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ECON-S421

The economics of regulation

année académique
2021-2022

Titulaire(s) du cours

Salvador BERTOMEU SANCHEZ (Coordonnateur) et Antonio ESTACHE

Crédits ECTS

5

Langue(s) d'enseignement

anglais

Contenu du cours

Depending on how the organization of the classes will influence the way the class will be taught (presential or web based)
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 lectures on the real world tools of regulation (financial modeling, asset valuation, cost of capital, efficiency measurement, price structures, contract design)

Objectifs (et/ou acquis d'apprentissages spécifiques)

1.You get the basis of the theory and practice of economic regulaiton (most illustrations are for publc servicres)

2. You certainly get the minimum requirements needed to be able to work as a consultant, advisor or staff of a regulatory agency or regulated firm;

3. You'll learn the analytical basis needed to conduct applied reserach in this field.

4. Designed as a tool to help you identify trade-offs in a wide range of publlic policy issues

Pré-Requis

Cours ayant celui-ci comme pré-requis

Méthodes d'enseignement et activités d'apprentissages

lectures anchored in PPT and supporting readings
MOOC with hands-on exercise

Contribution au profil d'enseignement

This are the main competencies aimed at :

  • Analytical skills to take on conceptual or real life situations

  • Problem solving perspective in a wide range of topics with realistic economic and financial tools

  • Ability to communicate diagnostics and recommendations on typical policy issues

Références, bibliographie et lectures recommandées

Provided at the beginning of the course

MOOC used to complement the lectures with more intution (and less math) and provides practice exercises similar to those used at the exam to test your understanding of the concepts, definitions, tools and more advanced  theory.

Support(s) de cours

  • Syllabus

Autres renseignements

Informations complémentaires

Depending on virus situation, will be taught in class or on web

Contacts

aestache@ulb.ac.be

Salvador.Bertomeu.Sanchez@ulb.be

Campus

Solbosch

Evaluation

Méthode(s) d'évaluation

  • Autre

Exam + Team Essay

Construction de la note (en ce compris, la pondération des notes partielles)

45% exam
45% essay
10% behavioral/participation

may change depending on how the class will be taught as virus constraints evolve

Langue(s) d'évaluation

  • anglais

Programmes