In the Markets and Regulation track you develop a solid understanding of the current issues of market regulation and competition policy. This track is 1 of 7 tracks you can opt for in our Master's in Economics.
In this track you learn how competitive markets work. But also under what conditions they can work, and when they may need protection. Economics is applied to controlling big business through government intervention.
It is a fascinating subject, as technological developments and new business strategies continue to pose challenges to the design and implementation of market oversight.
Apart from the 3 general courses of the full programme, you will follow 5 track-specific courses.
In this course you will deep-dive in the monopoly and oligopoly. How may a monopolist price discriminate and deter entry by competitors? Concerning oligopolies you will cover different types of rivalry, product differentiation, collusion, mergers, vertical relations and platform competition. And: how do firms respond to boundedly rational consumers?
In this course you will learn about the economic regulation of firms with significant market power. You will look at price regulation theories, dynamic incentives for investment and commitment problems on the regulator's side. Also you explore alternatives to price regulation: competition for the market and between markets.
What methods can you use to identify the type and intensity of competition in a particular industry? In this course you learn about the different methods and how to apply them. Once you have identified the competition in a market, you will address how the market structure and changes affect the market price. During this course you will become familiar with current empirical techniques and apply these to real data by using Stata.
Competition policy is at the centre stage of day-to-day economic life. Consideration for the likely warnings of competition authorities are therefore an important concern in business strategies. Why and to what extent does society need rules restricting the behaviour of firms in markets? And how do these rules affect our economies?
In competition policy cases, the development of a so-called ‘theory of harm’ is essential. This theory captures the economic reasoning that underlies the allegation of breaching competition laws. In this course you will learn how to apply economic theory and econometric methods in competition cases on cartels, abuse of dominance, mergers and state aid.
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.
Graduates of the Master's programme in Economics/Markets and Regulation track have excellent job prospects for positions as researchers and experts in:
|Credits||60 ECTS, 12 months|
|Language of instruction||English|