POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

The Centre for Competition Policy at the University of East Anglia (UEA) is delighted to

offer a Postgraduate Certificate qualification in Competition and Regulatory Policy. The

course is designed to provide the core economic foundation for professionals practising

in competition law, applied economic regulation and related policy. The course is offered

in close collaboration and with the support of the UEA’s Norwich Business School, School

of Economics and the School of Law. The course is intended for professionals who are

seeking to deepen their understanding and capacities with respect to competition and

regulatory policy. Students study a variety of topics that can enhance their skills for case

work, government or advisory decision making.

BRIEF DESCRIPTION OF THE PROGRAMME

The course offers 8 modules in Competition and Regulatory Policy. Students will select

their 6 preferred modules and complete an assessment per module to obtain the Post-

graduate Certificate, awarded by the University of East Anglia. Students may also attend

modules on a credit-only basis, taking as few or many as suits their professional needs.

METHOD OF DELIVERY

Delivered online, each module will last six weeks and is designed to allow full-time working

professionals to study on a part-time basis. The modules are taught by a team of leading

international academics in the field of Competition Policy, Industrial Economics and Law.

The core program will run on a standard academic year, from late September onwards for

12 calendar months. The certificate can be completed in either 1 or 2 years, depending on

the student’s pace of study.

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

COURSE DIRECTORS

Sean Ennis and Farasat Bokhari

CCP is the UK’s leading inter-disciplinary centre focused on competition, regulation and

consumer policy. Since the Centre was founded in 2005 by Steve Davies, Morten Hviid,

Bruce Lyons and Catherine Waddams, it has conducted independent policy-relevant

research, organised bespoke professional development and provided specialist events

such as conferences, workshops and seminars. The CCP is a joint effort between the

Schools of Economics, School of Law, Norwich Business School and School of Politics,

Philosophy and Communications. We bring together experts, government officials and

practitioners from the fields of business, economics, law and political science to create

and communicate high-quality research. The Centre and its members have offered

professional training and specialist seminars on Competition and Regulatory issues to

national and international entities, including the UK’s Government Economic Service,

BEIS, CMA, DCMS, Ofcom, Ofgem, Ofwat and competition authorities from outside

the UK. The Postgraduate Certificate in Competition and Regulatory Policy marks the

first University-awarded degree offered through the Centre as part of its professional

training portfolio.

TIMING

Applications for September cohort are now open. Entry points are also available

in January and April. General enquiries can be made to ccp@uea.ac.uk

ABOUT THE CENTRE FOR COMPETITION POLICY (CCP)

REGISTER YOUR INTEREST HERE

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

The postgraduate certificate is primarily aimed at working professionals in competition

and regulation, with cases and examples drawn from many jurisdictions. It would benefit

people in the following situations:

• Competition authority officials who wish to enhance and refine their skills and

capacities, particularly with an option to learn about both existing and newer

areas of practice

• Regulatory officials who want to understand relevant economic theories, develop their

empirical skills and comment on empirical techniques used in matters before officials

• Economic consultants wishing to enhance and refine their skills and capabilities

• Professionals with an economics, mathematical or data-oriented background

wishing to enter the field of competition and regulatory policy

• Government department officials with a responsibility for topics related to

competition and economic regulation

• Researchers who wish to better understand practical questions

of importance to practitioners in competition and regulation

HOW WILL YOU BENEFIT?

After taking this course, you will have an understanding and capacity to apply

best practice economic techniques and analysis to competition law investigations,

regulatory decision-making and company strategy on competition and regulation.

This can create enhanced professional opportunities for:

• Competition authority and regulatory officials

• Economic consultancy

• Private company compliance and policy units focused

on regulation and competition policy

• Think tank and research centre work with an applied focus

WHO SHOULD TAKE THIS?

Core Industrial Organisation.

How are different elements of industry structure and contracting practices related to

demand and welfare? What are the types of situation in which market power arises and

is exercised? How does this impact welfare and innovation? These and other related

questions will be addressed by this module. This module covers mid- to advanced-level

topics in industrial organisation. In covering these topics, the objective is to cover the key

topics to provide theoretical underpinnings for understanding regulatory and antitrust

issues and help understand the importance of incentive compatibility and participation

constraints. Specific areas of focus will include traditional topics such as foundations of

demand, monopoly and oligopoly models, vertical and horizontal product differentiation,

entry deterrence, and predation and advertising.

Special Topics in Industrial Organisation.

This module will build on topics covered in the Core Industrial Organisation module,

with a narrower but more in-depth focus. Potential topics are described below. Much of

the module will cover subjects with direct relevance to networks and platforms, such as

new developments in vertical restraints, competing marketplaces, multi-sided markets

and Most Favoured Nation clauses. The module may look at the challenges policymakers

face when asked to investigate price discrimination and why concerns about algorithmic

pricing and collusion may be overplayed. Contemporary debates about the approach

of competition authorities to merger analysis and developments in EU State Aid rules

may also be explored. The insights gained will provide participants with the ability to

meaningfully engage with recent and future competition cases of significance that they

may encounter through their work. (Core Industrial Organisation is a prerequisite or

approval from the instructor).

Core Statistics.

This module is designed to help students understand statistics, and probability theory

and to learn to explore, compute and understand summary statistics from empirical

observations. The focus will be on those elements of applied statistics that are repeatedly

called for in a legal and regulatory setting, including antitrust. Main topics will include

means, variances, correlations, law of large numbers, central limit theorem, distributions,

hypothesis testing and introductory econometric topics including linear regressions and

estimating probability models. The class could also provide introduction and training in

statistical software such as Stata or R.

MODULE OVERVIEW

(Students must successfully complete 6 of 8 modules for the Postgraduate Certificate)

Empirical Industrial Organisation.

This module will build on the basic techniques mastered in the first class and will focus on

econometric techniques that allow for causal inferences. Topics will include panel datasets,

difference in difference estimators, propensity score matching methods, logit and probit

methods, and instrumental 2-variable models. The purpose will be to allow students to

confront and test their theories successfully with real world data, with a particular focus on the

types of applications that are needed for legal and regulatory settings, including antitrust,

and understanding on how to interpret results. (Core statistics is a prerequisite or approval

from the instructor).

Digital Policy.

As business reliance on digital platforms increases, government interventions in the digital

aspects of economic activity are also rapidly evolving. These interventions fundamentally alter

business opportunities and responsibilities. This module will develop your understanding of

actual and potential future government regulation on the internet, including international

differences, providing you with insights on what regulations are set up and why. Topics

covered will include market power in platforms and ecosystems, personalised pricing and

cartel risks, mergers and merger remedies, rating and choice sites, tax, privacy, news,

consumer protection and privacy. These insights will provide value through better

understanding of private and government constraints, and improved ability to design

digital policies and strategies in response.

Behavioural Policy.

This module will explore the implications of behavioural economics for competition policy,

consumer policy and regulation. It will examine the main behavioural heuristics and biases

that are relevant to market outcomes, links between them, and will discuss the available

evidence supporting the existence of these biases. It will investigate from a theoretical

perspective, drawing on behavioural industrial organisation literature, how these biases

might be expected to affect consumer outcomes. It will then consider the policy and

practical case implications of this, as well as implications for remedy design. The focus will

be on consumer biases, but supply-side biases will also be considered. The module will

also provide an introduction to empirical techniques for assessing behavioural biases, and

tools to address them, using laboratory experiments or randomised controlled trials.

MODULE OVERVIEW

(Students must successfully complete 6 of 8 modules for the Postgraduate Certificate)

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

Regulatory Economics.

This module will focus on the core elements of regulatory economics underlying

oversight of natural monopolies. The module will begin with a discussion of natural

monopoly and other market failures that may justify regulatory intervention, with a

focus both on ensuring investment incentives are maintained while consumers are

appropriately protected from monopoly power. Topics covered will include definition

and application of market failures and other rationales for government intervention

(such as financial stability’ health and safety, reducing risks, public goods, externalities),

financial analysis of profits and margins, calculating weighted average cost of capital,

distinguishing potentially competitive activities from monopoly activities, forms of

structural separation, rate of return regulation, benchmark regulation, price cap

regulation, maintaining incentives for individual decision-making, vulnerable consumers,

paternalism and unintended consequences of government action and competition,

and debt-equity ratios for regulated companies.

Competition and Regulatory Law.

This module aims to enable participants to consolidate their knowledge of competition

rules and discuss some of the main problem areas that pose difficulties for competition

analysis in practice. Each teaching session will consist of a presentation of the relevant

area of law with subsequent discussion of cases or critical papers. Participants are

encouraged to prepare material for each session to actively participate in the case/paper

discussion. The module will cover all main areas of competition law analysis including

Articles 101 and 102 TFEU, Merger control, market investigations, remedies and relevant

procedural aspects.

MODULE OVERVIEW

(Students must successfully complete 6 of 8 modules for the Postgraduate Certificate)

Farasat Bokhari: Associate Professor in the School of Economics and Centre for Competition Policy at the University of East Anglia.

Farasat is an industrial organisation and health economist with expertise in

applied econometrics and health policy analysis. His research interests include

competition, antitrust, and technologies in hospital and pharmaceutical

industries. His current research is focused on various strategies adopted by

pharmaceutical firms to prevent generic entry (e.g., pay-for-delay, launching

authorized generics, product hopping, product proliferation and de-branding).

He also works in areas of outcomes research and research methods in health

care and has organised competition authority economics training. Farasat

received his Ph.D. in Public Policy and Management from the Heinz School

at Carnegie Mellon University, USA. Prior to joining UEA, he taught at King’s

College London (Dept of Primary Care and Public Health Sciences) and Florida

State University (Department of Economics), and before that was a post-

doctoral fellow at the University of California, Berkeley (School of Public Health).

Sean Ennis: Professor of Competition Policy in the Norwich Business School and Director of the Centre for Competition Policy at the University of East Anglia.

Sean has extensive experience in government work and competition law and

policy. Previously, he was a Senior Economist in the Competition Division

of the OECD. For two years, he was Executive Director of the Competition

Commission of Mauritius, where he was the chief executive in charge of

running Mauritius’ independent competition authority. Prior to that, Sean

worked as an economist at the European Commission’s DG Competition and

at the U.S. Department of Justice’s Antitrust Division, developing economic

analyses for competition law investigations. Sean has been involved in

competition law and regulatory training around the world and

in proceedings including with the European Commission, the U.S.

Department of Justice and the U.S. Federal Communications Commission.

LECTURER PROFILES

Amelia Fletcher: Professor of Competition Policy in the Norwich Business School and Deputy Director of the Centre for Competition Policy at the University of East Anglia.

Amelia’s academic work focuses on competition policy, consumer policy

and sector regulation, with a particular focus on behavioural economics and

digital markets. Amelia has a DPhil and MPhil in economics from Nuffield

College, Oxford. She has been a Non-Executive Director of the Financial

Conduct Authority (2013-20) and Payment Systems Regulator (2014-20)

and Chief Economist at the Office of Fair Trading (2001-2013). Amelia is

a Non-Executive Director of the Competition and Markets Authority, a

member of the Enforcement Decision Panel at Ofgem, and a member of

DG Competition’s Economic Advisory Group on Competition Policy. She was

recently a member of the HM Treasury-commissioned Digital Competition

Expert Panel, which reported in March 2019. She was appointed OBE in 2014

and CBE in 2020.

Kai-Uwe Kuhn: Professor of Economics and Deputy Director of the Centre for Competition Policy at the University of East Anglia.

Kai-Uwe Kühn has advised on all aspects of competition matters for 25 years.

He has served as the Chief Economist of DG Competition at the European

Commission. Prof. Kühn spent most of his academic career at the University of

Michigan prior to joining UEA. His research includes theoretical, experimental,

and empirical industrial organization covering a wide range of topics including

durable goods, vertical integration, vertical restraints, market foreclosure, the

impact of credit constraints on market behaviour, as well as collusion and the

coordinated effects of mergers. It has been published in leading journals like

the Journal of Political Economy, the Rand Journal of Economics, the American

Economic Journal: Microeconomics, and the Journal of the European Economic

Association. He has been the co-editor of the Journal of Industrial Economics.

He has wide-ranging and frontier-leading experience with complex antitrust,

cartel and merger cases across jurisdictions.

LECTURER PROFILES

Franco Mariuzz: Associate Professor in Econometrics in the School of Economics and member of the Centre for Competition Policy, at the University of East Anglia.

Franco obtained his Bachelor degree in Economics and Commerce from the

University of Venice and a Master’s degree in Economics and Finance from

Venice International University. He completed his Doctorate in Quantitative

Economics in 2004 at the University of Venice. He collaborated on the

first wave of SHARE: Survey of Health, Ageing and Retirement in Europe

in 2004. Prior to UEA, he covered the position of contract lecturer at the

Department of Economics, Trinity College Dublin (2004–2007); postdoctoral

research position at the Department of Economics and Econometrics of the

University of Groningen (2007–2008); research associate position at Geary

Institute, University College Dublin (2008–2011). His industrial organisation

research experience is extensive, with an emphasis on quantitative

techniques. He has prior experience teaching in a programme of

economic training for competition authorities.

Sebastian Peyer: Associate Professor in Law and member of the Centre for Competition Policy, at the University of East Anglia.

Sebastian has a German and English legal background, having graduated from

the University of Potsdam (Germany) and obtaining an LLM and PhD from UEA.

Sebastian has widely published on the private enforcement of competition law

and his work has been cited in the UK Government’s consultation on options for

the reform of private antitrust actions. His research interests include competition

law, tort law, law and economics and empirical legal studies. Sebastian serves

as the Vice-Chair on the American Bar Association (ABA) Scholar in Residence

Selection Committee. He was a visiting scholar at Georgetown Law School with

a grant from the ABA Section of Antitrust Law. Sebastian has extensive teaching

experience in tort law, competition law, law and economics and EU law.

He has prior professional teaching experience participating in judges’

training programmes in Ireland and Europe.

LECTURER PROFILES

POSTGRADUATE CERTIFICATE IN COMPETITION AND REGULATORY POLICY

Morten Hviid: Professor of Law and member of the Centre for Competition Policy, at the University of East Anglia.

Morten Hviid is a professor of law specialising in competition law, contract law,

tort law and the economics approach to law. He is a founding member of the

Centre for Competition Policy. Morten holds an MA and a PhD in Economics

from University of Warwick as well as an economics degree from University of

Aarhus, Denmark. He is currently a member of the Advisory Board of the Centre

for Business Research, Cambridge University, the Registered Experts Advisory

Group of the UK Intellectual Property Office and the UK energy regulator

Ofgem’s academic panel.

Elias Deutscher: Lecturer in Competition Law and Intellectual Property and member of the Centre for Competition Policy, at the University of East Anglia.

Dr Elias Deutscher is a Lecturer in Competition Law and IP at the University

of East Anglia Law School and a research member of the Centre for

Competition Policy (CCP). Elias’ area of research covers competition law,

the interplay between competition and intellectual property law, and

general EU law. The focus of his research lies on the normative, historical,

and economic foundations of EU and US competition law, as well as the

new challenges for competition law and policy in the digital era. Elias has

published on merger control in digital markets, the interplay between

competition law and privacy, as well as the democratic functions of

competition law. Elias’ current research projects include the proposed

regulations of digital platforms at the EU and UK level, merger control in

mobile telecommunication and innovation markets, and vertical online

restraints. Elias also works on a forthcoming monograph on the

relationship between competition, competition law, and democracy.

LECTURER PROFILES

CENTRE FOR COMPETITION POLICYUniversity of East Anglia, Norwich Research Park

Norwich, Norfolk NR4 7TJ

T: +44 (0) 1603 59 3715 E: ccp@uea.ac.uk

W: competitionpolicy.ac.uk

*Teaching may be supplemented by additional guest lecturers on the course and lecturers may be subject to change. Modules may be subject to minimum numbers.

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