| Course Unit Code | 114-0338/01 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Third Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| JAN77 | Ing. Ivana Jánošíková, Ph.D. |
| JAN27 | Ing. Hana Janáčková, Ph.D. |
| Summary |
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In this course the role of regulatory policy and problems of deregulation and privatization are discussed. It is focused on the role of economic theory in public utility regulation and analysis of the natural monopoly concept. There are discussed general institutional issues of regulatory process and the possibility of application the EU regulatory practices in conditions of the Czech Republic.
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| Learning Outcomes of the Course Unit |
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The aim of this course is:
- to understand the role of regulatory policy,
- to describe problems of deregulation and privatization
- to explain the purpose of regulation in public utility according to an analysis of the natural monopoly concept,
- to discusse general institutional issues of regulatory process and the possibility of application the EU regulatory practices in conditions of the Czech Republic. |
| Course Contents |
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1. Introduction to the theory of regulation
2. Competitive market structure - different approaches
3. Monopoly and price discrimination
4. Measurement of economic inefficiency of monopoly
5. Oligopoly
6. Measuring industry concentration
7. Forms of distortion of competition
8. Protection of competition in the Czech Republic - cartels, mergers and acquisitions
9. Protection of competition in the Czech Republic - public procurement
10. Protection of Competition in the Czech Republic - State Aid
11. Theory of regulation
12. Theoretical and practical approaches to antitrust regulation
13. Economic regulation and natural monopoly
14. Practical methods of price regulation |
| Recommended or Required Reading |
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| Required Reading: |
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BALWIN, Robert and CAVE, Martin. Understanding Regulation. Theory, Strategy and Practice. Oxford University Press. New York, 2010. ISBN 978-0-19-877438-9
ROTHBARD, Murray N. and SALERNO, Joseph T. Man, Economy and State with Power and Market, Scholar’s Edition. 2nd edition. Ludwig von Misses Institute. Auburn, Alabama, 2011. ISBN 1933550996
STIGLITZ, Joseph E. Economics of the public sector. W. W. Norton, Incorporated, 2015. ISBN 0393925226, 9780393925227 |
BALWIN, Robert and CAVE, Martin. Understanding Regulation. Theory, Strategy and Practice. Oxford University Press. New York, 2010. ISBN 978-0-19-877438-9
BAŽANTOVÁ, Ilona. Ekonomie regulace: nové projevy tržních selhání a jejich řešení. Praha: Vladimír Lelek, 2013. ISBN 978-80-904837-3-6
ROTHBARD, Murray N. Ekonomie státních zásahů. Praha, Liberální institut, 2005. ISBN 80-86389-10-3 |
| Recommended Reading: |
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MOSS, David A. and CISTERNINO, John A. New Perspectives on regulation. The Tobin Project, One Mifflin Place, Cambridge (USA), 2009. ISBN 978-0-9824788-0-6
PÉREZ-ARRIAGA, Ignacio J. Regulation of the Power Sector. Springer Science & Business Media. London, 2013. ISBN 978-1-4471-5033-6.
VISCUSI W. Kip, HARRINGTON Joseph E., Jr. and SAPPINGTON David E. M. Economics of Regulation and Antitrust. 5th ed. Cambridge, MA, MIT Press, 2018. ISBN 9780262038065.
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PÉREZ-ARRIAGA, Ignacio J. Regulation of the Power Sector. Springer Science & Business Media. London, 2013. ISBN 978-1-4471-5033-6.
STIGLITZ, Joseph E. Ekonomie veřejného sektoru. Praha, Grada, 1997. ISBN 80-7169-454-1
VISCUSI W. Kip, HARRINGTON Joseph E., Jr. and SAPPINGTON David E. M. Economics of Regulation and Antitrust. 5th ed. Cambridge, MA, MIT Press, 2018. ISBN 9780262038065.
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| Planned learning activities and teaching methods |
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| Lectures, Seminars |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | 30 | 10 |
| Examination | Examination | 70 | 21 |