| Language of Instruction |
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| Course Type |
Elective |
| Course Level |
Bachelor Degree |
| Course Instructor(s) |
Bilge ÖZTÜRK GÖKTUNA
goktunabilge@gmail.com (Email)
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| Assistant |
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| Objective |
The course aims at familiarising students with different market structures and analysing the relationship betwen strategic behaviour and market structure.
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| Content |
The course offers micro-economic and game-theoretic analyses of market structure and performance of industries starting with the analysis of a wide variety of noncompetitive market structures (such as the monopoly, various types of oligopolies competing according to Cournot, Bertrand, sequential moves, and location) in markets for homogeneous and differentiated products. The course proceeds with the analysis of entry barriers, entry deterrence and mergers.
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| Course Learning Outcomes |
1. Strategic approach to the market
2. Analysis of behaviour of agents
3. Technical formulation of market structures
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| Teaching and Learning Methods |
We expect students to conceive formally market structures using game theoretic models during the lectures and study these structures doing homework exercises outside class.
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| References |
Shy, Oz. Industrial Organization: Theory and Applications, The MIT Press, 1996
Greer, D. Industrial Organization and Public Policy, 3rd ed. MacMillan, 1992.
Motta, M. Competition Policy. Cambridge University Press, 2004. Pepall, L., Richards, D., and Norman, G. Industrial Organization.
Thomson South-Western, 1999.
Tirole, J. The Theory of Industrial Organization. MIT Press, 1988.
Waldman, D. & E. Jensen. Industrial Organization, 3rd edition. Pearson- Prentice Hall, 2007.
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