Information Package

Master's of Economics with Thesis

ECON522

ECONOMICS OF REGULATION AND ANTITRUST

Course Code
ECON522
Semester
-
Theory+Practice
3 + 0
ECTS
10
Course TypeElective Course
Course LevelMaster's Degree With Thesis
Year of Study-
Semester-
ECTS10
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. are provided with an overview and introduction to government intervention in markets, can focus on the origins, aims, methods and effects of antitrust and regulations as forms of government intervention.
  2. can apply sound reasoning to actual legal cases or case studies in order to understand the reasons for regulation and antitrust, can determine when antitrust and/or regulation is an appropriate remedy.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThe main objective of this course is to introduce the role of government in markets where benefits of competitive markets i.e. equilibria can not be achieved. The course emphasizes the importance of market structure and industrial performance. Besides presenting the main issues of antitrust policy, the characteristics of specific industries and the role of the government regulation in these industries are also covered in detail.
Course Contents
WEEK TOPICS
1st Week Why Regulate? /Who controls whom?
2nd Week Monopolization
3rd Week Oligopoly and Collusion
4th Week Mergers and Acquisitions
5th Week Price Discrimination
6th Week Vertical Restraints and Advertising
7th Week Natural Monopoly Regulation
8th Week Midterm
9th Week Rate Cases and Optimal Pricing
10th Week Rate-of-Return Regulation/Regulatory Strategies and Alternatives
11th Week Regulation and Fairness
12th Week Industry Studies
13th Week Industry Studies : Telecommunications
14th Week Industry Studies: Electricity
Recommended or Required ReadingW.Kip Viscusi, John M. Vernon and Joseph E. Harrington, Economics Of Regulation And Antitrust, 2018.
Planned Learning Activities and Teaching Methods
  • Discussion
  • Lecture
  • Presentation
  • Problem Solving
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Assignment 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 2 2
Preparation for Quiz
Individual or group work 14 5 70
Preparation for Final exam 1 70 70
Course hours 14 3 42
Preparation for Midterm exam 1 60 60
Laboratory (including preparation)
Final exam 1 2 2
Homework 1 55 55
Total Work Load301
Total Work Load / 30 (h)10.03
ECTS Credit of the Course10
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2
K1 X
K2 X
K3
K4 X
K5 X
K6 X
K7 X
K8 X
K9 X
K10 X