Dr C Hyde. Second year 316-202 Intermediate Micro-economics must be passed before this subject is taken. Second semester Lectures and/or tutorials averaging three hours per week. On completion of this subject students should be able to:

• extend their knowledge of privatisation and regulation via the independent study of books and articles dealing with theory and policy in this area and by taking advanced subjects dealing with these matters;
• judge the usefulness and the limitations of existing theory in this area;
• critically evaluate contemporary policy debates in this area with reference to economic principles as applied to the analysis of privatisation and regulation.

This subject will examine the interaction of government regulatory policy with both public and private enterprises. The subject focuses on both proposed and current privatisation policies and regulatory schemes for various Australian industries. Comparisons with overseas experiences will be drawn where appropriate. The first part of the subject presents an analytical framework in which these issues can be addressed. The remainder of the subject will focus on specific case studies. One 2-hour examination (80 per cent) and class assignments totalling approximately 2,500 words (20 per cent).