3013 Economics and Management of the Liberalisation and Regulation of Markets
Content
- What is regulation, types of regulation and theoretical foundations of economic regulation
- Why is the economic regulation of markets needed and what does it incorporate: what to liberalisalie and what to regulate?
- Theoretical foundations of price regulation: a normative pricing theory for natural monopolies (marginal cost prices, efficient prices: Ramsey prices, peak-load prices, non-linear prices, shortcomings of the normative pricing theory
- Regulation of natural monopolies in practice: rate or return (ROR) regulation) and price cap regulation (RPI-X)
- The role of benchmarking in economic regulation
- Regulation of quality
- Analysis of the liberalisation and regulation of the utilities markets in the EU: electricity, gas, electronic communications, transport, communal utilites (water, waste, etc.)
- Analysis of the liberalisation and regulation of utilites in Slovenia: the assesment of the state of the art
- Fundamentals of the economic aspects of environmental regulation
Objectives and competences
Objectives
- To understand the interlink and interdependence of regulation and liberalisation of network industries in the EU,
- to differentiate the role of various stakeholders in economic regulation and to advocate their interests,
- to critically evaluate the current regulatory practice in the EU and Slovenia,
- to develop new knowledge and to understand the current theoretical foundations of the economics of regulation,
Competences
- ability of the in-depth critical analysis, evaluation and synthesis of complex ideas,
- development of critical reflection and self-reflection in professional and research work,
- ability to work in an interdisciplinary team,
- to conduct independent, original and publishable research in the field of regulation of public utilities.