The objective of the course is to provide students with the theoretical and technical tools needed to understand market functioning as well as regulation and antitrust intervention. The aim is to increase the level of understanding of the institutional and economic contexts, and to provide conceptual tools to analyze economic phenomena at the micro level.
EXPECTED LEARNING OUTCOMES
KNOWLEDGE AND ABILITY TO UNDERSTAND
At the end of the course students will possess the information and cognitive tools for:-the assessment of the competition level as well as of the sectoral efficiency performance levels- the assessment of the impact of firms’ behaviours on the competition level of the sector which they belong to- analyzing the trade-offs between static and dynamic efficiency, as well as agents’ rational incentives schemesunderstanding the way the institutional and regulatory frameworks affect agents’ behaviours
At the end of the course students will be able to:- identify/develop connections between microeconomic views of the behaviour of single firms and the competitive features of the sector which they belong to- apply theoretical and applied knowledge to the identification of the main competitive criticalities through case studies
The following communication skills will be acquired by students at the end of the course:- understand the relationships between economic and legal languages concerning the analysis of antitrust and regulatory issues- outline and discuss antitrust cases, interacting with others in order to identify arguments in favour of and against the verdict of the antitrust authority