ECTS - Economics of Competition
Economics of Competition (IKT440) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Economics of Competition | IKT440 | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| 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, Discussion, Question and Answer. |
| Course Lecturer(s) |
|
| 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;
|
| 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 et al Chapter 1 |
| 3 | Market Structures | Besanko et.al. Chapter 2 |
| 4 | Structure-Conduct-Performance Paradigm Industry Analysis | Besanko et.al. Chapter 2 |
| 5 | Demand-Supply and Market Concept in Competition | Nicholson & Snyder, Chapter 9 Besanko et.al. Chapter 8 |
| 6 | Entry&Exit - Entry Barriers Price Discrimination | Besanko et.al. Chapter 11 |
| 7 | Monopolization Market Power | Nicholson & Snyder, Chapter 11 |
| 8 | Midterm Exam | |
| 9 | Case Study – Network Industry Dynamics of Pricing Rivalry | Besanko et.al. Chapter 10 |
| 10 | Cooperative Pricing – Non price competition Cartels | Nicholson & Snyder, Chapter 12 |
| 11 | Cartel Legislation in Turkey | Hand-out |
| 12 | Mergers and Merger Regulation Privatization | Hand-out |
| 13 | Vertical Integration | Hand outs |
| 14 | Economic Regulation | Hand outs |
| 15 | General Review | |
| 16 | Final Exam |
Sources
| 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 | 5 |
| 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 | 95 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| 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 | Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains. | X | ||||
| 2 | Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view. | X | ||||
| 3 | Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. | X | ||||
| 4 | Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions. | X | ||||
| 5 | Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation | X | ||||
| 6 | Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it. | X | ||||
| 7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained. | X | ||||
| 8 | Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective. | X | ||||
| 9 | Use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | X | ||||
| 10 | Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software. | X | ||||
| 11 | Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events. | X | ||||
| 12 | While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values. | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 5 | 80 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | 5 | 5 | 25 |
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 3 | 3 |
| Total Workload | 158 | ||