| Course ID: | ECON 4400/6400. 3 hours. |
| Course Title: | Economics of Public and Regulated Enterprises |
Course
Description: | The economic analysis of regulated and nationalized industries and organizations, with emphasis on the regulation of electric, natural gas, and telecommunications enterprises. Methods and implications of privatization of traditionally "public" enterprises are also considered. |
| Oasis Title: | PUBLIC ENTERPRISES |
| Prerequisite: | ECON 4010 |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | The class analyzes regulated and nationalized industries and organizations, with
emphasis on the regulation of electric, natural gas, and telecommunications
enterprises. Methods and implications of privatization of traditionally "public"
enterprises are also considered. |
| Topical Outline: | Economic Concepts of Regulation
Legal Concepts of Public Utility Regulation
Independent Regulatory Commissions
Goals, Procedures, and Theories of Public Utility Regulation
Accounting and Finance
Operating Expenses, Depreciation, and Taxes
The Rate Base
The Rate of Return
The Rate Structure
Service, Safety, and Management Efficiency
The Electric Power Industry
The Natural Gas Industry
The Telecommunications Industry
The Water Industry
Regulation as a Substitute for Competition |