Liberalisation and regulation of markets

Aims of the course

The goals of the course are the following:
- Participants will be capable of understanding the withdrawal of the state from the economy (e.g., privatization of public enterprises, various forms of quasi-privatization such as contractual work, BOT projects, etc.)
- Understanding the background and scope of liberalization of public enterprises in the EU and throughout the world
- Understanding the needs and basic principles of legislation with an emphasis on public enterprises
Participants will be capable of analyzing and understanding the liberalization process and legislative processes that define the business environment in the modern world.

Course syllabus

- Definition of basic notions (market, government, public utilities, regulation, liberalisation)
- The role of the government and the rationale for its growth
- Privatisation: reasons, its scope and results across the world
- Public-private sector partnerships: compulsory competitive tendering and other forms of concessions (BOT projects)
- Theoretical foundations for market regulation and liberalisation
- Theoretical concepts of utilities’ regulation: pricing policy
- Models of economic regulation of utilities in practice
- Liberalisation and regulation by sectors: energy, electronic communications, post, railways

Course director(s)