| Course Description |
|
| Course Name |
: |
Price Analysis |
|
| Course Code |
: |
TE-540 |
|
| Course Type |
: |
Optional |
|
| Level of Course |
: |
Second Cycle |
|
| Year of Study |
: |
1 |
|
| Course Semester |
: |
Spring (16 Weeks) |
|
| ECTS |
: |
6 |
|
| Name of Lecturer(s) |
: |
Asst.Prof.Dr. TUNA ALEMDAR
|
|
| Learning Outcomes of the Course |
: |
To be able to identify factors causing price fluctuation in agricultural commodities
to be able to make fundamental price analyses by employing economic theory and statistical techniques; to be able to interprete annual and seasonal changes in agricultural price commodities; to be able to make price forecasts
to be able to make technical price analyses and price forecasts by employing historical data and statistical techniques
|
|
| Mode of Delivery |
: |
Face-to-Face |
|
| Prerequisites and Co-Prerequisites |
: |
None |
|
| Recommended Optional Programme Components |
: |
None |
|
| Aim(s) of Course |
: |
Understanding factors affecting agricultural commodity prices; being able to annual and seasonal changes in prices; making future price estimations |
|
| Course Contents |
: |
Analysis of price movements in agricultural and food commodities; relations between agricultural commodity, related input prices and general price level, price indices and parities; derivative demand; supply response; classification and measurement of characteristic price movements; trends; seosonal fluctiations; conjunctural price movements; temporary and irregular price movements; relations between time series; qualitative analysis of supply and demand; vertically and horizontally related markets |
|
| Language of Instruction |
: |
Turkish |
|
| Work Place |
: |
Class |
|
|
Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
|
1 |
Price analyses and price indices; Laspeyres and Paasche price indices |
Related sections of course notes and resources suggested |
Lecture |
|
2 |
Fundamental analysis: demand as one of the factors determining price; demand estimation equations; income and substitution effects on demand; consumer theory and market demand |
Related sections of course notes and resources suggested |
Lecture |
|
3 |
Marketing margins and derivative demand; relations between various elasticity measures; homogenity, symmetry and Engel aggregation conditions |
Related sections of course notes and resources suggested |
Lecture |
|
4 |
Fundamental analysis: Supply as one of the factors determining price; supply estimation equations; factors determining supply |
Related sections of course notes and resources suggested |
Lecture |
|
5 |
Technical analysis: price time series; trend; seasonal fluctuations; conjunctural fluctuations; unexpected (irregular) events |
Related sections of course notes and resources suggested |
Lecture |
|
6 |
Technical analysis: moving averages method |
Related sections of course notes and resources suggested |
Lecture |
|
7 |
Trend equations |
Related sections of course notes and resources suggested |
Lecture |
|
8 |
Seasonal fluctuations |
Related sections of course notes and resources suggested |
Lecture |
|
9 |
Conjuntural analyses |
Related sections of course notes and resources suggested |
Lecture |
|
10 |
MIDTERM EXAM |
Related sections of course notes and resources suggested |
Written exam |
|
11 |
Supply response; distributed lag models |
Related sections of course notes and resources suggested |
Lecture |
|
12 |
Vertically and horizontally related markets |
Related sections of course notes and resources suggested |
Lecture |
|
13 |
Cobweb Theorem |
Related sections of course notes and resources suggested |
Lecture |
|
14 |
Hedonic price analysis |
Related sections of course notes and resources suggested |
Lecture |
|
15 |
General overview |
Related sections of course notes and resources suggested |
Lecture |
|
16/17 |
FINAL EXAM |
All course notes, slides and resources |
Written exam |
|
|
|
Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Course notes and slides prepared and regularly updated by the instructor
Güneş T. ve R. Arıkan (1988) Tarım Ekonomisi İstatistiği Ankara Üniversitesi Ziraat Fakültesi Yayınları No:1049 Ders Kitabı:305, Ankara (in Turkish)
Shepherd, G.S. (1972) Agricultural Price Analysis, Iowa State University Press, Ames, Iowa
Thomsen F.L. and Foote R.J. (1952) Agricultural Prices, Second Edition, McGraw-Hill Book Company Inc.
Tomek W. G., and Robinson K.L., (1991) Agricultural Product Prices, Third Edition, Cornell University Press
|
| |
| Required Course Material(s) | |
|
|
| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Able to further develop and deepen knowledge acquired based on the undergradute level proficiencies in the fields of farm management and agricultural policy |
3 |
|
2 |
Able to comprehend interactions among related disciplines and field of agricultural economics |
0 |
|
3 |
Able to use theoretical and practical knowledge of agricultural economics in their specialization area |
3 |
|
4 |
Able to prepare reports on developments in national economy and agricultural sector; able to critically evaluate historical and actual developments in agriculture and economy; able to observe and interpret economics related publications |
0 |
|
5 |
Able to use software widely used in agricultural economics |
0 |
|
6 |
Able to combine data of actual developments with his knowledge, data and findings obtained in various disciplines and interpret them while supporting them with qualitative and quantitative data and also forming new knowledge through synthesis |
4 |
|
7 |
Ability to take the lead in multidisciplinary teams and work in teams |
5 |
|
8 |
Able to critically evaluate specialized knowledge and abilities acquired in agricultural economics and direct his/her own learning process |
0 |
|
9 |
Able to transfer research results using verbal, written and visual tools |
0 |
|
10 |
Able to develop analytical approaches in order to solve complicated problems that cannot be forecast beforehand in applications of agricultural economics and policy; able to design research process; able to produce solutions by taking on responsibility and to evaluate and justify solutions |
0 |
|
11 |
Constantly adapt himself to new scientific developments |
0 |
|
12 |
Able to use acquired and digested agricultural economics knowledge in multidisciplinary studies, able to explain them, to transfer them to others, able to examine conclusions critically |
0 |
|
13 |
Able to collect data according to scientific methods in order to solve economic problems, able to supervise and interprete data collected while taking into consideration social, scientific and ethical values |
0 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
|
|