| 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 approach and the new industrial organization theories such as the game theory, competitiveness and information theory.
- Have a good understanding of industrial structure, behavior and performance, trends in industries, behaviour of firms in oligopolistic and monopolistic markets 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 |
|
4th Week |
Monopolies, Monopsonies and Dominant Firms |
|
5th Week |
Cartels |
|
6th Week |
Oligopoly |
|
7th Week |
Midterm |
|
8th Week |
Monopolistic Competition and Product Differentiation |
|
9th Week |
Industry 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
- Practice
- Problem Solving
|
|---|
| 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 |
| Project |
1 |
9 |
9 |
| Total Work Load | 159 |
| Total Work Load / 30 (h) | 5.3 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
