Topics in Economic Regulation - JEB138

• Title: Topics in Economic Regulation
• Czech title: Topics in Economic Regulation
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2016
• Semester: winter
• E-Credits: 2
• Examination process: winter s.:written
• Hours per week, examination: winter s.:5/0, Ex [HS]
• Capacity: unknown / unknown (unknown)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: cancelled
• Language: English
• Teaching methods: full-time
• Teaching methods: full-time
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: PhDr. Lenka Šťastná, Ph.D.

Annotation

Last update: PhDr. Lenka Šťastná, Ph.D. (30.10.2014)

The mini-course JEB138 Topics in Economic Regulation will be taught by prof. Maria Rita Martins from the University of Coimbra, Portugal.

There will be 2 sessions (each having 2 lectures):

1. Wednesday November 12, 17:00-19:50 in room 314
2. Thursday November 13, 15:30-18:20 in room 109

Aim of the course

Last update: PhDr. Lenka Šťastná, Ph.D. (01.11.2014)

The objective of this course is to show the relevance of regulation in markets where competition "fails" and to illustrate some specific forms of government regulatory intervention and its implications. In this course we will start by reviewing firm behavior and the theory of the market, looking at competitive markets as our "benchmark" in terms of efficiency. Then we will study the market failures and other reasons behind economic regulation. We will then study "economic" regulation, focusing on the behavior of natural monopolies and regulatory options for dealing with them. In the last part of the course, we will discuss economic regulations of utilities and, in particular, we will analyse the practice of economic regulation in the water industry.

Course completion requirements

Last update: PhDr. Lenka Šťastná, Ph.D. (30.10.2014)

There will be a written exam on Friday November 14, from 12:30 in room 109.

Syllabus

Last update: PhDr. Lenka Šťastná, Ph.D. (01.11.2014)

1. Introduction to Economic Regulation

2. Motivation behind economic regulation

3. Potential instruments for regulation

4. Goals of regulation

6. Models of regulation of utilities

5. Regulation of natural monopolies

7. Regulation of the water industry