GRA 5915 After Brexit: The Political Economy of the Single Market
GRA 5915 After Brexit: The Political Economy of the Single Market
THIS COURSE WAS CANCELLED AUTUMN 2019.
This is an international political economy course that focuses on regulation and competition in the Single Market in the European Union in light of the recent institutional upheaval (Brexit) and the sustainability challenge. The course addresses the rationales and motivations for economic regulation, and centres on the evolution of competition policy and sector regulation through presentation of the EU policy process. This is of paramount importance to firms that operate or plan to operate in European countries. The course covers several aspects of the regulatory state, such as liberalisation, self-regulation, flexibility and indirect regulation, regulatory competition, regulatory risk, cooperation and/or convergence, and the legal, administrative and political bases for regulation. The course requires no previous knowledge of the subject.
Students will be able to evaluate what kind of regulation or competition policy is necessary in order to make markets work as desired, given the existing stakeholders, compexity of issue areas and potential future developments in political and economic parameters. They will be able to explain how regulations work, and determine factors that have been pivotal in regulatory successes and failures. They will also be able to identify actors that demand and supply regulatory measures, and analyse possible distributional effects. They will be able to use this knowledge to assess potential risk for cross-border operations.
Students will be able to
- assess potential risk for cross-border operations.
- engage critically with the research-based literature in the field of public policy, EU governance and international political economy.
- analyse EU and EEA political, economic and social institutions and organizations, the relationship between them, and the dynamics of stability and change.
- identify and assess policy problems, choosing appropriate analytical tools and applying them to current issues in EU governance, political economy and public policy
- Students will be able to assess and evaluate EU public policy options and actual policies in terms of both efficiency and justice.
- Students will be in a position to assess the economic, ethical, social and political dimensions of EU public policy, and to evaluate it in term of norms such as the rule of law, transparency, accountability and legitimacy.
- Students will be able to adopt a multi-level (national, regional and global) perspective on political economy and public policy and understand the parameters within which policy is developed and implemented at the national and EU level.
- EU institutional development and the EU policy process.
- The Single European Market
- Business, politics and regulation; liberalisation and de-regulation.
- The international dimension of regulation: Liberalisation, regulatory competition and cooperation.
- Comparative competition policy: National (incl. Norwegian, US), European Union and international.
- Sector regulation. Specific aspects of and case studies from selected sectors (e.g., energy and finance).
The 12 three-hour sessions consist of lectures, student presentations of articles with subsequent class discussion based on given essay questions, and group work on a concrete case risk assessment for cross-border commercial activity.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.
At resit, all exam components must, as a main rule, be retaken during next scheduled course.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
| Assessments |
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Exam category: Submission Form of assessment: Written submission Weight: 15 Grouping: Individual Duration: 1 Semester(s) Comment: Assignment Exam code: GRA59151 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Activity Form of assessment: Presentation Weight: 15 Grouping: Group (2 - 3) Exam code: GRA59151 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Weight: 70 Grouping: Group/Individual (1 - 3) Duration: 1 Semester(s) Comment: Term paper Exam code: GRA59151 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.