TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	-
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Understand reasons for and methods of public regulation of industries.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	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 Ways of Application of Public Regulations 3rd Week Regulation of Antitrust 4th Week Efficeny and Technologic Improvement 5th Week Market Structure and Strategic Competition 6th Week Critical Regulation Theories 7th Week Natural Monopoly and Regulation 8th Week Regulation of Electricity Industry 9th Week Midterm 10th Week Regulation of Telecommunications Industry 11th Week Regulation of Petroleum and Natural Gas Industry 12th Week Regulation of Transportaiton Industry: Road and Airline Transportation 13th Week Regulation of Banking and Financial Markets 14th Week Regulation of Potentially Competitive Industries 15th Week Regulation of Health, Security and Environment
RECOMENDED OR REQUIRED READING	W. Kip Viscusi, John M. Vernon and Joseph E. Harrigton, Jr.,Economic of Regulation and Antitrust. Cambridge; MASS: The MIT Press, 1995. R. Posner( 1974), "Economic Theories of Regulation", Bell Journal of Economics and Management Science. B. Depoorter, "Regulation of Natural Monopoly", Encyclopedia of Law and Economics. G. Tullock (2000), "Public Choice: A Premier", IEA Readings no: 51 U. Zenginobuz ve S. Uğur (2001) ,"Türkiye Elektrik Sektöründe Yeniden Yapılanma Özelleştirme ve Regülasyon", içinde TESEV, Devletin Düzenleyici Rolü. İstanbul. P. Joskow (1997), "Restructuring, Competition and Regulatory Reform in the US. Electricity Sector", Journal of Economic Perspectives, Vol. 11, No.3, 119-138. K. Yılmaz (2001), "Türk Telekomünikasyon Sektörinde reform", içinde, TESEV, Devletin Düzenleyici Rolü. İstanbul.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Quiz 1 10 Total(%) 50 Contribution of In-term Studies to Overall Grade(%) 50 Contribution of Final Examination to Overall Grade(%) 50 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload 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) Final exam 1 1 1 Homework Total Workload 150 Total Workload / 30 5 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No