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 |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | 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 |
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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 |
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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 |
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(LO1) Students will be able to understand the concepts of welfare economics |
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(LO2) Students will be able to iIdentify key dimensions of market failures |
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(LO3) Students will be able to analyse the relevance of regulation for private activities |
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(LO4) Students will be able to apply principles of regulation to specific industries |
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(S1) Communication skills |
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(S2) Problem solving skills |
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(S3) Group working skills |
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(S4) Critical analysis |
Teaching and Learning Strategies |
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Teaching Method 1 - Lecture 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 |
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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 |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |