Government Regulation of Industry OpenCourseWare: A Free Bachelor Level Economics Class on Market Regulation by MIT

Published Mar 31, 2009

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The Massachusetts Institute of Technology (MIT) offers its 'Government Regulation of Industry' course as free OpenCourseWare. The original course was designed for students working toward undergraduate Economic degrees. The course introduced students to regulation of monopolies and socially-motivated regulation.

Government Regulation of Industry: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Government Regulation of Industry: Course Description

In the 'Government Regulation of Industry' lecture course taught by Professor Michael Pollitt, students studied how and why governments choose to regulate markets for products like electricity and air travel. Motivations and processes for deregulation were also covered. After reviewing basic microeconomic theories based on perfectly competitive markets, Bachelor of Science in Economics students learned about the regulation of natural monopolies (markets where only one firm can survive, or industries where consumers have an economic advantage with only one firm). The course concluded with a discussion of government tactics and motivations for regulating industry to protect the environment, consumers and workers.

This OpenCourseWare includes useful materials like lecture notes, assignments and solutions, exams with downloadable solutions, downloadable documents related to the course and links to related course content. If you are interested in taking this free online course, explore the market regulation by governments course page.

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