| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Students will be able to understand the causes of deviations from market efficiency (market failures)
- Students will be able to understand the reasons and methods of regulation of selected industries.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | The 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 |
Introduction |
|
2nd Week |
Market Efficiency and Failures |
|
3rd Week |
History of the Idea of Monopoly |
|
4th Week |
Natural Monopoly and Regulation |
|
5th Week |
Alternatives to Regulation |
|
6th Week |
Critical Theories of Regulation |
|
7th Week |
Midterm Exam |
|
8th Week |
Basics of Competition (Antitrust) Law and the Competition Law-Regulation Relationship |
|
9th Week |
Regulation of the Electricity Industry |
|
10th Week |
Regulation of the Electricity Industry |
|
11th Week |
Regulation of the Telecommunications Industry |
|
12th Week |
Regulation of the Telecommunications Industry |
|
13th Week |
Regulation of Financial Markets |
|
14th Week |
Regulation of Natural Gas Industry |
|
| Recommended or Required Reading | Regulating Public Services, Bridging the Gap between Theort and Practice,2021, Emmanuelle Auriol, Claude Crampes, Antonia Estache, Cambridge University Press |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Presentation
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
35 |
| Attendance |
1 |
20 |
| Total(%) |
|
55 |
| Contribution of In-term Studies to Overall Grade(%) |
|
55 |
| Contribution of Final Examination to Overall Grade(%) |
|
45 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
1 |
9 |
9 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
30 |
30 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
25 |
25 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
1 |
1 |
1 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 150 |
| Total Work Load / 30 (h) | 5 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
