MARKETS, REGULATIONS AND LAW

MARKETS, REGULATIONS AND LAW

Luca Arnaudo, Andrea Parziale

Instructional goals

This course aims to provide students with tools to critically assess the impact of law and regulation on markets and business performance, as well as basic knowledge on competition analysis and antitrust. The course also aims to develop the presentation and communication skills of the students.

Intended learning outcomes

After studying this course, the student should be able to: Demonstrate a critical understanding of the behavior of individual and collective agents. Demonstrate a general knowledge of the origins, structure and functioning of legal systems, also in conjunction with market development. Compare different legal systems and their development. Demonstrate an awareness of the impact of law on markets and business performance. Demonstrate a general knowledge of the main theories and types of economic regulation. Identify, explain and critically assess key legal and regulatory issues relevant to market and business practice in general and in specific industries.

Course Contents

Cognitive and behavioral approaches to individual and collective economic agents Assessment of market structures and perspectives Law and legal systems Law & Economics General theory of regulation Regulatory framework of specific industries Economics and regulation of money Antitrust and competition law.

Reference Books

Class presentations and further readings indicated in the presentations.

Teaching Methods

Front teaching, case discussion.

Assessment Method

Participation in classes, multiple-choice quizzes, individual writing assignment.

Thesis assignment criteria

Relevance of the proposed topic.

Does the syllabus cover sustainability topics?

No

Week 1 Contenuto sessioni on line e on campus

Course outline & syllabus discussion. Models of agents and decision theories.

Week 2 Contenuto sessioni on line e on campus

Markets: from exchanges to trade, market development and social institutions. Market structures and perspectives.

Week 3 Contenuto sessioni on line e on campus

Law: history, theories, legal reasoning and market concepts. Law & Economics / Economic Analysis of Law

Week 4 Contenuto sessioni on line e on campus

Regulation: general theory. Types of economic regulation.

Week 5 Contenuto sessioni on line e on campus

Regulation: network industries and platforms, liberalization, pricing policies.

Week 6 Contenuto sessioni on line e on campus

Regulation of emerging digital technologies

Week 7 Contenuto sessioni on line e on campus

Competition and antitrust: general introduction

Week 8 Contenuto sessioni on line e on campus

US Antitrust

Week 9 Contenuto sessioni on line e on campus

EU Antitrust

Week 10 Contenuto sessioni on line e on campus

Digital currencies as a case-study of competition and regulation

Week 11 Contenuto sessioni on line e on campus

Pharma markets as a case-study of competition and regulation

Week 12 Contenuto sessioni on line e on campus

Presentation of course-related research papers delivered by the students