COURSE UNIT TITLE

: INDUSTRIAL ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4211 INDUSTRIAL ECONOMICS ELECTIVE 3 0 0 6

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

Economics

Course Objective

The aim of this course is
-to the help the learner to become familiar with the operation and performance of imperfectly competitive markets and the behavior of firms in these markets
-to provide the learner an understanding of the strategic interactions of firms, how firms' decisions regarding price, advertising and R&D, etc. can be modeled and the impact of those decisions on the structure and performance of markets.

Learning Outcomes of the Course Unit

1   Understand basic models associated with different market structures in terms of production and price levels.
2   Use models of industrial organization behavior to solve analytical problems related with industrial economics.
3   Understand the industrial structure and its link with the real firm behavior identifying related political questions.
4   Demonstrate understanding of industrial strategies and criticizing their social welfare implications

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2002 - MICROECONOMICS II

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to industrial economics and basic microeconomic tools
2 Costs and multiproduct firms
3 Measuring market structure and market power
4 Monopoly power and practice
5 Game theory and oligopoly markets
6 Game theory and oligopoly markets
7 Limit pricing and entry deterrence
8 Vertical and conglomerate mergers
9 Advertising, market power and information
10 R&D and industry structure
11 R&D and industry structure
12 New developments in industrial organization

Recomended or Required Reading

1. Pepall, L., Richards, D., Norman, G. (2004) Industrial Organization:Contemporary Theory and Empirical Applications, 4th Edition, Addison Wesley.
2. Waldman, D.E., Jensen, E.J. (2007) Industrial Organization: Theory andPractice, 3rd Edition, Addison Wesley.
3. Carlton, D.W., Perloff, J.M., (2004) Modern Industrial Organization, 4th Edition, Addison Wesley.

Planned Learning Activities and Teaching Methods

1. Lecture
2. Problem Sessions
3. Case studies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly describe production and pricing decisions at different market structures.
2. The learner will apply the theoretical concepts related to industrial structure and its impacts on firm beahvior to develop policy implications.
3. The learner will participate in a group project to develop an analysis of a specific topic in industrial economics that presents the relevant industrial startegies and their social welfare implications.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Tutorials 4 1 4
Preparation for final exam 1 35 35
Preparation for midterm exam 1 26 26
Preparations before/after weekly lectures 14 3 42
Preparation for quiz etc. 0 0 0
Midterm 1 2 2
Quiz etc. 0 0 0
Final 1 2 2
TOTAL WORKLOAD (hours) 147

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.135455
LO.2434542
LO.334543
LO.434544