| 1. | Course Title | Selected Issues in Public Sector Economics | |||||||||||
| 2. | Code | 4ФЕИТ12004 | |||||||||||
| 3. | Study program | 17-REEKS | |||||||||||
| 4. | Organizer of the study program (unit, institute, department) | Faculty of Electrical Engineering and Information Technologies | |||||||||||
| 5. | Degree (first, second, third cycle) | Second cycle | |||||||||||
| 6. | Academic year/semester | I/1 | 7. | Number of ECTS credits | 6.00 | ||||||||
| 8. | Lecturer | Dr Ljubomir Kekenovski, Dr Vladimir Filipovski | |||||||||||
| 9. | Course Prerequisites | ||||||||||||
| 10. | Course Goals (acquired competencies):
After successfully completing this course, student will acquire knowledge and skills to understand and analyse: The role of the public sector in today’s mixed economies. The functioning of different market structures and their outcomes with respect to allocation of societal resources. The market failures as a basis for public intervention in different economic sectors. The natural monopolies as a type of market failure in public utilities and the government intervention in their regulation. The role of the public sector in providing public goods. The positive and negative externalities and their public regulation. Regulation, deregulation and promotion of competition. Forms of public-private sector partnership. |
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| 11. | Course Syllabus:
Introduction to public sector economics. 1.1 Defining the public sector. 1.2 Public sector in a mixed economy. 2. Key features of different types of market structures 2.1 Perfect competition 2.2 Monopoly 2.3 Oligopoly 2.4 Monopolistic competition 2.5 Market platforms for trading in electricity 3. Market failures and the role of public sector in their regulation. 3.1 Natural monopoly and public utilities 3.2 Externalities – positive, negative and network. 3.3 public goods and public interest. 4. Selected issues in public sector regulation. 4.1 Ownership and efficiency 4.2 Process of privatization and the public sector. 4.3 Regulation, deregulation, and promotion of competition • Concessions, BOOT, BOT. – Public-private partnership. (Public-Private Partnership) • Pricing policies in the public sector (marginal Ramsey prices). |
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| 12. | Learning methods:
Lectures with presentations and simulations, interactive student class participation, assignments and research project. |
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| 13. | Total number of course hours | 180 | |||||||||||
| 14. | Distribution of course hours | 3 + 3 | |||||||||||
| 15. | Forms of teaching | 15.1 | Lectures-theoretical teaching | 45 hours | |||||||||
| 15.2 | Exercises (laboratory, practice classes), seminars, teamwork | 45 hours | |||||||||||
| 16. | Other course activities | 16.1 | Projects, seminar papers | 30 hours | |||||||||
| 16.2 | Individual tasks | 30 hours | |||||||||||
| 16.3 | Homework and self-learning | 30 hours | |||||||||||
| 17. | Grading | ||||||||||||
| 17.1 | Exams | 40 points | |||||||||||
| 17.2 | Seminar work/project (presentation: written and oral) | 50 points | |||||||||||
| 17.3. | Activity and participation | 10 points | |||||||||||
| 17.4. | Final exam | 0 points | |||||||||||
| 18. | Grading criteria (points) | up to 50 points | 5 (five) (F) | ||||||||||
| from 51 to 60 points | 6 (six) (E) | ||||||||||||
| from 61 to 70 points | 7 (seven) (D) | ||||||||||||
| from 71 to 80 points | 8 (eight) (C) | ||||||||||||
| from 81 to 90 points | 9 (nine) (B) | ||||||||||||
| from 91 to 100 points | 10 (ten) (A) | ||||||||||||
| 19. | Conditions for acquiring teacher’s signature and for taking final exam | ||||||||||||
| 20. | Forms of assessment | ||||||||||||
| 21. | Language | Macedonian | |||||||||||
| 22. | Method of monitoring of teaching quality | ||||||||||||
| 23. | Literature | ||||||||||||
| 23.1. | Required Literature | ||||||||||||
| No. | Author | Title | Publisher | Year | |||||||||
| 1. | Kekenovski Ljubomir | Economics of the public sector | Faculty of Economics – Skopje | 2012 | |||||||||
| 2. | Fiti Taki, Filipovski Vladimir, Trpeski Predrag, Tashevska Biljana | Funamentals of economics | Faculty of Economics – Skopje | 2022 | |||||||||
| 23.2. | Additional Literature | ||||||||||||
| No. | Author | Title | Publisher | Year | |||||||||
| 1. | Jean Mishel Glashant, Paul Joskow, and Michael Pollitt (editors) | Handbook on Electricity Markets | Edward Elgar | 2021 | |||||||||
| 2. | Lecture notes, presentations, reports, relevant laws and regulations | ||||||||||||
