Information Package / Course Catalogue
Price Analysis
Course Code: ZTE502
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: None
Theory: 2
Prt.: 2
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

The main aim of this course is to provide to the students with gaining facilities on quantitative measurement of effecting factors on prices of agricultural and natural resources, seasonal and periodical volatility, index measurements of price and quantitative variables, theory and practice skills for the principles of consumer behaviour.

Course Content

This course provides a basic road and a detailed analysis intended for defining the prices as quantitatively for agricultural products. The students can learn measurement of variations on the prices of agricultural products and also the factors that have impacts on those variations. At the same time, the students can comprehend the analysis of historical price volatility and the forecasting of future prices based on price formation.

Name of Lecturer(s)
Learning Outcomes
1.To be able to have a thorough and applicable knowledge of the forces that impact prices in commodity markets
2.To be able to implement economic theory and analytical thinking to recover and solve real-world problems in commodity price analysis
3.To be able to present the importance and complexity of price analysis in commodity markets
4.To be able to gain forecasting skills intended for the future via making price analysis in agricultural products
5.Evaluation of the effects of agricultural policies on agricultural markets
Recommended or Required Reading
1.Dinler, Z., 1996. Mikro İktisat. Ekin kitapevi, Bursa.
2.Tsakok, I., 1990. Agricultural price policy: a practitioner’s guide to partial-equilibrum analysis. Cornell University Press.
3. Ferris, J., 2005. Agricultural prices and commodity market analysis. Michigan State University Press.
4.Norwood, F.B., Lusk, J.L., 2008. Agricultural marketing and price analysis. Oklahoma State University, Pearson Prentice Hall.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduce to scope of the course, reason and available references
Week 1 - Preparation Work
Reading book – literature review
Week 2 - Theoretical
Basic price analysis: identification of supply, demand and market equilibrium concepts
Week 2 - Preparation Work
Reading book – literature review
Week 3 - Theoretical
Advanced price analysis: determination of supply and demand elasticity
Week 3 - Preparation Work
Reading book – literature review
Week 4 - Theoretical
Advanced price analyses in perfect and imperfect competition markets
Week 4 - Preparation Work
Kitap okuma – kaynak tarama
Week 5 - Theoretical
The concepts on price volatility, market structures and market shock
Week 5 - Preparation Work
Learning of using Excel computer program
Week 6 - Theoretical
Annual and seasonal price volatility in agricultural products
Week 6 - Preparation Work
Learning of using Excel computer program
Week 7 - Theoretical
The importance of index and using of it on analyses in the sense of agricultural price analyses
Week 7 - Preparation Work
Reading book – literature review
Week 8 - Theoretical
Food marketing channels and transmission of the costs consisted of throughout these channels
Week 9 - Theoretical
The techniques of empirical agricultural price analysis; the forecasting of prices employing with time series, hedonic price analysis
Week 9 - Preparation Work
Reading book – literature review
Week 10 - Theoretical
The management of prices by way of future markets and hedging
Week 10 - Preparation Work
Reading book – literature review
Week 11 - Preparation Work
Reading book – literature review
Week 12 - Theoretical
Determination of strategic price and pricing scheme
Week 12 - Preparation Work
Reading book – literature review
Week 13 - Theoretical
Identification of consumer behaviour theory, the concepts on decision making process and willing to pay
Week 13 - Preparation Work
Reading book – literature review
Week 14 - Theoretical
Introducing to precise research methods and models intended for defining of consumer behaviours
Week 14 - Preparation Work
Reading book – literature review
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142256
Lecture - Practice142256
Midterm Examination116117
Final Examination120121
TOTAL WORKLOAD (hours)150
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
OÇ-1
5
4
4
5
2
2
1
2
3
3
OÇ-2
5
5
5
4
3
2
2
4
4
3
OÇ-3
4
5
5
4
3
2
1
OÇ-4
5
5
5
5
3
2
1
3
3
2
OÇ-5
5
Adnan Menderes University - Information Package / Course Catalogue
2026