Perfect competition; monopoly; price discrimination; oligopoly; markets for homogeneous and differentiated products; strategic behaviour and entry barriers; advertising; quality; vertical relations; network effects; competition law and policy.
Industrial Organization (ECON 330)
Programs\Type | Required | Core Elective | Area Elective |
Economics | * | ||
Economics | * | ||
Energy Minor | * | ||
Industrial Engineering | * | ||
Industrial Engineering (Previous Name: Manufacturing Systems Engineering) | * |
CONTENT
OBJECTIVE
The purpose of this course is to review the modern theory of industrial organization and competition policy. The main topics include monopoly, price discrimination, oligopoly and collusion, vertical restraints, mergers, predatory conduct, network economics, and introduction to competition policy in the EU and Turkey
LEARNING OUTCOMES
- Analyze and write a report on the cases handled by the Competition Authority of Turkey by combining their theoretical knowledge with the real life issues regarding the case while trying to identify the anti-competitive action the defendants have (allegedly) conducted,
- Analyze the decision process of firm behavior under less than competitive conditions,
- Analyze the many theoretical and practical issues regarding the regulation of markets and the implementation of competition policy
- Compare the descriptions of the EU and Turkish regulatory and antitrust policy making systems.
PROGRAMME OUTCOMES
1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 2
2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 2
3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 5
4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 5
5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 4
1. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems. 1
2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose. 2
3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively. 2
4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose. 5
5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas. 1
6. Possess knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development. 4
7. Possess knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; knowledge of behavior according to ethical principles, understanding of professional and ethical responsibility. 4
8. Have the ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. 3
1. Formulate and analyze problems in complex manufacturing and service systems by comprehending and applying the basic tools of industrial engineering such as modeling and optimization, stochastics, statistics. 1
2. Design and develop appropriate analytical solution strategies for problems in integrated production and service systems involving human capital, materials, information, equipment, and energy. 2
3. Implement solution strategies on a computer platform for decision-support purposes by employing effective computational and experimental tools. 2
1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4
2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 5
3. Recognize how incentives shape the behavior of individuals and organizations. 5
4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5
5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5
Update Date:
ASSESSMENT METHODS and CRITERIA
Percentage (%) | |
Final | 30 |
Midterm | 30 |
Homework | 30 |
Other | 10 |
RECOMENDED or REQUIRED READINGS
Readings |
Luis Cabral, Introduction to Industrial Organization,Second Edition, 2017 |