This course uses theoretical industrial organisation models as tools and analyse its application on competition policy and regulation. Our starting point would be the introduction of market definition and market power. We then consider the exercise of market power in a number of settings, such as through collusion, merger, vertical control, predation, and some non-price monopolization practices. Treatments of various potentially anti-competitive conducts in various guidelines, including the ACCC merger guideline and Trade Practices Act 1974, will be discussed.

 In the last part of the course, we review the theory of economic regulation. The materials covered include the basic theory of regulation.  

This is the last course in the applied micro econonomics sequence. For students considering taking this course as well as Industrial Organisation, the suggested sequence would be taking IO first. Although basic IO models will be reviewed, students who completed IO before  taking this course enjoys advantage. At least intermediate level of micro economics is required for students to excel in this course.

Students will be familiar with the market and welfare consequences of various conducts of the firms. They will have an understanding of the theories underlying various guidelines from different competition policy authorities.

Typically includes a mid term test, a final exam, and assignments. Please refer to the course outline for details.

See Course Website

See Course Website

See Course Website