MEB443 Introduction to fundamentals of regulation

Faculty of Social Studies
Autumn 2017
Extent and Intensity
1/1/0. 2 credit(s). Type of Completion: z (credit).
Teacher(s)
Mgr. et Mgr. Veronika Zapletalová, Ph.D. (lecturer)
Mgr. Bc. Martin Šik, M.A. (lecturer), Mgr. et Mgr. Veronika Zapletalová, Ph.D. (deputy)
Guaranteed by
doc. PhDr. Břetislav Dančák, Ph.D.
Department of International Relations and European Studies - Faculty of Social Studies
Supplier department: Department of International Relations and European Studies - Faculty of Social Studies
Timetable
Fri 3. 11. 10:00–16:45 U41
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
Fields of study the course is directly associated with
there are 7 fields of study the course is directly associated with, display
Syllabus (in Czech)
  • 1) What is Regulation? (Veronika Zapletalová) Topics: Issues on the Regulatory Agenda ---- What is “Good regulation“? ----- Five criteria for Good Regulation ---- Measuring Regulatory Quality ---- Regulation at Different Levels of Government (e.g. regulation and the EU, regulation and development, and global regulation) 2) Why Regulate and How? (Martin Šik) Topics: Why regulate energy and network industries in general? ---- Market Failure rationales, the rise, vices and virtues of natural monopolies ---- How to regulate? ---- theories and instruments of regulation ---- finding the right cost function and translating it into allowed revenue (financeability, capital and operational costs, sharing of risk between the network operator and its customers, incentivizing good behaviour) ---- ---- proscribing how allowed revenue is earned (tariff structures, SRMC vs. LRMC pricing, cross-subsidisation) 3) Reforming an industry (Martin Šik) Topics: Market discipline vs. monopoly regulation ---- Policies of energy industry liberalization and deregulation (third party access, unbundling and independent energy regulators) ---- current challenges and the role of politics (e.g. gas transmission investment, electricity security of supply concerns, rise of uncertainty and complexity, overburdening of economic regulators)
Assessment methods (in Czech)
A) Participation of students in meetings The primary emphasis in this course is placed on the students' active participation in meetings. The 2017 fall semester meetings will take place on: Friday, 3 November from 10:00 AM to 11:30 AM (U41) – Veronika Zapletalová (What is Regulation?) Friday, 3 November from 1:30 PM to 3 PM (U41) – Martin Šik (Why Regulate?) Friday, 3 November from 3:15 PM to 4:45 PM (U41) Martin Šik (Network Issues) Student participation is a requirement for passing the course! B) Writing exam The exam will focus on the information provided during lectures and in required reading materials assigned for individual classes. The exam will consist of three open questions (one question – five points). The course cannot be completed without passing the exam!In order to pass the course, students must obtain at least 8 out of a total of 15 points.
Language of instruction
English
Further Comments
Study Materials
The course is taught annually.

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