
| Course Code | : MLY409 |
| Course Type | : Area Elective |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : Turkish |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 5 |
The Regulation Theory and Policy course aims to teach students the reasons behind the state's economic and social regulations, the theoretical foundations of these regulations, and their practical applications. Students will gain the ability to understand market failures, externalities, public goods, and information asymmetry, and to evaluate the necessity and effectiveness of government intervention.
This course covers regulation theories and the reasons and types of state intervention according to market types. The course will examine various market types, including competitive markets, natural monopoly markets, oligopoly, and monopoly markets. It will also address the economic and social justifications for government intervention and evaluate the effectiveness and side effects of these interventions. Students will learn about different types of regulation, such as economic regulation (e.g., price controls, entry-exit regulations) and social regulation (e.g., environmental, health, and safety regulations). Finally, the course will discuss the effectiveness, efficiency, and reform of regulatory policies.
| 1. | To be able to outline the regulatory role of the state in the economy. |
| 2. | To be able to relate the concepts of regulation and competition. |
| 3. | To discuss the benefits and disadvantages of regulation in the context of regulation theories. |
| 4. | To be able to comprehend local, regional and national developments |
| 5. | To gain professional knowledge and skills for public and private organizations. |
| 1. | Viscusi, W., & Harrington, J. (2005). Economics of Regulation and Antitrust. MIT Press. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %60 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 3 | 3 | 84 |
| Midterm Examination | 1 | 12 | 1 | 13 |
| Final Examination | 1 | 24 | 1 | 25 |
| TOTAL WORKLOAD (hours) | 122 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | PÇ-10 | |
OÇ-1 | 4 | 5 | 3 | 3 | 4 | 4 | 4 | 5 | 3 | 3 |
OÇ-2 | 4 | 5 | 3 | 3 | 4 | 4 | 4 | 5 | 3 | 3 |
OÇ-3 | 4 | 5 | 3 | 3 | 4 | 4 | 4 | 5 | 3 | 3 |
OÇ-4 | 3 | 4 | 2 | 2 | 3 | 3 | 3 | 4 | 2 | 2 |
OÇ-5 | 2 | 2 | 4 | 3 | 4 | 5 | 3 | 4 | 3 | 3 |