'Competition and Regulation' is one of the specialized tracks on the Master's program in Economics.
A specialized track about the tension between competition and regulation: Fair competition is essential for the functioning of markets. Consumers can make better decisions if they are well informed about prices, service conditions, and product quality. Firms will be able to exploit their competencies if they are operating at a level playing field.
At the same time, firms benefit from shielding themselves from competition of their rivals in the market. And being successful may create a monopoly position. It is this tension between competition and regulation that makes a deep analysis of markets both intellectually interesting and practically relevant for corporate strategists and policy makers.
Apply Industrial Organization and Competition Law to business strategies and regulatory policies: In the 'Competition and Regulation' track, you will learn how to apply insights from Industrial Organization and Competition Law, to business strategies and to regulatory policies. Cases deal with, for example, the lack of competition in certain markets (electricity, telecommunication services) and the response by national governments and the European Union.
This track is closely linked to the Tilburg Law and Economics research center TiLEC.
•Methods: Game Theory and Industrial Organization •Seminar Competition and Innovation •Seminar Competition Policy •Seminar Competition and Regulation in Network Industries
In these courses, you analyze causes of imperfect competition and identify rules and regulations that ensure fair competition while mitigating possible negative effects on productivity and technological change. You will also learn about the legal aspects, including discussion of the relevant legal concepts and laws.
This track is advised to students who wish to work for competition authorities (e.g. the Dutch ACM), regulatory bodies, Ministry of Economic Affairs, large consultancy firms (PricewaterhouseCoopers), specialized economic consultancies on competition and regulation (Lexecon, Nera, Oxera), international organizations such as EU and OECD, and economic departments of large firms.
Recent graduates in this track are working as:
•Director for Economic Research at the Turkish Competition Authority •Economist at the Dutch Authority for Consumers and Markets (ACM) •Management Consultant at Magnitude Consulting •Economic Adviser at Confindustria •Corporate Credit Risk Analyst at Essent N.V. •Junior Business Analyst at Raven Consulting •Senior Commercial Strategy Analyst at LAN Airlines •Economic Analyst at Bulgarian Photovoltaic Association
To be eligible for the Master's in Economics program you must have a Bachelor's in Economics degree or similar discipline (such as Econometrics) from a university recognized by the Admissions Board. We require you to have a solid academic background in the following areas: Macroeconomics, Microeconomics, Mathematics, Statistics, Game Theory, and Industrial Organization.