Learning Outcomes:
On successful completion of this module students should have:
1. An understanding of the economic rationale for, and objectives of, competition policy, and the role of competition policy in promoting consumer welfare and economic efficiency.
2. An ability to apply economic theory and analytical tools to examine competition issues arising in markets, including issues related to market power, collusion, mergers, and vertical restraints.
3. Well-developed analytical and critical thinking skills in the evaluation of competition policy issues and the economic reasoning underpinning competition policy enforcement.
Indicative Module Content:
- The economic rationale for competition policy and its objectives
- Economic frameworks for analysing competition and firm behaviour
- Market definition and the assessment of market power
- Collusion and coordinated behaviour in markets
- Abuse of Dominance
- Horizontal mergers, including unilateral and coordinated effects, efficiency considerations, and remedies
- Vertical restraints and vertical integration
- Competition policy challenges in dynamic markets, including issues related to innovation and sustainability