Economics of Competition (ECON440) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Economics of Competition ECON440 3 0 0 3 6
Pre-requisite Course(s)
Course Language Turkish
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Instructor Dr. Esra Şengör Şenalp
Course Assistants
Course Objectives The principle of this course is to put forward how and why governments intervene into the markets. Firstly some basic microeconomics concepts will be introduced. Then the course will be all about the real economic life and market structures. The students will learn the basics of competition law, specifically we will talk about cartels, monopolies and mergers. The course will cover lots of real world cases from EU/US and especially from Turkey.
Course Learning Outcomes The students who succeeded in this course;
  • To learn why governments regulate markets.
  • 2- To understand how firms operate in market economies in real world.
  • To learn regulation of competition and the economic theory behind this.
Course Content Firm behavior in imperfectly competitive markets; how governments regulate competition; market power; market structures, industry analysis, demand-supply; market concept in competition, entry, exit barriers, price discrimination, monopoly, market power, cartels, integration and integration regulation; privatization, vertical integration.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction and Course Overview
2 Competition and Regulation Besanko Chapter 1
3 Market Structures Besanko Chapter 1
4 Structure-Conduct-Performance Paradigm Industry Analysis Nicholson & Snyder, Chapter 9 Besanko Chapter 8
5 Demand-Supply and Market Concept in Competition Besanko Chapter 11
6 Entry and Exit Barriers, Price Discrimination Besanko Chapter 11
7 Monopolization Market Power Nicholson & Snyder, Chapter 11
8 Midterm Exam
9 Case Study – Network Industry Dynamics of Pricing Rivalry Besanko Chapter 10
10 Cooperative Pricing – Non price competition Cartels Handouts
11 Cartel Legislation in Turkey Handouts
12 Mergers and Merger Regulation Privatization Handouts
13 Vertical Integration Hand-out
14 Economic Regulation Hand-outs
15 General Review
16 Final Exam


Course Book 1. Besanko, D., Dranove, D., Shanley, M. and Schaefer, S., Economics of Strategy, 5th Edition, John Wiley & Sons, 2010.
2. Nicholson, W. and Snyder, C., Theory and Application of Intermediate Microeconomics, 11th Edition, South-Western, 2010.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics 3 5
Homework Assignments 5 5
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 50
Toplam 11 100
Percentage of Semester Work 50
Percentage of Final Work 50
Total 100

Course Category

Core Courses
Major Area Courses X
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level X
5 Learning different approaches on economic and related issues X
6 Acquiring the quantitative and/or qualitative techniques in economic analysis X
7 Improving the ability to use the modern software, hardware and/or technological devices
8 Developing intra-disciplinary and inter-disciplinary team work skills
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication.
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 16 5 80
Presentation/Seminar Prepration
Homework Assignments
Quizzes/Studio Critics 5 5 25
Prepration of Midterm Exams/Midterm Jury 1 3 3
Prepration of Final Exams/Final Jury 1 4 4
Total Workload 160