Economics of Regulation and Public Choice
| Code | School | Level | Credits | Semesters |
| BUSI3196 | Nottingham University Business School China | 3 | 20 | Spring China |
- Code
- BUSI3196
- School
- Nottingham University Business School China
- Level
- 3
- Credits
- 20
- Semesters
- Spring China
Summary
PRE-REQUISITE
Please note that for this module, the following pre-requisite applies:
BUSI2182 Industrial Economics II: Pricing and Decision Making
(Please ignore Requisites: N/A below)
This module covers the two broad areas of public choice and regulation. The first part of the module examines the processes and influences involved in economic policymaking using a public choice framework. Topics covered include advanced market failure, policy systems, voting, public policy programmes and public finance.
The second part of the module covers topics including natural monopoly regulation; retail price control; access pricing; universal service obligations; franchising and nationalisation.
Re-assessment format is decided by the school.
Target Students
Available to Part II students
Classes
- One 1-hour seminar each week for 4 weeks
- One 1-hour-30-minute lecture each week for 22 weeks
Assessment
- 50% Coursework 1: 2,000 words individual coursework (50%)
- 50% Exam 1 (1-hour-30-minute): 90 minute exam (50%)
Assessed by end of spring semester
Educational Aims
To develop an understanding of the economics of the public sector, in an international context. To develop an understanding of the main issues relating to the regulation of industries and to apply economic reasoning in a critical manner to regulated industries.Learning Outcomes
Knowledge and understanding:
This module develops a knowledge and understanding of:
- The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
- The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use
Intellectual skills:
This module develops:
- The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Transferable (key) skills:
This module develops:
- Communication and listening including the ability to produce clear, structured business communications in a variety of media.
- Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
- An awareness of the interpersonal skills of effective listening, negotiating, persuasion and presentation and their use in generating business contacts.
- Articulating and effectively explaining information.
Conveners
- Dr Marina Glushenkova
Last updated 09/01/2025.