sap course 1429295047

Course Code & Number:

ECON 492

Course Title:

Economics of Regulation and Antitrust

Level of Course:

BS

Credits:

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Catalog Description:

Role of goverment in the economy. Antitrust and regulations as forms of government interventions. The causes and results of intervention.

Pre-requisites & Co-requisites:

Pre-requisites: NONE
Co-requisites: NONE
Year of Study: 
Senior
Semester: 
Spring
Mode of Delivery: 
Face-to-face
Language of Instruction: 
English
Course Type: 
Elective
Required Reading: 
1. Viscusi. K. W., J. Harrington and J. M. Vernon, Economics of Regulation and Antitrust. 4th edition, MIT Press, Boston, 2005.
Course Objective: 

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.

Extended Description: 

Market Structure. Economic Efficiency. Social Welfare. Price Discrimination. Predation. Cartelization. Horizontal Merger. Vertical Integration. Rationale for Antitrust and Regulations. Measuring Firm Performance. Antitrust. Collusion. Market Structure. Horizontal Mergers. Monopoly Behavior. Vertical Restraints. Industry Regulation. Social Regulation. Workplace Safety. Product Safety. Food Safety. Health, Safety, And Environmental Regulation. Regulatory Institutions and Franchises.

Computer Usage: 
Students will use MS Office applications (Word, Excel, Access, Powerpoint) to work on their weekly assignments about 4 hours a week.
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. 

Planned 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/Homework
Presentation (Oral/Poster)

Student Workload:

Quizzes /Homeworks
40
hrs
Midterm Exam 1
16
hrs
Final Exam
16
hrs
Research Review
24
hrs

Prepared By:

Jülide Yıldırım Öcal

Revised By:

sap_editor