Syllabus
EN
IT
Learning Objectives
LEARNING OUTCOMES: This course equips students with the tools to understand and analyze the functioning of different market structures. It introduces the rationale behind public interventions in markets, focusing first on regulation, with applications to digital markets, and then on competition policy, illustrated through real case studies.
KNOWLEDGE AND UNDERSTANDING: By the end of the course, students will acquire both theoretical and methodological tools to enhance their understanding of economic phenomena in different market structures. Key topics include:
- Market functioning under monopoly and imperfect competition;
- Regulation of digital markets;
- Competition policy and enforcement mechanisms.
APPLYING KNOWLEDGE AND UNDERSTANDING: Students will apply their knowledge by solving exercises, engaging in case-study analyses, and actively participating in class discussions. Through these activities, they will develop the ability to critically assess regulatory frameworks and competition policies.
MAKING JUDGEMENTS: Upon completion of the course, students will be able to critically analyze key issues related to regulation and competition policies in markets characterized by imperfect competition. They will develop independent judgment and problem-solving skills to evaluate policy interventions in real-world scenarios.
COMMUNICATION SKILLS: Students will improve their ability to communicate complex economic concepts effectively. They will be encouraged to debate policy issues and engage in discussions, enhancing their capacity to convey arguments in a clear and structured manner.
LEARNING SKILLS: The course fosters independent learning by equipping students with research skills, critical thinking, and the ability to apply economic reasoning beyond the classroom. They will be prepared to deepen their knowledge in advanced studies or professional settings related to regulation and competition policy.
KNOWLEDGE AND UNDERSTANDING: By the end of the course, students will acquire both theoretical and methodological tools to enhance their understanding of economic phenomena in different market structures. Key topics include:
- Market functioning under monopoly and imperfect competition;
- Regulation of digital markets;
- Competition policy and enforcement mechanisms.
APPLYING KNOWLEDGE AND UNDERSTANDING: Students will apply their knowledge by solving exercises, engaging in case-study analyses, and actively participating in class discussions. Through these activities, they will develop the ability to critically assess regulatory frameworks and competition policies.
MAKING JUDGEMENTS: Upon completion of the course, students will be able to critically analyze key issues related to regulation and competition policies in markets characterized by imperfect competition. They will develop independent judgment and problem-solving skills to evaluate policy interventions in real-world scenarios.
COMMUNICATION SKILLS: Students will improve their ability to communicate complex economic concepts effectively. They will be encouraged to debate policy issues and engage in discussions, enhancing their capacity to convey arguments in a clear and structured manner.
LEARNING SKILLS: The course fosters independent learning by equipping students with research skills, critical thinking, and the ability to apply economic reasoning beyond the classroom. They will be prepared to deepen their knowledge in advanced studies or professional settings related to regulation and competition policy.
ANDREA PEZZOLI
Prerequisites
Basic knowledge of microeconomics and elementary algebra is required.
Program
Monopoly
Game theory
Oligopoly
Regulation in digital markets
Competition policies
Game theory
Oligopoly
Regulation in digital markets
Competition policies
Books
"Industrial Organization”, Paul Belleflamme and Martin Peitz, Cambridge
"Economics for Competition Lawyers", Niels, G., Jenkins, H.,Kavanagh, J.,Third Edition, Oxford University Press
"Economics for Competition Lawyers", Niels, G., Jenkins, H.,Kavanagh, J.,Third Edition, Oxford University Press
Bibliography
"Digital Services Act", Regulation 2022/2065 of the European Parliament and the Council
"Digital Markets Act", Regulation 2022/1925 of the European Parliament and the Council
"Competition policy –- Theory and Practice”, Massimo Motta, Cambridge
"Digital Markets Act", Regulation 2022/1925 of the European Parliament and the Council
"Competition policy –- Theory and Practice”, Massimo Motta, Cambridge
Teaching methods
The course includes interactive lectures to introduce and deepen understanding of the main concepts explained. Practical examples and exercises will be used during the lessons to facilitate the application of economic models to real-world situations.
- Theory: Each topic will be introduced with a theoretical explanation, accompanied by graphs, tables, and applied examples. Presentations may be used.
- Exercises: Classroom activities will include problem-solving and exercises aimed at consolidating the concepts learned and developing students' analytical skills.
- Class Discussions: Active participation in class will be encouraged.
- Theory: Each topic will be introduced with a theoretical explanation, accompanied by graphs, tables, and applied examples. Presentations may be used.
- Exercises: Classroom activities will include problem-solving and exercises aimed at consolidating the concepts learned and developing students' analytical skills.
- Class Discussions: Active participation in class will be encouraged.
Exam Rules
A written test is planned to assess the level of knowledge of the subject. The oral test will be at the discretion of the instructor.
The exam will be evaluated according to the following criteria:
Not suitable: Significant gaps and/or inaccuracies in the knowledge and understanding of the topics; limited analytical and synthesis skills, frequent generalizations, and limited critical and judgment skills; the topics are presented in a non-coherent manner and with inappropriate language.
18-20: Barely sufficient knowledge and understanding of the topics, with possible generalizations and imperfections; sufficient analytical, synthesis, and judgment skills; the topics are often presented in a somewhat inconsistent manner and with language that is not very appropriate/technical.
21-23: Routine knowledge and understanding of the topics; correct analytical and synthesis skills with sufficiently coherent logical reasoning and appropriate/technical language.
24-26: Good knowledge and understanding of the topics; good analytical and synthesis skills, with arguments expressed rigorously but with language that is not always appropriate/technical.
27-29: Comprehensive knowledge and understanding of the topics; notable analytical and synthesis skills; good judgment autonomy; topics are presented rigorously and with appropriate/technical language.
30-30L: Excellent level of knowledge and in-depth understanding of the topics; excellent analytical, synthesis, and judgment autonomy; arguments are expressed originally and with appropriate technical language.
The exam will be evaluated according to the following criteria:
Not suitable: Significant gaps and/or inaccuracies in the knowledge and understanding of the topics; limited analytical and synthesis skills, frequent generalizations, and limited critical and judgment skills; the topics are presented in a non-coherent manner and with inappropriate language.
18-20: Barely sufficient knowledge and understanding of the topics, with possible generalizations and imperfections; sufficient analytical, synthesis, and judgment skills; the topics are often presented in a somewhat inconsistent manner and with language that is not very appropriate/technical.
21-23: Routine knowledge and understanding of the topics; correct analytical and synthesis skills with sufficiently coherent logical reasoning and appropriate/technical language.
24-26: Good knowledge and understanding of the topics; good analytical and synthesis skills, with arguments expressed rigorously but with language that is not always appropriate/technical.
27-29: Comprehensive knowledge and understanding of the topics; notable analytical and synthesis skills; good judgment autonomy; topics are presented rigorously and with appropriate/technical language.
30-30L: Excellent level of knowledge and in-depth understanding of the topics; excellent analytical, synthesis, and judgment autonomy; arguments are expressed originally and with appropriate technical language.