Checking date: 21/12/2021


Course: 2022/2023

Regulation and competition policy
(16993)
Study: Bachelor in Philosophy, Politics and Economics (283)


Coordinating teacher: SIOTIS , GEORGIOS

Department assigned to the subject: Department of Economics

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Objectives
Through this course, the student will learn the principles and mechanisms that govern regulatory intervention and antitrust policies. To achieve this objective, the student must acquire knowledge and skills. With regard to content, at the end of the course the student will be able to: - Identify market failures and structural characteristics that motivate regulatory intervention. - Understand the design of regulatory mechanisms. - Identify the trade-off between maximizing productive efficiency and minimizing income in the presence of asymmetric information. - Understand the concepts of collusion, collective dominance, and individual dominance position. - Define the relevant market in order to carry out a competitive analysis. - Be familiar with the European legal and institutional framework applicable to competition (Art. 81 & 82, Merger regulations, state aid) - Understand the trade-off between efficiency gains and the creation of market power. The skills that the student will acquire at the end of the course are of two types: specific capacities and generic skills. As specific abilities, the student will be able to: - Analyze sector experiences and propose regulatory solutions to real problems. - Obtain information on legislation and real cases, both European and national. As general skills, the student will learn to: - Solve complex problems from an analytical point of view. - Search, communicate relevant information in an analysis or decision-making process. - Apply multidisciplinary knowledge to the resolution of a specific problem. - Work as a team and distribute the workload to face complex problems. Regarding attitudes, the student should acquire: - A critical attitude regarding regulatory intervention and competition policy. - An attitude of collaboration and teamwork.
Skills and learning outcomes
Assessment System
  • % end-of-term-examination 50
  • % of continuous assessment (assigments, laboratory, practicals...) 50
Calendar of Continuous assessment
Basic Bibliography
  • J. Church y R. Ware . Industrial Organisation: A Strategic Approach,. McGraw-Hill . 2000
  • Lyons, B. . The Economic Analysis Cases in European Competition Policy . Cambridge University Press. 2009
  • Motta, M. Competition Policy: Theory and Practice,. Cambridge University Press. 2003
  • Viscusi, W. . Economics of Regulation and Antitrust, . MIT Press. 2005

The course syllabus may change due academic events or other reasons.