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2023/2024  KAN-CCMVI2119U  Business and Government

English Title
Business and Government

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Min. participants 30
Max. participants 60
Study board
Study Board for cand.merc. and GMA (CM)
Course coordinator
  • Cédric Schneider - Department of Economics (ECON)
For academic questions related to the course, please contact course responsible Cédric Schneider (csc.eco@cbs.dk)
Main academic disciplines
  • Managerial economics
  • Strategy
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 22-11-2023

Relevant links
Learning objectives
To achieve the grade 12, students are required to:
  • Understand the economic rationales for economic, and social regulations
  • Be able to critically evaluate the mechanisms governments uses to address monopoly problems
  • be familiar with different theories of regulatory behavior
  • Apply the theories of regulation to specific cases
Course prerequisites
Completed Bachelor degree or equivalent. Some prior knowledge of Microeconomics. Familiarity with graphs, algebra, and basic calculus
Examination
Business and Government:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Project
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer and Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
The 1st retake is a 72-hour, maximum 10-pages home assignment.
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Description of the exam procedure

Home assignment written in parallel with the course.
Course content, structure and pedagogical approach

Access to clean water and sanitation, effective telecommunication and transport services are indispensable to individuals, firms and societies around the world. Regulatory policies affect all aspects of our lives, ranging from the quality of the air we breathe to the price we pay for a vast variety of commodities and public services.

This course explores the core economic principles that guide government regulation of businesses and industries. The course will examine areas of regulation and illustrate those using case studies from a variety of industries and businesses to explore market failures and externalities that provide the economic basis for government involvement. The course will explore how businesses are affected by various regulations and how interest groups can inform and influence the process. We will also examine markets like the airline industry or mail delivery that, though once regulated, have since been deregulated.

 

Course structure:

  1. Oligopolies, collusion and competition policies in the new economy: digital platforms and network effects
  2. Regulation of public utilities: natural monopolies in the transportation, telecommunication and energy sectors
  3. Environmental regulation
  4. Product safety
  5. Regulation of workplace health and safety
  6. Behavioral economics and regulatory policy
  7. State aid
Description of the teaching methods
Lectures and case discussions. The class meetings are interactive and require ongoing engagement of the students.
Feedback during the teaching period
Office hours during course period.
Take-home exercises and cases will be discussed in class.
Student workload
Preliminary assignment 20 hours
Classroom attendance 30 hours
Preparation 126 hours
Exam preparation 30 hours
Further Information

6-week course.

 

Preliminary assignment: The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment and grading.

 

 
Expected literature

Textbooks:

Decker, Christopher, “Modern Economic regulation -  an introduction to theory and practice”, Cambridge university press, 2015

 

Viscusi, W. Kip, Joseph E. Harrington, Jr. and David E.M. Sappington, “Economics of Regulation and Antitrust”, 5th Edition. The MIT Press, Cambridge, MA, 2018

 

Case studies will be distributed in class

e.g. "Hewlett Packard and e-Waste Regulation", Stigler Center
Last updated on 22-11-2023