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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (PhD) | |
| Code | İKT827 |
| Name | Industrial Economics |
| Term | 2024-2025 Academic Year |
| Term | Fall and 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 |
Doç. Dr. ERHAN İŞCAN
(Güz)
(A Group)
(Ins. in Charge)
Doç. Dr. ERHAN İŞCAN (Bahar) (A Group) (Ins. in Charge) |
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
There are no prerequisites for the course.
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 | Explains different theories of the firm and market structures. |
| LO02 | Explains how firm behavior is affected. |
| LO03 | Explains various pricing strategies applied by firms. |
| LO04 | Explains firm structure and firm behavior and the strategic interactions of firms with other firms in the market. |
| LO05 | Explains the economic consequences of market power for the firm and society. |
| LO06 | Explains fundamental topics such as market structures, firm behavior, and industry dynamics. |
| LO07 | Explains the effects of public policies on market equilibrium, pricing, and firm behavior. |
| LO08 | Explains the consequences of R&D, innovation and technology policies on sectors. |
| LO09 | Explains the effects of government industrial incentives, subsidies and investment policies on economic development. |
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 - Alana Özgü Yetkinlik | 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. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Micro fundamentals | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Micro Fundamentals Question Solution | Problem Solving | Öğretim Yöntemleri: Soru-Cevap, Anlatım, Tartışma |
| 4 | Firm Solution | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Profit maximization motive and determinants of firm size | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Balance in static games | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Dynamic interaction theory | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Prepare to Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Monopoly and Regulation | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Oligopoly I: Price Competition-1 | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Oligopoly II: Product Competition-2 | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Oligopoly III: Dynamics of Reciprocity-3 | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Analysis of competition policy | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Analysis of competition policy Activity-1 | Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Analysis of competition policy Activity-2 | Problem Solving | Öğretim Yöntemleri: Soru-Cevap, Tartışma, Alıştırma ve Uygulama, Anlatım |
| 16 | Final Exam | Problem Solving | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exam | Exam | Ölçme Yöntemleri: Yazılı Sınav |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Homework | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
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 | ||