in order to solve complicated problems that cannot be forecast beforehand in applications of agricultural economics and policy; able to design research process; able to produce solutions by taking on responsibility and to evaluate and justify solutions |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Price analyses and price indices; Laspeyres and Paasche price indices | Lecture notes and suggested resources | |
| 2 | Fundamental analysis: demand as one of the factors determining price; demand estimation equations; income and substitution effects on demand; consumer theory and market demand | Lecture notes and suggested resources | |
| 3 | Marketing margins and derivative demand; relations between various elasticity measures; homogenity, symmetry and Engel aggregation conditions | Lecture notes and suggested resources | |
| 4 | Fundamental analysis: Supply as one of the factors determining price; supply estimation equations; factors determining supply | Lecture notes and suggested resources | |
| 5 | Technical analysis: price time series; trend; seasonal fluctuations; conjunctural fluctuations; unexpected (irregular) events | Lecture notes and suggested resources | |
| 6 | Technical analysis: moving averages method | Lecture notes and suggested resources | |
| 7 | Trend equations | Lecture notes and suggested resources | |
| 8 | Mid-Term Exam | Lecture notes and suggested resources | |
| 9 | Seasonal fluctuations | Lecture notes and suggested resources | |
| 10 | Conjuntural analyses | Lecture notes and suggested resources | |
| 11 | Supply response; distributed lag models | Lecture notes and suggested resources | |
| 12 | Vertically and horizontally related markets | Lecture notes and suggested resources | |
| 13 | Cobweb Theorem | Lecture notes and suggested resources | |
| 14 | Hedonic price analysis | Lecture notes and suggested resources | |
| 15 | A general overview of price estimation techniques | Lecture notes and suggested resources | |
| 16 | Term Exams | Lecture notes and suggested resources | |
| 17 | Term Exams | Lecture notes and suggested resources |