Nottingham University Business School
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Economics of Regulation and Competition Policy

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N13430

Semester: Spring

Convenor: Michelle Haynes

Credits & Level: 10 credits; Level 3

Pre-requisites: N12445 (Economics of Pricing and Decision Making) or similar appoved modules from the School of Economics.

Co-requisites: None.

Target Students: Available to Part II students with the required pre-requisite N12445 Economics of Pricing and Decision Making or similar appoved modules from the School of Economics

Delivery: 11 ninety-minute lectures, 2 sixty-minute seminars

Assessment: One 2-hour examination (100%)

Exam Format:Section A: Answer ONE question from a choice of THREE. Section B: Answer ONE question from a choice of THREE. All questions carry equal marks.

Summary of Content This module covers the two broad areas of regulation and competition policy. Topics covered include natural monopoly regulation; retail price control; access pricing; universal service obligations; public policy on inter-firm agreements and restrictive practices; abuse of monopoly power and merger control.

Aims To develop an understanding of the main issues relating to the regulation of industries and competition policy, and to apply economic reasoning in a critical manner to regulated industries and competition policy cases.

Key Words: Regulation, competition policy, privatised industries.

Learning Objectives & Outcomes Professional practical skills
This module develops:
  • Ability to apply economic models to economic problems and phenomena.
Knowledge and understanding (Industrial Economics)
This module develops a knowledge and understanding of:
  • The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
  • Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use

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