ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ECONOMICS OF REGULATION
Code BLEL703
Coordinator Dr CW Bach
Economics
C.W.Bach@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

           24
Timetable (if known)              
Private Study 126
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Written report There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester 1  3000 words    100       

Aims

This module introduces students to the key concepts of "Economics of Regulation". It provides students with the skills and knowledge to analyse the efficiency of different regulatory framework.

Learning Outcomes

(LO1) Students will be able to understand the concepts of welfare economics

(LO2) Students will be able to iIdentify key dimensions of market failures

(LO3) Students will be able to analyse the relevance of regulation for private activities

(LO4) Students will be able to apply principles of regulation to specific industries

(S1) Communication skills

(S2) Problem solving skills

(S3) Group working skills

(S4) Critical analysis

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description: Lecture
Attendance Recorded: Yes
Notes: A feature of the module is the emphasis on applying theories and concepts to real life problems and situations. Action learning sets are used as a method to enable group discussions to consider the implications and issues of regulation There will contact days involving a mix of lectures, action learning sets, activities, group discussions and case studies based specific sectorial regulations. Self-development and learning activities (non-contact) are required to complete the assessment components and to gather material for the taught sessions.

Self-Directed Learning Description: Self-development and learning activities (non-contact) are required to complete the assessment components and to gather material for the taught sessions.

Library resources will be accessible through the module reading list and other key learning resources will accessible through VITAL. Students wi ll be given directed reading to support the teaching sessions as well as being expected to read more widely from the recommended literature

Syllabus
 

Indicative Content   Foundations of Welfare economics Markets failures (public good, externalities, asymmetries of information, natural monopoly) Competition policy & regulation Methods of regulation (price cap, “cost plus”, etc.) The limits of regulation Cases studies

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.