| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Understand the forms of organization of firms and industries, their interactions and the reasons for and results of governmental intervention in the framework of both the Structure-Conduct-Performance paradigm and the new industrial organization theories such as game theory, competitiveness and information theory.
- Have a good understanding of industrial structure, behaviour and performance, trends in industries, behaviour of firms in oligopolistic, monopolistic markets and network industries, and of antitrust and public industrial policy.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | Departing from the assumptions of perfect competition, this
course provides a rigorous microeconomic analysis of
imperfectly competitive markets, the dynamics of market
power concentration, and strategic firm conduct that define
contemporary industries. It explores in analytical depth how
market power is established, entry barriers generated by
economies of scale and sunk costs, oligopolistic pricing
mechanisms, vertical restraints, and tacit collusion models.
Concurrently, antitrust policies, the regulation of natural
monopolies, and strategic industrial policies are examined
not merely as bureaucratic compliance tools, but as
economic design instruments that reshape market structures
and aggregate welfare distribution. Bridging theoretical
frameworks and real-world market dynamics, the primary
objective of this course is to equip students with the
analytical competence to empirically evaluate structural
market failures, sectoral concentration, and the boundaries
of public interventions across both Turkish and global
markets. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to Industrial Organisation |
|
2nd Week |
The Firm and Costs |
|
3rd Week |
Competition, Residual Demand and Market Failures |
|
4th Week |
Market Power, Dominant Firms and Antitrust Policy |
|
5th Week |
Oligopoly and Game Theory |
|
6th Week |
Cartels and Antitrust Policy |
|
7th Week |
Midterm |
|
8th Week |
Monopolistic Competition and Product Differentiation |
|
9th Week |
Market Structure and Performance |
|
10th Week |
Price Discrimination |
|
11th Week |
Predatory Pricing and other Pricing Behaviour |
|
12th Week |
Vertical Integration and Vertical Restraints |
|
13th Week |
Advertising; R&D and Innovation |
|
14th Week |
Public Policies: Antitrust, Regulation and Deregulation |
|
| Recommended or Required Reading | Cabral, L. M. B. (2017). Introduction to
industrial organization (2nd ed.). The MIT
Press. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Problem Solving
- Practice
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Quiz |
1 |
15 |
| Total(%) |
|
55 |
| Contribution of In-term Studies to Overall Grade(%) |
|
55 |
| Contribution of Final Examination to Overall Grade(%) |
|
45 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
1 |
9 |
9 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
25 |
25 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
1 |
1 |
1 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 150 |
| Total Work Load / 30 (h) | 5 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
