49706 Regulatory Economics6cp
There are course requisites for this subject. See access conditions.
Regulation plays a critical role in determining the nature and extent of potential gains from the deregulation of the energy sector – a contemporary topic in energy policy discourse. This subject focuses on developing understanding of the economics of regulation, and methods and principles of regulation design for the energy and other sectors of the economy. Topics include: historical overview of regulation; drivers for regulation; costs and benefits of regulation; impacts of regulation; institutional structure, ownership and regulation; regulatory frameworks; regulation design; policy issues; and politics of regulation. Case studies on regulatory aspects are provided from the energy and other sectors of the economy.
Detailed subject description.