Syllabus
Registration via LPIS
Network industries including Electricity, Telecoms, Gas, Water and other infrastructure industries such as airports, postal services, etc. generally need to account for both competition and regulation. Adequate performance is only reached by balancing economic efficiency and reasonable profits with public interests and investment needs. Especially the relationship between liberalization and regulation of monopolies dealing with public needs creates multi-disciplinary questions related to corporate governance and strategy that will be addressed in this course. The aim is to address key issues in network industries arising from the intersection of regulation and competition on the one hand and corporate governance and strategy on the other hand.
Basics of network industries:
- Economics of network industries
- Strategy for network industries
Regulation:
- Positive theories: Why do we regulate?
- Normative theories: How do we optimally regulate?
- Applied regulatory practices exemplified for energy markets
Corporate Governance:
- Special rules for utilities
- Analysis of specific corporate governance mechanisms in network industries
After completing this course students will have the ability to:
- Explain the basic theories for network industries
- Explain how regulation and corporate governance work in monopoly structures
- Analyze strategic and control mechanisms in network industries
Apart from that, completing this course will contribute to students’ ability to:
- Efficiently work and communicate in a team
- Improve their oral and written communication and presentation skills
- Learn to give and receive constructive feedback
The course will combine various learning methods to deliver the different topics to the students. These will include readings, open class discussions, team work and presentations.
The final grade of the course will depend on:
- Assignments (Group and/or Individual)
- Additional Work and/or Quizzes
- In-Class contribution
Class participation is mandatory with continuous assessment of student performance. You are allowed to miss one session at most.
Successful completion of:
- Managing Business from Financial Perspective
- Managing Business form a Strategic Perspective
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