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ECON-S421

The economics of regulation

academic year
2021-2022

Course teacher(s)

Salvador BERTOMEU SANCHEZ (Coordinator) and Antonio ESTACHE

ECTS credits

5

Language(s) of instruction

english

Course content

6 theory lectures (Imperfect markets, regulation under information symmetry and asymmetry, dealing with institutional weaknesses in the design of regulation, the forms of price and qualtity regulation)

6 lecture on the real world tools of regulation (financial modeling, asset valuation, cost of capital, efficiency measurement, price structures, contract design)

Objectives (and/or specific learning outcomes)

At the end of the course, the students will be able to master the theory and practice of regulation

Prerequisites

Courses requiring this course

Teaching methods and learning activities

Lectures + MOOC for part of the class + guest speakers (regulators and consultants when possible

Contribution to the teaching profile

The course contributes to the development of the following skills :

  • Comprehensively assess potential solutions using economic, financial and other criteria as relevant to the situation at hand.

  • Solve complex problems arising in economic, financial and public policy contexts to transfer knowledge in realistic solutions

  • Provide economic and financial recommendations and analyses at each stage of the process

References, bibliography, and recommended reading

Provided at the beginnin of the class

no book, just articles and book chapters

Other information

Contacts

aestache@ulb.ac.be

Campus

Solbosch

Evaluation

Method(s) of evaluation

  • Other

Exam + homeworks

Mark calculation method (including weighting of intermediary marks)

About 30% for a test following the MOOC

The rest for the final exam.

Language(s) of evaluation

  • english

Programmes