The principle of this course is to put forward how and why governments intervene into the markets. Firstly some basic microeconomics concepts will be introduced. Then the course will be all about the real economic life and market structures. The students will learn the basics of competition law, specifically we will talk about cartels, monopolies and mergers. The course will cover lots of real world cases from EU/US and especially from Turkey.

Firm behavior in imperfectly competitive markets; how governments regulate competition; market power; market structures, industry analysis, demand-supply; market concept in competition, entry, exit barriers, price discrimination, monopoly, market power, cartels, integration and integration regulation; privatization, vertical integration.