TÜRKÇE
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Information
| Code | İKT827 |
| Name | Industrial Economics |
| Term | 2022-2023 Academic Year |
| Term | Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 9 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | |
| Course Instructor |
1 |
Course Goal / Objective
Industrial economics first emerged as a sub-branch of microeconomics that examines the conditions of competition, and then shaped as a field that examines the strategic interactions of firms by incorporating the developments in non-competitive game theory into the theoretical infrastructure of competition structures. This course will focus on strategic competition and its impact on market structures and the design of competition policies that maximize social welfare.
Course Content
This course covers problems of economic systems, economic events, sides of economic events and their modes of behaviors, consumer theory and profit maximization, profit maximization theory of the firm, firms decision-making processes in different markets and the factor markets.
Course Precondition
NO
Resources
Modern Industrial Organization by Jeffrey M. Perloff and Dennis W. Carlton
Notes
Articles from Various Sources
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learns different theories of the firm and market structures. |
| LO02 | Learn how firm behavior is affected. |
| LO03 | Students will be informed about the latest developments in the field thanks to the information given on the old and new industrial economics. |
| LO04 | Gains knowledge of various pricing strategies applied by firms. |
| LO05 | Have detailed knowledge about the organization of markets and the situation of firms in strategic decision making. |
| LO06 | Analyze firm structure and firm behavior and the strategic interactions of firms with other firms in the market. |
| LO07 | Can define the market power. |
| LO08 | Evaluate the economic consequences of market power for the firm and society. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the importance of demand and supply and the conditions of the market economy to work better | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Conducts new research that contributes to science. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Has the knowledge of quantitative and qualitative techniques used in Economics. | 4 |
| PLO09 | Yetkinlikler - Alana Özgü Yetkinlik | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility individually and / or in a team,leads a team and works effectively | 4 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 4 |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Publishes original studies in the field of economics in scientific journals. | 4 |
| PLO16 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data with information technologies to do research. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Understands the necessity and importance of research in social sciences. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Micro fundamentals | Reading | Öğretim Yöntemleri: Anlatım |
| 3 | Micro Fundamentals Question Solution | Problem Solving | Öğretim Yöntemleri: Soru-Cevap |
| 4 | Firm Solution | Reading | Öğretim Yöntemleri: Anlatım |
| 5 | Profit maximization motive and determinants of firm size | Reading | Öğretim Yöntemleri: Anlatım |
| 6 | Balance in static games | Reading | Öğretim Yöntemleri: Anlatım |
| 7 | Dynamic interaction theory | Reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Prepare to Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Monopoly and Regulation | Reading | Öğretim Yöntemleri: Anlatım |
| 10 | Oligopoly I: Price Competition-1 | Reading | Öğretim Yöntemleri: Anlatım |
| 11 | Oligopoly II: Product Competition-2 | Reading | Öğretim Yöntemleri: Anlatım |
| 12 | Oligopoly III: Dynamics of Reciprocity-3 | Reading | Öğretim Yöntemleri: Anlatım |
| 13 | Analysis of competition policy | Reading | Öğretim Yöntemleri: Anlatım |
| 14 | Analysis of competition policy Activity-1 | Problem Solving | Öğretim Yöntemleri: Soru-Cevap |
| 15 | Analysis of competition policy Activity-2 | Problem Solving | Öğretim Yöntemleri: Soru-Cevap |
| 16 | Analysis of competition policy Activity-3 | Problem Solving | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 17 | Term Exam | Exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 6 | 84 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 5 | 10 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 24 | 24 |
| Final Exam | 1 | 40 | 40 |
| Total Workload (Hour) | 214 | ||
| Total Workload / 25 (h) | 8,56 | ||
| ECTS | 9 ECTS | ||