

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 
: 
FaceToFace

Prerequisities and Corequisities 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, longterm 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 
: 
TurkishEnglish

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: 9780801440939, 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 67 questions both in midterm 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

:


Course Duration (Excluding Exam Week)

:


Time Of Studying Out Of Class

:


Homeworks

:


Presentation

:


Project

:


Lab Study

:


Field Study

:


Visas

:


Finals

:


Workload Hour (30)

:


Total Work Charge / Hour

:


Course's ECTS Credit

:



Assessment Methods and Criteria
Studies During Halfterm

: 

Visa

: 

Quiz

: 

Homework

: 

Attendance

: 

Application

: 

Lab

: 

Project

: 

Workshop

: 

Seminary

: 

Field study

: 




TOTAL

: 

The ratio of the term to success

: 

The ratio of final to success

: 

TOTAL

: 


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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 448p.

6

Analysis of annual price fluctuations in agricultural product; longterm trends.


Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 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: 9780801440939, 448p.

13

Price in foreign trade and analysis.


Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 9780801440939, 448p.

14

Agricultural price policy intervention and analysis.


Study Materials: "Tomek, W.G., Robinson, K.L., 2003. Agricultural Product Prices, Fourth Edition. Cornellpress, ISBN: 9780801440939, 448p.

























































































