MARKETS, REGULATIONS AND LAW

MARKETS, REGULATIONS AND LAW

Luca Arnaudo, Andrea Parziale

Obiettivi formativi

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.

Risultati di apprendimento attesi

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.

Contenuti Del Corso

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.

Testi Di Riferimento

Class presentations and further readings indicated in the presentations.

Metodologie Didattiche

Front teaching, case discussion.

Modalità di verifica dell'apprendimento

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

Criteri per l’assegnazione dell’elaborato finale

Relevance of the proposed topic.

Il syllabus affronta temi collegati alla sostenibilità?

No

Settimana 1

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

Settimana 2

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

Settimana 3

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

Settimana 4

Regulation: general theory. Types of economic regulation.

Settimana 5

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

Settimana 6

Regulation of emerging digital technologies

Settimana 7

Competition and antitrust: general introduction

Settimana 8

US Antitrust

Settimana 9

EU Antitrust

Settimana 10

Digital currencies as a case-study of competition and regulation

Settimana 11

Pharma markets as a case-study of competition and regulation

Settimana 12

Presentation of course-related research papers delivered by the students