LAW 503 Economics of Competition
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Competition law regulates the economic activities; but the operation of competition law has important differences
from what is traditionally called legal regulation or regulation. The regulation has a nature peculiar to industry.
Direct and regular determination of prices is related with product standards or barriers to entry to - exit from
the market. Competition law, on the other hand, has application that covers the whole economy. It focuses on
certain fundamental rules that aim good and efficient solutions for the society by enabling competitive
interaction among firms. Interventions of authorities and proceedings, which may come into question in case
of violation of these fundamental competition rules, are exceptional in nature. The main goal of this course is to introduce the theoretical approaches and basic techniques of economic analysis
to graduate students in Turkey, where subjects of competition law and policy have developed parallel to the
progressions in EU. The course language is English.
Credit units: 3 ECTS Credit units: 6.
Summer Semester (Halil Baha Karabudak)
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