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Course Code: 
ECON 412
Course Type: 
Area Elective
Course Language: 
Course Coordinator: 
Courses given by: 
Course Objectives: 

Many aspects of industrial organization analysis is controversial. At bottom, the debate turns on ideological value judgments as to the proper role of government. Free and unfettered markets fail, and how seriously they fail is a matter of dispute. We will attempt to provide a balanced assessment in this course.

Course Content: 

In its mainstream, industrial organization is concerned with how productive activities are brought into harmony with the demand for goods and services through some organization mechanism such as free market, and how variations and imperfections in the organizing mechanism affect the succes achieved in satisfying an economy's wants. Primary emphasis will be placed on the manufacturing and mineral extraction sectors of industrialized economies, with secondary emphasis on wholesale and retail distribution, services, transportation and the public utilities sectors. For a variety of reasons, markets may fail, then the government agencies may choose to intervene and attempt to improve performance by applying policy measures. Costs, investments, prices and outputs can be influenced by taxes and subsidies.  

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion.
Course Evaluation Methods: 
A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes Program Learning Outcomes Teaching Methods Assessment Methods
Be able to understand the welfare economics of competition and monopoly 1,4,5 1,2,3 A
Be able to understand the determinants of market structure 1,4,5 1,2,3 A
Be able to understand the strategic games in oligopolistic markets 1,4,5 1,2,3 A
Be able to understand the dynamics of monopoly and oligopoly pricing  1,4,5 1,2,3 A

Course Flow

  Topics Study Materials
  Scope and Method of Industrial Organization Analysis Chapter 1
  The Welfare Economics of Competition and Monopoly Chapter 2
  The Welfare Economics of Competition and Monopoly Chapter 2
  Industry Structure Chapter 3
  Industry Structure Chapter 3
  Economic Theories of Oligopoly Pricing Chapter 6
  Economic Theories of Oligopoly Pricing Chapter 6
  Conditions Facilitating/Limiting Oligopolistic Coordination Chapter 11
  Product Differentiation, Market Structure and Competition Chapter 13
  Barriers To Entry Chapter 14
  Barriers To Entry Chapter 14
  Market Structure, Patents and Technological Innovation Chapter 17

Recommended Sources

Textbook Scherer, F. M. and  Ross, D.  (1990)  Industrial Market Structure and Economic Performance, Houghton Mifflin Co., Boston
Additional Resources Clarke, R. (1985) Industrial Economics, Blackwell, Oxford UK and Cambridge USA

Material Sharing

Documents A list of suggested academic articles will be provided at the beginning of the course.


Mid-terms 1 100
Quizzes (attendance, presentation, etc.) 0 0
Assignments 0 0
  Total 100
Contribution of Final Examination to Overall Grade   60
Contribution of In-Term Studies to Overall Grade   40
  Total 100
Course Category  

Course’s Contribution to Program

No Program Learning Outcomes Contribution
    1 2 3 4 5
1 1. Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.   X      
2 2. Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems. X        
3 3. Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.          
4 4. By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.       X  
5 5. Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.         X
6 6. Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.       X  
7 Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the  social development and global competitiveness.       X  


Activities   Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)   14 3 42
Hours for off-the-classroom study (Pre-study, practice)   14 3 42
Mid-terms   1 20 20
Quizzes (attendance, presentation, etc.)   0 0 0
Assignments   0 0 0
Final Examination   1 21 21
Total Work Load       125
Total Work Load / 25 (s)       5
ECTS Credit of the Course       5