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
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)