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Master

Markets and Regulation (MSc Economics)

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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.

Learn how competitive markets work

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.

Why choose the Markets and Regulation track?

  1. Beside the 3 general courses of the MSc Economics in your curriculum, you will have 5 courses with focus on the understanding of modern oligopoly theory.
  2. You will be lectured by professors and experts working in a wide range of economic organisations and fields. Therefore, you become knowledgeable in the current issues of market regulation and competition policy.
  3. After graduation, you have an excellent job prospect at e.g. (inter)national consultancies on competition and regulation or regulatory bodies.

Track-specific courses

Apart from the 3 general courses of the full programme, you will follow 5 track-specific courses.

  • Advanced Industrial Organisation

    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?

  • Regulation

    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. 

  • Empirical Market Economics

    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

    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?

  • Applied Industrial Organisation

    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. 

Real-life case: how to keep Big Tech from abusing their market dominance?
The US Congress held hearings with the CEOs of Apple, Google, Facebook and Amazon about the alleged anticompetitive behaviour of these dominant tech firms. In particular the Democrats are preparing far-reaching interventions in these markets. The European Commission, under Commissioner for Competition Margrethe Vestager, is far ahead with investigations and remedies already. Examine how large firms can be kept from abusing their dominant position with anti-competition practices. Apply economic methods and models to identify regulations that ensure fair competition while mitigating negative economic effects.

Contemporary issues

Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.

  • COVID-19: which State Aids and market structures help fight it best? 
  • Collusion in banking: the European Commission found several types. What is the role of Fintech?
  • Prohibition of the proposed merger between Alstom and Siemens to a European champion in trains.
  • Should competition be restricted to allow companies to take corporate social responsibility collectively?

Career prospects

Graduates of the Master's programme in Economics/Markets and Regulation track have excellent job prospects for positions as researchers and experts in:

  • competition authorities;
  • regulatory bodies;
  • ministries of Economic Affairs;
  • large consultancy firms;
  • specialised economic consultancies on competition and regulation;
  • international organisations such as EU and OECD;
  • economic departments of large firms.
Facts & Figures
Degree programme MSc
Mode Full-time
Credits 60 ECTS, 12 months
Language of instruction English
Starts in September
CROHO code 66401