MARKETS, REGULATIONS AND LAW

MARKETS, REGULATIONS AND LAW

Luca Arnaudo, Andrea Parziale

Instructional goals

As for main contents, this course aims to provide students with tools to critically assess the impact of law and regulation on markets and business activities; students will also gain a basic knowledge of competition analysis and antitrust. From a broader perspective, the course aims to develop the communication skills of the students.

Intended learning outcomes

After attending the course, students should be able to: - show a critical understanding of individual and collective agents behaviors - rely upon a general knowledge about origins, structure and functioning of main contemporary legal systems, also in conjunction with market development - be aware of main regulatory theories, as well as of the impact of regulation on markets and business activities - navigate the main antitrust and competition law issues, also a US/EU comparative viewpoint.

Course Contents

- Cognitive and behavioral approaches to individual and collective economic agents - Assessment of market structures and dynamics - Introduction to comparative legal systems - General theory of regulation - Industrial regulation: case studies - Antitrust and competition law.

Reference Books

Class presentations and further readings indicated along the course, to be made available through the online platform and weblinks contained 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.

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: focus on AI

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

The oil industry as a case-study of competition and regulation - in the shadows of energy transition

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