BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS AND FINANCE | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO4224 | Industrial Organizations | Spring | 3 | 0 | 3 | 6 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Basic information
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Assoc. Prof. EMİN KÖKSAL |
| Course Lecturer(s): |
Assoc. Prof. EMİN KÖKSAL |
| Recommended Optional Program Components: | Optional Course Materials: videos, games, etc. |
| Course Objectives: | The course is about firms in markets. It focuses on firm behavior in imperfectly competitive markets. It analyzes the acquisition and use of market power by firms, strategic interactions among firms, and the role of government competition policy. During the course we will approach this subject from both theoretical and applied perspectives. |
Learning Outcomes
|
The students who have succeeded in this course; 1. Define market structure 2. Define market power 3. Analyze technology and costs 4. Analyze price discrimination under monopoly 5. Analyze product variety and quality under monopoly 6. Analyze quantity and price competition |
Course Content
| Market Structure & Market Power, Price Discrimination & Monopoly, Product Variety & Quality under Monopoly Static & Dynamic Games, Anti-competitive behaviors, Mergers |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Introduction & Basic microeconomics | |
| 2) | Market Structure & Market Power | |
| 3) | Price Discrimination & Monopoly | |
| 4) | Product Variety & Quality under Monopoly | |
| 5) | Commodity Bundling & Tie-in Sales | |
| 6) | Static Games: Quantity v. Price Competition | |
| 7) | Review | |
| 8) | Dynamic Games: First & Second Movers | |
| 9) | Entry Deterrence & Predation | |
| 10) | Price Fixing & Repeated Games | |
| 11) | Horizontal Mergers | |
| 12) | Vertical & Conglomerate Mergers | |
| 13) | Vertical Restraints | |
| 14) | Advertising, Market Power & Information |
Sources
| Course Notes / Textbooks: | Industrial Organization: Contemporary Theory and Empirical Applications by PEPALL, RICHARDS and NORMAN (Blackwell Publishing, 2008, 4th edition) |
| References: | The Economist Businessweek HBR |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Quizzes | 8 | % 25 |
| Midterms | 1 | % 30 |
| Final | 1 | % 45 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 55 | |
| PERCENTAGE OF FINAL WORK | % 45 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 14 | 3 | 42 |
| Study Hours Out of Class | 14 | 4 | 56 |
| Quizzes | 8 | 1 | 8 |
| Midterms | 1 | 20 | 20 |
| Final | 1 | 20 | 20 |
| Total Workload | 146 | ||
Contribution of Learning Outcomes to Programme Outcomes
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 4 |
| 2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 4 |
| 3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
| 4) | Analyze the interventions of politics to the economics and vice versa. | 1 |
| 5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
| 6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
| 7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
| 8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 3 |
| 9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 4 |
| 10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |