Economic Law

Code:

MDO107

Acronym:

DE

Instance: 2011/2012 - 1S

Active?	Yes
Course/CS Responsible:	Law

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MD	10	Plano Oficial de MD	1	-	10	-

Teaching language

Portuguese

Objectives

Objectives: Study of Market Competitivity and Market Regulation. A Law and Economics approach to Antitrust behavior. The role of regulator entities. Study of cases.

Program

Part I – ECONOMIC APPROACH: MARKET COMPETITION AND MARKET REGULATION
1. STRUCTURE OF COMPETITION
1.1– Competitive markets
1.2 – Monopoly
1.3- Oligopoly
1.4 – Monopolistic Competition
1.5 – Game theory and competition
1.6 – Competition and the tendency to acquire monopoly power
1.7 – Competition policy: an overview
1.8 – Schools of thought about antitrust
2. POWER OF MARKET AND ANTITRUST BEHAVIOR
2.1 – Market definition
2.2 – Market power
2.3 – How to measure market power and the level of concentration of the market
2.4 – 2.4 – Collusion and corporation agreements
2.5 – Causes of collusion
2.6 – Difficulties to identify collusion
2.7 – Cartel formation
2.8 – Horizontal mergers
2.9 – Vertical mergers
2.10 – Conglomeration
2.11 – State aids and competition
2.12 – Market power and investigation, innovation and developement
3. Competition policy
3.1 – History of antitrust
3.2 – The competition policy in European Union (EU)
3.3 – Case Studies in EU
3.4 – Portuguese law of competition
3.5 – Decisions of Portuguese Competition Authority
4. Market regulation
4.1 – Market failures and efficiency of markets
4.2 – The response of regulation
4.3 – Natural monopoly
4.4 – Interaction between competition policy and regulation
4.5 – Sectorial regulation and transversal defense of competition

II – LAW APPROACH: MARKET AND THE STATE: PUBLIC REGULATION

1. CLASSIC REGULATION: COMPETITION POLICY

Portuguese and EU laws of competition; the Portuguese Competition Authority in Portuguese Law; forbidden agreements, and other anti-competitive practices; the antitrust abuse; the concentration of market, State aids, competition policy and public contracts.

2. MONETARY AND FINANCIAL REGULATION: THE REAL CAUSES OF ECONOMIC CRISES; POSSIBLE SOLUTIONS.

History of financial regulation, the 1929’ crisis, the Bretton Woods agreements, the evolution of international monetary regulation. Challenges for future international monetary regulation.

Mandatory literature

Mankiw N. Gregory; Introdução à economia. ISBN: 85-221-0408-5
Confraria João 1960-; Regulação e concorrência. ISBN: 972-54-0113-1
Lipczynski John; Industrial organization. ISBN: 978-0-273-71038-7
Leao Pedro; Economia dos Mercados e da Empresa, Escolar Editora, 2011. ISBN: 9789725923184
Pereira Miguel Mendes 020; Lei da concorrência

Complementary Bibliography

Cunha Carolina; Controlo das concentrações de empresas. ISBN: 972-40-2497-0
Lima José Lobo de Avila 1885?-1956?; Da concorrencia desleal
Mata José; Economia da empresa. ISBN: 978-972-31-0901-6
Motta Massimo; Competition policy. ISBN: 978-0-521-01691-9
Mateus Abel Moreira 1947-; Microeconomia. ISBN: 972-22-2087-X

Teaching methods and learning activities

Presencial classes, with theoretical exposition and practical analyses of Case-Studies.

Evaluation Type

Evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	0,00
	Total:	-	0,00

Eligibility for exams

According to the Evaluation Norms of the Master in Law.

Calculation formula of final grade

According to the Evaluation Norms of the Master in Law.