From the beginning, regulations have been considered to be a part of the fields of economics and law, but nowadays it increasingly forms a large part of other disciplines such as marketing, psychology, and sociology.
The level of understanding required in this area is earning momentum in modern economies and organisations. From an economic standpoint, regulation looks at the advantages and disadvantages of different regulatory approaches and to what extent their goals are achieved.
From a legal point of view, it looks at the impact of existing norms and evaluates evidence-based recommendations as to how policies should be designed.
The field of regulation has gained momentum since phenomena such as climate change, food scarcity, technological, and global trade initiates new challenges for regulative measures.
What will the participants of this ‘Economic Regulation and Pricing’ course learn? The participants of this course will examine the commercial and official roots of regulations, the purposes of liability law under various jurisdictions, major regulatory methodologies used at national (civil and common law) and international level (e.g. EU, WTO).
They will also be trained in some of the tools used in the field. Topics such as the effect of regulation on investment and international trade from a spatial and temporal perspective will also be covered, in addition to the effectiveness of liability, rules to govern externalities.
This Zoe’s Economic Regulation and Pricing training course will provide you with tactics to lower your costs and to construct efficient regulatory systems and responses.
If you are a regulatory organisation, or somebody who is going to be (or already is) subject to regulation policies, fostering an awareness of surrounding issues in the field of economic regulation will enable you to enhance your performance and competitive advantage in the business environment.
Upon completing this Economic Regulation and Pricing training course successfully, participants will be able to:
- Understand the similarities and differences between common and civil law countries with respect to the use of regulations
- Become familiar with the concepts of liability law and how this is applied in view of ex-post and ex-ante regulation
- Study the regulations used to govern key bio-economy technologies (animal and plant breeding technologies, pest control agents, biorefineries, food processing)
- Employ liability law to review new bio-economy products entering the market
- Utilise the economic tools to assess welfare implications of regulations from an ex-post as well as ex-ante perspective
- Implement those tools for economic assessments of regulations
- Assess specific regulations from an economic as well as legal perspective and be able to combine both
This is an interactive Economic Regulation and Pricing training program and will consist of the following training approaches:
- Seminars & Presentations
- Group Discussions
- Class Assessments
- Case Studies & Functional Exercises
Just like all our courses, this program also follows the ‘Do-Review-Learn-Apply’ model.
Companies who send in their employees to participate in this Economic Regulation and Pricing course can benefit in the following ways:
- Ensure that your company is running with the most streamlined processes in economic regulations and pricing strategies
- Benefit from your employees being aware of the economic regulations and pricing policies applicable to your organisation
- Produce a holistic pricing profile for your organisation
- Save on legal expenses risen due to national or international pricing policy violations
- Employ the right people to ensure that market competition and pricing policies are implemented properly
Professionals who participate in this course can benefit in the following ways:
- Become better at using regulations and pricing strategies to create value for your company
- Learn the factors of modern marketing success and come up with catchy pricing and marketing concepts
- Gain a holistic understanding of regulations and pricing in all of its facets
- Implement pricing activities in a way that achieves ambitious objectives when it comes to product, market and customer profitability
- Develop fresh ideas about how to better differentiate your business from your competitors
- Get expert training in advanced economic techniques
- Participate in an in-depth analysis of the latest empirical research
- Gain access to up-to-date insights into recent regulatory determinations
- Get a peek ahead at the key themes for future reviews
Who Should Attend?
Professionals in the following fields will benefit from this course:
- Management, Economics, and Consumer Studies
- International Development Studies
- Environmental Sciences
- Anyone who wishes to specialise in economics
- New MSc Biobased Sciences for students with a specialization in economics
- PhD candidates in the field of economics
- C-level executives who need to understand economic regulations and pricing strategies
- Decision-makers in terms of product/service pricing
- Government employees who form regulations
- Regulated companies
- Regulators’ offices
- Customer representatives
- Lenders, investors and rating agencies
MODULE 1: INTRODUCTION TO REGULATION
- Why regulate?
- What is good regulation?
- Explaining regulation
- How regulation fails – unintended effects
- Current issues in water regulation
MODULE 2: TECHNIQUES AND EURO MARKETS
- Techniques of regulation (a): commands and alternatives
- Techniques of regulation (b): rules and standards
- The European dimension I
- The European dimension II
- Utility regulation and Europe
- The re-regulation of electricity markets
MODULE 3: RISK MANAGEMENT
- Risk regulation schemes
- Risk management
- Cost-benefit testing and regulation
- Working group session 1: cost-benefit testing
- Utility regulation – regulatory goals and instruments
- Regulating monopolies – price capping
MODULE 4: COMPETITION & EFFICIENCY MANAGEMENT
- Measuring efficiency – benchmarking, yard-sticking and quality
- Regulating access to networks
- Regulation in competitive sectors like telecommunications and energy supply
- Regulation and competition law
- The future of utility regulation
MODULE 5: REGULATION STAKEHOLDERS
- Working group session 2: accountability
- Regulatory competition
- Regulation and the judges
- Reforms and prospects
MODULE 6: REGULATION MODELS & TOOLS
- The tools and institutions of economic regulation
- The ‘building block’ standard used in regulators’ price evaluations
- How can benchmarking data enlighten discussions about the scope for future efficiency enhancements?
- When and how should corporations be allowed to distribute risk amongst their customers?
MODULE 7: REGULATION STAKEHOLDERS
- Cost of Capital
- Alternatives forms of regulation
- Regional Case Studies
- Price caps
- Incentive-Based Regulation
- Performance-Based Regulation
- Round-up of Recent Regulatory Issues and Look Ahead