Module Identifier EC31610  
Academic Year 2001/2002  
Co-ordinator Dr Mark Rhodes  
Semester Semester 2  
Pre-Requisite EC30230 or (EC31410 and EC36420)  
Course delivery Lecture   10 Hours  
  Seminars / Tutorials   4 Hours  
Assessment Course work   Essay   20%  
  Exam   1.5 Hours   80%  


This third year semester 2 module discusses the privatisation, and approaches to regulation, of public utility companies. We start from an explanation of the size, cost and market structure for these sectors. The case for privatisation and the welfare arguments for regulation are then examined. Different approaches to regulation are discussed and their application and experience in practice are examined. Topics will be presented in formal lectures and discussed in smaller classes. Independent work through reading, discussion and the completion of exercises is an integral part of the learning process for the module.

Learning outcomes

On completing this module students will:

Reading Lists

P M Jackson and C M Price. (1994) Privatisation and regulation: a review of the issues. Longman
S Martin and D Parker. (1997) The impact of privatisation: Ownership and corporate performance in the UK. Routledge
D Newbery. (1991) Privatisation, restructuring and regulation of network utilities. MIT Press
J Vickers and G Yarrow. (1988) Privatisation: An economic analysis. MIT Press
M Waterson. (1988) Regulation of the firm and natural monopoly. Blackwell