Ecnomic Regulation and Markets
Part of this Programme
Level of Qualification|Semesters|ECTS
Master Degree | Semestral | 6
Year | Type of course unit | Language
1 |Mandatory |Português
Total of Working Hours | Duration of Contact (hours)
150 | 45
Recommended complementary curricular units
Prerequisites and co-requisites
1.1. Regulation and competition policy
1.2. The need to adjust
1.3. The importance of competition policy
2 . economic regulation
2.1. Definition of economic regulation
2.2. Theories of regulation
2.3. Forms and models of regulation
2.4. The regulatory process
3 . Regulation of natural monopolies
3.1. Characterization of natural monopolies
3.2. Price determination
3.3. Sustainability of natural monopolies and contestability
3.4. Evolution of regulation of natural monopolies
4 . Asymmetric information and regulation
4.1. Definition of asymmetric information
4.2. Response of markets to asymmetric information
4.3. Asymmetric information and regulation
4.4. Asymmetric information and incentives
5 . practical cases
5.1. Regulation in the energy sector
5.2. Regulation in the environmental sector
5.3. Regulation in the banking sector
6 . Competition policy
6.2. key Concepts
6.3 . Common forms of restrictive practices
Understanding the underlying economic analysis of regulatory policy and its practical application to business and industry. Understanding the regulatory problems in general and in particular those relating to energy and the environment.
In the scientific approach, creating a solid knowledge of the theory of regulation that complements the formation of the first cycle and sustain the requirement of the second half of specialization and future research.
Applied to create a competence in the development of regulatory measures, assessing their impacts and structured of regulatory institutions and their performance analysis perspective.
Knowledge, abilities and skills to be acquired
It is intended to ensure a solid grounding in economic theory of regulation, yet complementing training on markets already seized in the first cycle.
Teaching methodologies and assessment
Teaching theoretical and practical approach, with key concerns in the theoretical component.
The development of theoretical knowledge adopts an approach of exposure / discussion of key concepts that complements with proposals accompanied by reading basic texts.
The review will have a continuous component with doing a job with content and delivery dates to match students (30%) that is complemented with a final exam (70%).
W. Kip Viscusi, Joseph E. Harrington AND JOHN M. VERNON (2005). Economics of Regulation and Antitrust, 4th Edition.
J. Tirole (1988). The Theory of Industrial Organization, Cambridge MA: MIT Press.
S. Berg and j. TschIRHART (1988). Natural Monopoly Regulation: Principles and Practices, Cambridge University Press.
Jean-Jacques Laffont And Jean Tirole (1993). A Theory of Incentives in Procurement and Regulation. MIT Press.
Mark armstrong and david e. M. SappingtoN (2007). ¿Recent Developments in the Theory of Regulation¿ in Handbook of Industrial Organization, M. Armstrong and R. Porter eds., Chapter 27, Volume III, Amsterdam: North-Holland, 1557-1700.
Richard Schmalensee And Robert Willig (1989), Editors, Handbook of Industrial Organization. North-Holland.
Alfred e. Kahn (1988). The Economics of Regulation. MIT Press (First Published in 1970-1971).