ECTS - Economics of Competition
Economics of Competition (ECON440) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Economics of Competition | ECON440 | Area Elective | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| Course Type | Elective Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, 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 1 |
| 4 | Structure-Conduct-Performance Paradigm Industry Analysis | Nicholson & Snyder, Chapter 9 Besanko et.al. Chapter 8 |
| 5 | Demand-Supply and Market Concept in Competition | Besanko et.al. Chapter 11 |
| 6 | Entry and Exit 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 | 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 |
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 | 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 | 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 | They acquire the skills to understand, explain, and use the basic concepts and methods of economics. | X | ||||
| 2 | Acquires macro-economic analysis skills. | X | ||||
| 3 | Acquire microeconomic analysis skills. | X | ||||
| 4 | Understands the formulation and implementation of economic policies at local, national, regional and/or global levels. | X | ||||
| 5 | Learn different approaches to the economy and economic issues. | |||||
| 6 | Learn qualitative and quantitative research techniques in economic analysis. | |||||
| 7 | Improving the ability to use modern software, hardware and/or other technological tools. | X | ||||
| 8 | Develops intra-disciplinary and inter-disciplinary team work skills. | X | ||||
| 9 | Contributes to open-mindedness by encouraging critical analysis, discussion, and/or lifelong learning. | |||||
| 10 | Develops a sense of work ethics and social responsibility. | |||||
| 11 | Develops communication skills. | |||||
| 12 | Improving the ability to effectively apply knowledge and skills in at least one of the following areas: Economic policy, public policy, international economic relations, industrial relations, monetary and financial relations | |||||
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 | 3 | 3 |
| Prepration of Final Exams/Final Jury | 1 | 4 | 4 |
| Total Workload | 160 | ||