Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

Versao Portuguesa

REGULAÇÃO ECONÓMICA - 2017/2018

3º curricular year
Semestralidade: 1st semester
ECTS: 6

Teachers

Leading Teacher: Prof. Doutor Vasco Leite

Class type and School hours

Teaching Language

Portuguese

Main Aims/Objectives

The aim of economic regulation is to understand how markets work after the implementation of legal instruments by the regulator. Thus, this course describes the various legal instruments of the regulatory policy and assesses its impact on the socio-economic objectives of the regulator, namely, the quantities produced, the prices charged, the quality of products and the conditions of competition.

Specific Aims/Objectives

The specific aims of this curricular unit are: (i) Study the instruments of economic regulation applied in the regulation of the different market structures, in particular, in the Monopoly and in the Oligopoly; (iI) Study national and international competition laws and their application in the different sectors of activity; (iii) Study how the different economic theories justify the intervention of the state in the regulatory process of economic and social activity.

Skills to be acquired

The competences to be acquired are: (i) Ability to apply the legal instruments for regulation of economic activity, in particular, in Oligopolies and Monopolies; (ii) Ability to criticize technical opinions produced by regulators; (iii) Ability to analyze economic regulation in key sectors ina an economy, such as: transport, energy, health and financial markets.

Teaching Procedures

Oral presentation through slides and practical cases.

Programme

1. Introduction
2. Monopoly, Oligopoly, Collusion and Antitrust Laws
3. Mergers and Acquisitions
4. The process and the instruments of regulation
5. Theories of regulation
6. Regulation of the natural monopoly
7. Regulation of public enterprises
8. Regulation of potentially competitive markets
9. Sectoral regulation
       9.1 Transportation
       9.2 Energy
       9.3 Health
       9.4 Financial markets
10. Environmental regulation

Evaluation Type

Two tests with a weight of 50% for each one of them.

Teaching Resources

Slides

Sustainability Objectives

Keywords

Economic Regulation, Market Structures, Antitrust.

Main Bibliography

Author Viscusi, W. Kip; Vernon, J. M.
Title Economics of Regulation and Antitrust
Edition 4ª edition
Place London
Editor MIT Press
Year 1998
Author Decker,C.
Title Modern Economic Regulation: An Introduction to The
Edition 1ª edition
Place Cambridge
Editor Cambridge University Press
Year 2015
Author Roger, J.V.D.B; Alessio, M. P.
Title Regulation and Economics
Edition Volume 9
Place Lansdown, Reino Unido
Editor Edward Elgar Publishing
Year 2012