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   Course Title    Training Program for the specialists of Committee for De-monopolization and Promotion of Competition of the Republic Of Uzbekistan
Lecturer    Nodira Khusanova
Institution    Tashkent State Economics University
Country    Uzbekistan


Area of Study:

  1. ECONOMICS
  2. ANTI-MONOPOLY & COMPETITION POLICY

Duration: 10 days - 80 hours

  1. ECONOMICS
    1. Market Economy - Concepts and General Characteristics:
      • Economic systems
      • Role of government in a economy
      • Market Economy
        Competition
        Profits
        Allocation of resources - Investment
        Basis of production
        3 general problems' solution of What to produce, how to produce, and for whom to produce in different systems
      • Formation of a market economy
      • Goods and services
      • The theory of marginal utility and welfare economics
      • Product distribution
      • Growth and development theory
      • International trade:
        • reasons for trade
        • the theory of comparative advantage
    2. Market Performance - Perfect and Non-Perfect Competition:
      Perfect Competition
      • The basic elements of market mechanism in pure competition
      • Price, demand and supply
      • Elasticity of demand and supply
      • Demand and utility
      • Supply and production costs
      • Advantages and disadvantages of a market economy. Kouz Theorem.
            Non-Perfect Competition
      • Basic types of the market structures in non-perfect competition
      • Profits maximization in the conditions of non-perfect competition
      • Pricing in oligopoly conditions
      • Monopsony
      • Profits maximization and price discrimination
      • Losses from non-perfect competition
      • Antimonopoly (antitrust) legislation and regulation of the economy
    3. Organization Forms of Economic Activities:
      • State enterprises
      • Private enterprise
      • Partnership (with the full, mixed and limited liability)
      • Joint stock company (closed, open)
      • Small enterprises,
      • joint ventures, trusts, holdings, cartels, associations and cooperatives
    4. Macroeconomics Basic Indicators and Basic Policy Instruments
      • Gross national product and its composition
      • Inflation.
      • Employment.
      • Balance of Payments.
      • Government Budget.
      • Social Indicators.
      • Investment-savings
      • Growth rates.
      • Policy instruments: fiscal, monetary policies.
    5. Problems of Transition to a Market Economy:
      • Basic features and problems of market transition. Formation of a market structure
      • Privatization
      • Macroeconomics stabilization
      • The role of the state in the formation of market structures
      • Microeconomics: de-nationalization of state enterprises
      • External economic relations
      • System of social protection
      • Role of antimonopoly and competition law
  2. ANTI-MONOPOLY & COMPETITION POLICY
    1. Basic Theory of the Firm. Costs Concepts:
      • Theory of the firm
      • target of the firm;
      • transaction costs and vertical mergers (opportunistic behavior, high transaction costs, monitoring costs, motivating workers);
      • organization within firms (hierarchies, internal organization of large firms);
      • ownership and control (forms of ownership, separation of ownership and control);
      • creation of firms
      • Cost concepts
      • types of costs, concepts;
      • economies of scale (reasons for arising, measurement measures);
      • cost concepts for multiproduct firms;
    2. Structures of the Market:
      • Competition
      • perfect competition (assumptions, behavior of a single firm, the competitive industry);
      • elasticity and the residual demand curve;
      • efficiency and welfare;
      • entry and exit from the market (restriction on entry, competition with few firms, definition of barriers to entry, identification of barriers to entry, the size of entry barriers by industry);
      • externalities/external effects (property rights, pollution, the rights for common use);
      • limitations of perfect competition
      • Monopolies, monopsonies and dominant firms
      • monopoly behavior (profit maximization, monopoly power, the incentive for efficient operation);
      • costs and benefits of monopoly (the deadweight loss of monopoly, rent seeking behavior, the positive aspects of monopoly, monopoly and externalities);
      • the relationships between profits and monopoly;
      • natural monopolies;
      • monopsony;
      • dominant firms with a competitive fringe;
      • Cartels
      • the reason for formation of cartels;
      • creation and development of cartels (factors that facilitate the formation of cartels, realization of a cartel agreement, cartel and price wars);
      • consumers gain as cartels fail;
      • legislation provisions on price maintenance and price fixing
      • Monopolistic competition
      • differentiated products (the effect of differentiation on the firms residual demand curve, preferences for characteristics of products);
      • the representative consumer model (under condition of undifferentiated and differentiated products);
      • location models;
      • hybrid models.
      • The structure of the market and its functioning
      • theories of price markups and profits;
      • structure - conduct - performance (measures of market performance, measures of market structure, the relationships of structure and performance);
      • modern approaches to measuring performance.
    3. Business practices:
      • Strategic behavior
      • Price discrimination
      • Vertical integration and vertical restrictions
      • Horizontal integration and horizontal restrictions
    4. Government Policies and their effects upon competition and economic development:
      • Enabling Environment
        • Government policies
        • Trade policies
        • Business laws and regulations
        • Judicial system to resolve conflict and enforce contracts
        • Business associations
      • Anti-monopoly laws and policy:
        • the anti-monopoly laws and their purposes;
        • market power and the definition of markets;
        • cooperation among competitors;
        • exclusionary actions and other strategic behavior;
        • price discrimination;
        • effects of anti-monopoly laws on the organization of firms.
      • Regulation:
        • the objectives of regulators (market inefficiencies, capture theory and interest-group theory);
        • making monopolies more competitive (government ownership, franchise bidding, price controls, rate-of-return regulation, quality effects);
        • making competitive industries more monopolistic (limiting entry, agricultural regulations);
        • deregulation.


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