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Presentation
Presentation
The course unit aims to provide students with an understanding of state intervention in the economy and the role of market regulation, fostering knowledge of regulatory instruments, the applicable legal framework, and competition law.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 5
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Year | Nature | Language
Year | Nature | Language
3 | Optional | Português
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Code
Code
ULP7018-7321
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
1. Regulation in Portugal 1.1. Independent regulatory entities 1.2. Legal framework and statutes 2. Economic Regulation 2.1. The concept of economic regulation 2.1.1. Models of public intervention 2.1.2. Theories of regulation 2.1.3. Market failures 2.1.4. Instruments of public intervention 2.2. Regulation of (natural) monopolies 2.2.1. Concept of natural monopoly 2.2.2. Regulatory instruments 2.2.3. Public participation 2.2.4. Competition for the market 2.3. Asymmetric information 2.3.1. Types of asymmetric information 2.3.2. Asymmetric information and regulation 3. Competition Rules 3.1. Competition law 3.2. Anti-competitive agreements 3.3. Abuse of dominant position 3.4. Analysis of concentrations and mergers
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Objectives
Objectives
Throughout the last century, state intervention in modern capitalist economies has increasingly approached the model of the Regulatory State, which advocates for private initiative while recognizing the need for intervention and regulation of markets. In this course, students are expected to understand this reality, recognize situations in which the state intervenes as a regulator, and become familiar with the instruments available for such intervention. Specifically, students are expected to develop the following competencies: - Understanding the types of state intervention in the economy - Identifying market failures and regulatory instruments - Understanding the legal framework for intervention by regulatory entities and their statutes - Understanding the relationship between the regulatory entity and the regulated entity and the financial reporting parameters - Knowledge of competition law and its framework of application
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Teaching methodologies
Teaching methodologies
The course is taught with a theoretical-practical philosophy, alternating the presentation of theoretical concepts with discussions of real situations or numerical exercises. Reading of fundamental texts in the taught scientific area is promoted through a guided reading methodology.
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References
References
Confraria, J. (2010). Regulação e concorrência: Desafios do século XXI (2a ed.). Economia Colecção: Campus do Saber, No. 10. Noll, R. G. (1989). Economic perspectives on the politics of regulation. In R. Schmalensee & R. D. Willig (Eds.), Handbook of industrial organization (Vol. 2, pp. 1253-1287). North Holland. Braeutigam, R. R. (1989). Optimal policies for natural monopolies. In R. Schmalensee & R. D. Willig (Eds.), Handbook of industrial organization (Vol. 2, pp. 1289-1346). North Holland. Viscusi, W. K., Vernon, J. M., & Harrington, J. E. (1995). Economics of regulation and antitrust. MIT Press. Baldwin, R., Cave, M., & Lodge, M. (2011). Understanding regulation: Theory, strategy, and practice (2nd ed.). Oxford University Press. Bishop, S., & Walker, M. (2010). The economics of EC competition law: Concepts, application and measurement (3rd ed.). Sweet & Maxwell.
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Assessment
Assessment
Descrição dos instrumentos de avaliação (individuais e de grupo) ¿ testes, trabalhos práticos, relatórios, projetos... respetivas datas de entrega/apresentação... e ponderação na nota final.
Exemplo:
Descrição
Data limite
Ponderação
Teste de avaliação
dd-mm-yyyy
30%
Portfolio
dd-mm-yyyy
40%
(...)
Adicionalmente poderão ser incluídas informações gerais, como por exemplo, referência ao tipo de acompanhamento a prestar ao estudante na realização dos trabalhos; referências bibliográficas e websites úteis; indicações para a redação de trabalho escrito...
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Mobility
Mobility
No
