Course Code & Number
ECON 492
Course Title
Economics of Regulation and Antitrust
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: NONE
Co-requisites: NONE
Catalog Description
Role of goverment in the economy. Antitrust and regulations as forms of government interventions. The causes and results of intervention.
Course Objectives
This course provides an overview and introduction to government intervention in markets. The course focuses on antitrust and regulations as forms of government intervention. The course presents the economic rationale for government intervention in markets; when government intervention can "improve" the market outcome and that the benefits from intervening may not always outweigh the costs imposed by the intervention.
Software Usage
Students will use MS Office applications (Word, Excel, Access, Powerpoint) to work on their weekly assignments about 4 hours a week.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Describe how government action relates to efficiency and equity of a political-economic system.
2. Discuss policies such as rent and price controls, natural monopoly regulation, criminal deterrence, and antitrust law.
3. Predict how laws and government regulations generate economic incentives and assess how those incentives affect social welfare.
4. Identify conditions under which government action can improve the efficiency and equity of a political-economic system.
5. Analyze the justification for and the consequences of such policies as rent and price controls, natural monopoly regulation, criminal deterrence, and antitrust law.
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Collaborating
Case Study/Scenarion Analysis
Guest Speakers
Web Searching
Assessment Methods and Criteria:
Test / Exam
Quiz
Presentation (Oral/Poster)
Assessment Methods and Criteria Others:
Recommended Reading
1. Kwoka. J. E. Jr., and L. W. White, eds., The Antitrust Revolution. 4th edition, Oxford University Press, Oxford, 2004.
Required Reading
1. Viscusi. K. W., J. Harrington and J. M. Vernon, Economics of Regulation and Antitrust. 4th edition, MIT Press, Boston, 2005.
Learning Activities and Teaching Methods Others:
Course & Program Learning Outcome Matching:
