Information Package / Course Catalogue
Industrial Economics
Course Code: ECON311
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The Industrial Economics course aims to provide students with a detailed understanding of market structures and firm behavior. By analyzing different types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly), this course enables students to learn how firms make strategic decisions in these markets. In addition, topics such as game theory, R&D and innovation processes, technological change and competition policies are covered to develop students' ability to apply and analyze economic theories in practice. In this way, students will be able to integrate theoretical knowledge with real-world applications.

Course Content

Industrial Economics course focuses on the analysis of market structures and firm behavior. Different types of markets such as perfect competition, monopoly, monopolistic competition, oligopoly and monopolistic competition are discussed and the strategic decisions of firms in these markets are analyzed. Topics such as game theory, R&D and innovation processes, technological change and competition policies are covered to develop students' ability to apply and analyze economic theories in practice.

Name of Lecturer(s)
Learning Outcomes
1.Students will be able to analyze the structure of markets and the behavior of firms by learning the basic concepts and theories of industrial economics.
2.Students will be able to analyze the characteristics of different market structures (perfect competition, monopoly, monopolistic competition, oligopoly) and the strategic behavior of firms in these structures.
3.Students will be able to learn the basic concepts of game theory and strategic behavior and understand how these theories are applied to firms' competitive strategies.
4.Students will be able to evaluate the effects of research and development (R&D) activities, innovation processes and technological changes on industrial competition.
5.Students will be able to analyze the objectives, instruments and economic effects of market regulations and competition policies.
Recommended or Required Reading
1.Yıldırım, K. (2021). Endüstriyel Ekonomi. Nisan Kitabevi.
2.Türkcan, B. Akseki U. (2019). Endüstri 4.0 ve Türkiye Ekonomisi. Orion Kitabevi.
3.Hay, D. A. Morris, D. J. (1991). Industrial Economics: Theory and Evidence. Oxford University Press.
4.Barthwal, R.R. (2021). Industrial Economics: An Introductory Textbook. New Age International Publishers.
Weekly Detailed Course Contents
Week 1 - Theoretical
Definition and Scope of Industrial Economics: Basic Concepts and Historical Development
Week 2 - Theoretical
Market Structures and Basic Concepts
Week 3 - Theoretical
Firm Behavior, Profit Maximization, Cost Minimization, Pricing and Competitive Strategies
Week 4 - Theoretical
Oligopoly market theories and Competition, Cournot, Bertrand and Stackelberg models
Week 5 - Theoretical
Game Theory and Strategic Behavior, Application of game theory to industrial economics
Week 6 - Theoretical
Market Entry Barriers and Market Entry Strategies of Firms
Week 7 - Theoretical
Relationship between Market Structure and Performance, Measuring Industrial Performance
Week 8 - Theoretical
Horizontal and Vertical Integration, the effects of these strategies on firms
Week 9 - Theoretical
R&D Activities, Innovation and Technological Change, the effects of these processes on the industry
Week 10 - Theoretical
Types of Regulation, Competition Policy Objectives and Instruments
Week 11 - Theoretical
Characteristics of Natural Monopolies and Effects of Public Policies on Natural Monopolies
Week 12 - Theoretical
Industrial Structure and Competition Policies in Turkey, Competition Authority
Week 13 - Theoretical
Industrial Economics and International Trade, Globalization and industrial dynamics
Week 14 - Theoretical
Current industrial economics issues, Case studies and case analysis
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination120121
Final Examination130131
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
4
4
4
3
4
3
3
4
2
3
4
4
OÇ-2
4
4
4
3
4
3
2
4
2
3
4
4
OÇ-3
4
4
4
3
3
3
2
4
2
3
4
4
OÇ-4
4
4
4
3
4
3
3
4
2
3
4
4
OÇ-5
4
4
4
3
3
3
3
4
2
3
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026