Page 82 - Buku_Panduan_Program_SME_Versi BI_Sesi_20172018

ECONOMICS OF REGULATION

EIB3007 ECONOMICS OF REGULATION
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. describe the basic economic theory of regulation and policy issues;
2. discuss the regulation of economic issues related to Malaysia’s economy; and
3. identify the importance of government intervention in the market.

Synopsis This course gives an overview of the main aspects of the economics of
regulation. Topics discussed include market failures and the need for
government intervention in order to have allocate and distributional efficiencies.
Malaysian Case.

References 1. Viscusi, K., Vernon, J. and Harrinton, J., Economics of Regulation and Anti-
trust, 2000, MIT Press
2. Michael Pollit ( under MIT’s Open Course Ware Program Cooperation) 2003.
Government Regulation of Industry
3. Baldwin, Robert & Martin Cave, 1999. Understanding Regulation: Theory
Strategy and Practice. Oxford: University Press( BC)
4. Peter Grajzi & Peter Murell, 2005. Allocating Law Making Powers; Self-
Regulation vs Government Regulation. CEU-Working Papers.
5. Robert Cooter. 1997. Journal of Legal Studies. University of Chicago Law
School
6. Marshall C. Howard. 1983. Anti-trust and Trade Regulation. Prentice-Hall
7. Afred Kahn. 1993. The Economics of Regulation. MIT
8. Richard L. Gordon. 1994. Regulations and Economic Analysis. Kluwer
Academic Publisher.

Soft Skills CS1, CS2, CS3

Assessment Continuous Assessment : 50%
Final Examination : 50%

74