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Course Information
Course Unit Title : Price Theory Applications
Course Unit Code : 01TRE5132
Type of Course Unit : Optional
Level of Course Unit : Second Cycle
Year of Study : Preb
Semester : 255.Semester
Number of ECTS Credits Allocated : 6,00
Name of Lecturer(s) : ---
Course Assistants :
Learning Outcomes of The Course Unit : Understanding price theory and its application to problems.
Explaining numerical and graphical representation of the points of equilibrium analysis.
understanding the formation of the prices of agricultural products in the face of price changes of supply and demand
analysing and commeting product price fluctuations by various methods.
Mode of Delivery : Face-To-Face
Prerequisities and Co-requisities Courses : Unavailable
Recommended Optional Programme Components : Unavailable
Course Contents : The concept of price, supply, demand changes and price formation, supply and demand elasticities, price theory and equilibrium analysis, agricultural product prices and input prices and general price level of the relationship between price indices and parity, price estimates, indirect demand, supply sensitivity, price movements characteristic of time series classification and measurement, long-term trends, factors of production and price analysis, agricultural products, annual and seasonal price fluctuations analysis, and analysis of prices in foreign trade, agricultural price policy intervention and analysis.
Languages of Instruction : Turkish-English
Course Goals : to teach price theory, equilibrium analysis,
to teach seasonal price fluctuations
Course Aims : Students will learn price theory, equilibrium analysis, and how to use analysis of price of products (year and seasonal price fluctuations)
WorkPlacement   Not Available
Recommended or Required Reading
Textbook : Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
Additional Resources : Güneş, T., Arıkan, R., 1988. Tarım Ekonomisi İstatistiği, A.Ü. Ziraat Fak. Yayın No: 1049, Ders Kitapları no:305, Ankara.
Dinler, Z., 1996. Mikro İktisat, Ekin kitapevi, Bursa.
William, G. T., Kenneth L.R., 2003. Agricultural Product Prices. Cornell Univ Pr Publisher, 428p.
Goodwin, J.W., 1994. Agricultural Price Analysis And Forecasting. John Wiley & Sons publisher, 368p.
Ferris, J., 2005. Agricultural Prices And Commodity Market Analysis . Michigan State University Press, 361p.
Material Sharing
Documents : Students are provided with the reference textbook at the beginning of semester
Assignments : prepare assigment about one of agricultural product prices (seasonal fluctuation)
Exams : Students are reminded about contents of past lectures through quizzes with a few questions. Success of students is evaluated through written exams with 6-7 questions both in mid-term and final.
Additional Material : -
Planned Learning Activities and Teaching Methods
Lectures, Practical Courses, Presentation, Seminar, Project, Laboratory Applications (if necessary)
ECTS / Table Of Workload (Number of ECTS credits allocated)
Student workload surveys utilized to determine ECTS credits.
Activity :
Number Duration Total  
Course Duration (Excluding Exam Week) :
14 2 28  
Time Of Studying Out Of Class :
14 1 14  
Homeworks :
1 50 50  
Presentation :
0 0 0  
Project :
0 0 0  
Lab Study :
0 0 0  
Field Study :
0 0 0  
Visas :
1 40 40  
Finals :
1 40 40  
Workload Hour (30) :
30  
Total Work Charge / Hour :
172  
Course's ECTS Credit :
6      
Assessment Methods and Criteria
Studies During Halfterm :
Number Co-Effient
Visa :
1 50
Quiz :
0 0
Homework :
1 50
Attendance :
0 0
Application :
0 0
Lab :
0 0
Project :
0 0
Workshop :
0 0
Seminary :
0 0
Field study :
0 0
   
TOTAL :
100
The ratio of the term to success :
40
The ratio of final to success :
60
TOTAL :
100
Weekly Detailed Course Content
Week Topics  
1 Concept of price
  Study Materials: Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
2 Changes in supply, demand and price formation, elasticities of supply and demand .
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
3 Agricultural products prices and input prices and the relationship between general price level.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
4 Price indices, price forecasting; indirect demand, supply and demand responsiveness.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
5 Production factors, price analysis, the classification and measurement of price movements .
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
6 Analysis of annual price fluctuations in agricultural product; long-term trends.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
7 Analysis of annual and seasonal price fluctuations in agricultural product; Trend analysis method, moving averages.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
8 Analysis of seasonal price fluctuations in agricultural products.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
9 Analysis of seasonal price fluctuations in agricultural; average method.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
10 Analysis of annual and seasonal price fluctuations in agricultural product; method of moving average.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
11 Analysis of annual and seasonal price fluctuations in agricultural product; Trend method.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
12 Analysis of annual and seasonal price fluctuations in agricultural product; case studies.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
13 Price in foreign trade and analysis.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.
14 Agricultural price policy intervention and analysis.
  Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 978-0-8014-4093-9, 448p.