1	Course Title:	ECONOMICS OF REGULATION
2	Course Code:	IKT3104
3	Type of Course:	Optional
4	Level of Course:	First Cycle
5	Year of Study:	3
6	Semester:	6
7	ECTS Credits Allocated:	5
8	Theoretical (hour/week):	3
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	none
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. Ferudun Yılmaz
16	Course Lecturers:	Doç. Dr. Necla AKLAN
17	Contactinformation of the Course Coordinator:	Prof. Dr. Feridun YILMAZ fyilmaz@uludag.edu.tr 0224 294 10 87, Uludağ Üniversitesi, İktisat Bölümü, Görükle Kampüsü, Nilüfer/BURSA
18	Website:
19	Objective of the Course:	The aim of the course is to apprehend in which of the market failures government should intervene the markets. What are the regulatory consequences of this intervention are also mentioned. With respect to knowledge and analysis gained during the courses, one should easily understand existing regulations and their economic meanings.
20	Contribution of the Course to Professional Development

21

Learning Outcomes:

1 To learn the meaning of regulation and why it is needed.; 2 To repeat the main concepts of economics such as marginal cost, price discrimination; 3 To define market failures and conditions that lead to a market failure; 4 To understand monopoly and to explain why intervention is needed in these markets; 5 To express concepts about competition and display its negative consequences; 6 To reveal regulations about health, security and envirenment and explain why they are needed; 7 To examplify the regulation examples from the world; 8 To give information about regulation from Turkey and analyze them economically; 9 To be qualified in order to work in one of the regulatory institutions; 10 To provide consultancy about regulation issues in the markets;

22	Course Content:

Week	Theoretical	Practical
1	The Definition of Regulation in Economics
2	The Traditional Issues in the Pricing of Public Utility Services
3	Marginal Cost Pricing, Application in the Long-run and Short-run
4	Monopoly, Price Discrimination and Protectionism
5	Market Failures
6	The Role and Definition of Competition : Natural Monopoly
7	Natural Monopoly and Regulation
8	Destructive Competition and Quality of Service
9	The Role and Definition of Competition : Integration
10	Potentially Competitive Markets and Regulation
11	Health, Security and Environment Regulations
12	Regulation in Financial Markets
13	Regulation and Institutions in Turkey
14	Discussion

23	Textbooks, References and/or Other Materials:	Akça Haşim, Regülasyon Ekonomisi, Adana 2010 Viscusi, W.K, Harrington, J.E ve Vernon,J.M , Economics of Regulation and Antitrust , 4. Baskı, MIT 2005 Kahn Alfred, The Economics of Regulation: Principles and Institutions, 7.Baskı, MIT 1998
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	1	40
Quiz	0	0
Homeworks, Performances	0	0
Final Exam	1	60
Total	2	100
Contribution of Term (Year) Learning Activities to Success Grade		40
Contribution of Final Exam to Success Grade		60
Total		100
Measurement and Evaluation Techniques Used in the Course
Information

25

ECTS / WORK LOAD TABLE

Activites	NUMBER	TIME [Hour]	Total WorkLoad [Hour]
Theoretical	14	3	42
Practicals/Labs	0	0	0
Self Study and Preparation	30	2	60
Homeworks, Performances	0	0	0
Projects	0	0	0
Field Studies	0	0	0
Midtermexams	1	10	10
Others	1	35	35
Final Exams	1	10	10
Total WorkLoad			167
Total workload/ 30 hr			5,23
ECTS Credit of the Course			5

26	CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9 PQ10 PQ11 PQ12 LO1 4 4 5 4 4 4 3 4 3 4 5 5 LO2 4 4 3 4 4 4 5 5 3 4 3 4 LO3 4 4 3 4 4 4 4 5 5 4 5 5 LO4 3 5 4 4 5 4 3 4 5 5 5 4 LO5 4 4 4 3 4 4 5 4 4 4 4 4 LO6 4 4 4 4 4 5 5 5 5 4 4 5 LO7 5 5 4 5 4 4 5 4 4 3 4 5 LO8 3 3 3 2 3 4 4 4 4 3 4 4 LO9 4 3 5 5 3 4 4 4 3 4 3 4 LO10 4 4 4 4 4 3 5 5 4 5 5 4

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High