Module: AVWL 1: Market Failure and the State (5206-210)

Persons:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Degree Program:

• Business Administration and Economics (Bachelor, since 28.07.2010)
  4. Semester, compulsory
• Business Administration and Economics Vocational and Business Education (Bachelor, since 28.07.2010)
  4. Semester, compulsory

Relation to other Modules:

GVWL1 GVWL3

Prerequisites for Attendance:

Completing the foundation courses 'GVWL'.

Sprache:

German

ECTS:

6 credits

Frequency:

every summer semester

Length of the Module:

1 semester

Module examination:

written exam

Length of the examination:

90 minutes

Workload:

180 hours: 45 hours class attendance 135 hours preperation and follow-up, perparation for the exam and exam

Professional competences:

The course on »Regulatory Policy« deals with various kinds of market failure and with possibilities to reduce or eliminate them.

In the first part of the course the general principles of Regulatory Policy according to the so-called ?Freiburg School of Regulatory Policy? are explained. Based on these principles the main sources of market failure like extenalities, public goods, monopolistic competition, asymmetric information etc. are discussed. Then suitable policy instruments for the reduction or even elimination of the different kinds of market failure are explained on the basis of neoclassical allocation theory.

Courses