| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT638 | PRICE THEORY AND APPLICATIONS | Compulsory | 1 | 2 | 5 |
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| Level of Course Unit |
| Second Cycle |
| Objectives of the Course |
| The dynamics of prices inform on the functioning of the supply chain, as well as on the relationships linking differentiated markets. In other terms, by analyzing price dynamics, several conclusions can be made on the characteristics and the functioning of the markets. We summarize research on spatial and vertical price dynamics. |
| Name of Lecturer(s) |
| Prof. Dr. Seval MUTLU ÇAMOĞLU |
| Learning Outcomes |
| 1 | Based on empirical investigations, several policy implications are derived in terms of efficacy and effectiveness of policy measures, or interventions on trade policies. |
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| Mode of Delivery |
| Formal Education |
| Prerequisites and co-requisities |
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| Recommended Optional Programme Components |
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| Course Contents |
| Price dynamics, market integration, spatial arbitrage |
| Weekly Detailed Course Contents |
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| 1 | Price dynamics | | | | 2 | Price integrations | | | | 3 | Partial arbitrage | | | | 4 | Vertical integration | | | | 5 | Price Policies | | | | 6 | Price Policies | | | | 7 | substitution & income effects of price changes | | | | 8 | Group behavior and pricing (Non-collusive oligopoly models, collusive oligopoly concepts); | | | | 9 | Futures market | | | | 10 | Analysis of price differences and variability; marketing margins, price variations through time | | | | 11 | Price predictions and modelling | | | | 12 | Domestic Versus International Market Integration | | | | 13 | Dynamics of Commodity Prices: The Cobweb Model | | | | 14 | Competition in Markets | | |
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| Recommended or Required Reading |
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| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | |
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| Workload Calculation |
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| Midterm Examination | 1 | 2 | 2 |
| Final Examination | 1 | 2 | 2 |
| Attending Lectures | 14 | 3 | 42 |
| Discussion | 14 | 1 | 14 |
| Case Study | 5 | 2 | 10 |
| Report Preparation | 4 | 4 | 16 |
| Report Presentation | 4 | 3 | 12 |
| Self Study | 14 | 1 | 14 |
| Individual Study for Mid term Examination | 7 | 2 | 14 |
| Individual Study for Final Examination | 14 | 1 | 14 |
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| Contribution of Learning Outcomes to Programme Outcomes |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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