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Economics of Reforms and Regulations

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Shivangi Chandel

Shivangi Chandel

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What's inside

Syllabus

Economic Role of the Government

In this module, you will be introduced to a few known fundamentals of welfare economics, delineating efficient outcomes of a “perfectly competitive” market, albeit under strong assumptions. Through a simple market experiment, you will be able to learn that competitive equilibrium is a good predictor of price and quantity even if we assume weaker conditions. This module will answer some of the obvious questions such as why governments intervene in markets, and what are some of the reasonable grounds for governments to intervene in markets. To answer these questions, this module examines real markets that are “imperfect” and therefore unable to produce, consume, or distribute in accordance with what is best for everyone. Lastly, this module characterizes some of the dimensions of the debate on state-market dichotomy, both in the context of free-market advocacy and in the light of historical evidence of government failures across the world. The need for developing a mutually supportive system for market and non-market institutions is emphasized upon.

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Reading list

We've selected 50 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Economics of Reforms and Regulations.

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EU Competition Law

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Provides a concise overview of competition law in the European Union, covering the key concepts and principles.

EU Competition Law: Cases, Texts and Context

EU Competition Law: Cases, Texts and Context

Remedies in EU Competition Law: Substance, Process...

Fairness in EU Competition Policy : Significance...

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The Oxford Handbook of Public Policy

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This handbook provides a comprehensive overview of the field of public policy, with chapters on a wide range of topics, from theoretical foundations to specific policy areas.

The Oxford Handbook of Public Policy (Oxford...

By Michael Moran - The Oxford Handbook of Public...

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Australian Lawyers

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Provides a comprehensive overview of competition law in Australia, covering topics such as cartels, mergers, and state aid.

So You Want to Be a Lawyer?: A guide for current...

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EU Competition Law

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Provides a clear and concise introduction to competition law, covering the key concepts and principles.

EU Competition Law: Cases, Texts and Context

EU Competition Law: Cases, Texts and Context

Remedies in EU Competition Law: Substance, Process...

Fairness in EU Competition Policy : Significance...

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A follow-up to 'The Quest,' this book focuses on the rapidly changing energy landscape, including the rise of shale, the energy transition, and the geopolitical implications of climate change. It is highly relevant to contemporary energy policy discussions and provides valuable insights for both students and professionals. It helps deepen understanding of current global energy dynamics and their policy challenges.

The New Map: Energy, Climate, and the Clash of...

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Provides a comprehensive historical and geopolitical overview of energy. It is essential for gaining a broad understanding of how energy has shaped the modern world and the policies surrounding it. It serves as excellent background reading for anyone new to the field and is often referenced in academic and professional discussions. While not solely focused on contemporary policy, its historical context is crucial for understanding current issues.

The Prize: The Epic Quest for Oil, Money & Power

The Quest: Energy, Security, and the Remaking of...

(Pусский) В поисках энергии: Ресурсные войны, новые...

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Public Finance and Public Policy

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Provides a comprehensive overview of public finance and public policy, directly addressing the tools and analysis used to evaluate government intervention. It uses a blend of economic theory and real-world examples, making it highly relevant to understanding contemporary policy debates. This widely used textbook in public policy and economics programs.

Public Finance and Public Policy

Public Finance and Public Policy

Public Finance and Public Policy

Public Finance and Public Policy Fourth Edition

Public Finance and Public Policy

Public Finance and Public Policy

By Jonathan Gruber - Public Finance and Public...

Loose-Leaf Version for Public Finance and Public...

Finance and Public Policy (Korean Edition)

Public Finance and Public Policy & Wall Street...

Public Finance and Public Policy

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Understanding Regulation

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Provides a detailed examination of government regulation, a primary tool of intervention. It analyzes the political, economic, and policy aspects of how regulations are designed, implemented, and evaluated across different sectors. This book useful reference tool for understanding the mechanics of regulation.

Understanding Regulation: Theory, Strategy, and...

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Capital in the Twenty-First Century

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This highly influential book analyzes the dynamics of wealth and income inequality, presenting extensive data and arguing that without intervention, inequality is likely to increase. It has significantly impacted contemporary debates about taxation and wealth redistribution, key areas of government intervention.

Capital in the Twenty-First Century

Capital in the Twenty-First Century

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Health Policy Analysis

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Provides a practical guide to policy analysis, with step-by-step instructions on how to conduct a policy analysis. It valuable resource for students and practitioners alike.

Health Policy Analysis: An Interdisciplinary...

Health Policy Analysis: An Interdisciplinary...

Health Policy Analysis

Health Policy Analysis and Navigate Scenario for...

Health Policy Analysis with the Navigate 2 Scenario...

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Agendas, Alternatives, and Public Policies

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Provides a comprehensive overview of the public policy process, from agenda-setting to implementation and evaluation. It valuable resource for students and practitioners alike.

Agendas, Alternatives, and Public Policies, 2nd...

[(Agendas, Alternatives, and Public Policies,...

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Global Energy Politics

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Explores the intricate links between energy systems and international relations, covering security, economic, environmental, and justice aspects. It valuable resource for understanding the global dimensions of energy policy and is suitable for undergraduate and graduate students. It helps deepen understanding of how energy shapes geopolitical outcomes.

Global Energy Politics

The Politics and Institutions of Global Energy...

Global Energy Politics

The Politics and Institutions of Global Energy...

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Introduces the concept of nudges, which are small changes to the environment that can influence people's behavior without restricting their freedom of choice, and discusses their applications in various domains.

Nudge: The Final Edition

Nudge: Improving Decisions About Health, Wealth,...

Nudge: Improving Decisions About Health, Wealth,...

(Español) Nudge: Un pequeño empujón / The Final Decision...

推力：每個人都可以影響別人、改善決策，做人生的選擇設計師【終極增訂版】: Nudge: The...

(Français) Nudge : La méthode douce pour inspirer la bonne...

(Deutsch) Nudge: Wie man kluge Entscheidungen anstößt | Der...

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Economics of the Public Sector

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Authored by a Nobel Laureate, this book focuses specifically on the economic role of government. It delves into topics like public goods, externalities, taxation, and government spending, providing a solid understanding of the economic rationale and consequences of government intervention. This valuable reference tool and is often used as a textbook for upper-level undergraduate and graduate courses.

Economics of the Public Sector

Economics of the Public Sector (Fourth Edition)

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The Bankers’ New Clothes

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Examines the design and effectiveness of financial regulation, with a focus on the 2008 financial crisis. It offers insights into the causes of financial instability and proposes reforms to improve the resilience of the financial system.

The Bankers’ New Clothes: What’s Wrong with Banking...

The Bankers' New Clothes: What's Wrong with Banking...

The Bankers’ New Clothes: What’s Wrong with Banking...

The Bankers' New Clothes: What's Wrong with Banking...

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The Price of Inequality: How Today's Divided...

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Another work by Joseph Stiglitz, this book focuses on the causes and consequences of rising inequality, arguing that government policies have contributed to the problem and that different interventions are needed to address it. It is highly relevant to contemporary debates about the impact of government on income distribution.

The Price of Inequality: How Today's Divided...

(日本語) The Price of Inequality: How Today's Divided...

The Price of Inequality: How Today's Divided...

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Outlines practical policy steps that can be taken in key sectors like electricity, transportation, and industry to address climate change. It is highly relevant to contemporary energy policy as it focuses on actionable solutions and policy levers. It provides a clear and accessible framework for understanding how policy can drive decarbonization.

The Big Fix: Seven Practical Steps to Save Our...

大修復：拯救地球的七個實用步驟: The Big Fix: Seven Practical Steps...

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This book, authored by Nobel laureates, uses empirical evidence and randomized control trials to understand the economics of poverty and evaluate the effectiveness of various interventions aimed at alleviating it. It provides a data-driven approach to assessing the impact of specific programs and policies.

Poor Economics: A Radical Rethinking of the Way to...

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Health Economics

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Applies economic analysis to the healthcare sector, another significant area of government intervention. It examines the unique aspects of healthcare markets and the economic effects of various health policies and regulations. This book is useful for those interested in a major applied area of government intervention.

Health Economics (The Pearson Series in Economics)

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Short Circuiting Policy

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Delves into the political dynamics and interest group influence on clean energy and climate policy at the subnational level in the US. It provides a detailed look at the policy-making process and the challenges of implementing energy transitions. It is particularly useful for understanding the practicalities and political hurdles in enacting energy policy.

Short Circuiting Policy: Interest Groups and the...

Short Circuiting Policy: Interest Groups and the...

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Examines the link between oil wealth and political and economic development in resource-rich countries. It is highly relevant for understanding the geopolitical and economic complexities associated with fossil fuel reliance and the challenges of energy transitions in these nations. It offers valuable context for policies related to resource governance.

The Oil Curse: How Petroleum Wealth Shapes the...

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Carbon Democracy

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Critically examines the relationship between fossil fuels, particularly oil, and the rise of democratic politics. It offers a unique perspective on the political implications of energy systems and is highly relevant for understanding the historical roots of contemporary energy policy challenges. It significant academic work often used in higher education to provide a critical lens on energy and politics.

Carbon Democracy

Carbon Democracy

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Social Policy in the United States

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Provides a historical and sociological analysis of the welfare state in the United States, focusing on the role of political and economic factors in shaping welfare policy.

Protecting Soldiers and Mothers: The Political...

The Politics of Social Policy in the United States

Social Policy in the United States

Protecting Soldiers and Mothers: Political Origins...

Social Policy in the United States: Future...

The Politics of Social Policy in the United States...

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Who Regulates Whom and How?

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Provides a detailed overview of the legal and policy framework for financial regulation in the United States. It covers topics such as banking regulation, securities regulation, and consumer protection laws.

Who Regulates Whom and How? An Overview of U.S....

Who Regulates Whom and How? An Overview of U.S....

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Principles of Microeconomics

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Widely used introductory textbook that provides a strong foundation in microeconomic principles, which are essential for understanding government intervention in markets. It covers topics such as market forces, elasticity, and the economics of the public sector, including externalities and public goods. It is commonly used as a textbook at academic institutions and is valuable for providing prerequisite knowledge.

Principles of Microeconomics (MindTap Course List)

Principles of Microeconomics

Principles of Microeconomics

Principles of Microeconomics, 7th Edition

Principles of Microeconomics with MindTap, 8th...

Principles of Microeconomics

Principles of Microeconomics

Study Guide for Mankiw's Principles of...

Bundle: Principles of Microeconomics, Loose-leaf...

Principles of Microeconomics

Principles of Microeconomics (MindTap Course List)

Principles of Microeconomics

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The Road to Serfdom

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This seminal work argues that government planning and intervention in the economy can lead to a loss of individual liberty and pave the way for totalitarianism. It powerful argument against extensive state control and a key text in classical liberal thought. This foundational classic with significant historical impact.

The Road to Serfdom

The Road to Serfdom

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Medicaid And The Limits of State Health Reform

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Provides a detailed analysis of five successful public policy initiatives, offering lessons for how to design and implement effective policies.

Medicaid And The Limits of State Health Reform

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Public Policy Analysis

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Takes a decision-centric approach to public policy analysis, helping readers to understand how decisions are made and how to evaluate their effectiveness.

Public Policy Analysis

Public Policy Analysis (5th Edition)

Public Policy Analysis: An Introduction (4th...

Textbook Binding

Public Policy Analysis: An Integrated Approach

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Focuses specifically on solar energy, exploring the technological advancements and policy frameworks needed to accelerate its deployment. It is an excellent resource for understanding the specifics of solar policy and its role in the energy transition. It provides in-depth knowledge on a key renewable energy source.

Taming the Sun: Innovations to Harness Solar Energy...

Taming the Sun: Innovations to Harness Solar Energy...

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This Changes Everything

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Presents a critical perspective on the relationship between capitalism and the climate crisis, arguing that market-based solutions are insufficient. It challenges conventional thinking on energy policy and offers a more radical view of the systemic changes needed. It is valuable for stimulating critical thinking on the political economy of energy and climate.

This Changes Everything: Capitalism vs. The Climate

(Deutsch) Die Entscheidung: Kapitalismus vs. Klima (German...

(This Changes Everything: Capitalism vs. the...

Naomi Klein Collection 4 Books Set (This Changes...

(中文) This Changes Everything: Capitalism vs. The Climate...

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Principles of Economics

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This widely used introductory economics textbook covering both micro and macroeconomics. It introduces fundamental economic concepts, including the role of government in the economy, market failures, and the basics of fiscal and monetary policy. It is an excellent starting point for gaining a broad understanding of economic principles relevant to government intervention.

Principles of Economics

Principles of Economics

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Understanding Climate Change

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Offers an integrated approach to climate change, covering the science, policy, and practical aspects. It good resource for connecting the scientific basis of climate change to the policy responses in the energy sector. It is suitable for a broad audience and can serve as a textbook for introductory courses.

Understanding Climate Change

Understanding Climate Change

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Governing the Commons

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This Nobel Prize-winning work challenges traditional views on how common resources are managed, demonstrating that collective action and self-governance can be effective alternatives to government or market control. It offers a nuanced perspective on the necessity and forms of intervention. provides valuable alternative frameworks for thinking about resource management.

Governing the Commons (Canto Classics)

Governing the Commons (text only) by E. Ostrom

Governing the Commons: The Evolution of...

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This comprehensive economics textbook offers a broad overview of both microeconomics and macroeconomics, providing context for how government intervention fits into the larger economic picture. It discusses various economic systems and the role of government within them. It standard textbook in many introductory economics courses.

Economics: Principles, Problems, & Policies (McGraw...

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Predictably Irrational

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Explores the irrationalities of human behavior, discussing how emotions, social norms, and cognitive biases influence our decisions, and provides practical advice for making better choices.

Predictably Irrational, Revised and Expanded...

A Taste of Irrationality: Sample chapters from...

Predictably Irrational, Revised and Expanded...

The Irrational Bundle: Predictably Irrational, The...

(Pусский) Предсказуемая иррациональность: Скрытые силы,...

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Who Governs the Internet?

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Provides a detailed analysis of the impact of the internet on public policy, focusing on issues such as privacy, intellectual property, and telecommunications regulation.

Who Governs the Internet?

Who Governs the Internet?: A Political Architecture

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Sustainable Energy

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Provides a data-driven and quantitative approach to understanding sustainable energy options. It is excellent for gaining a practical understanding of energy consumption and renewable energy potential. While slightly older, its rigorous analysis remains highly relevant for evaluating the feasibility of different energy policies. It can serve as a valuable reference for technical aspects.

Sustainable Energy - without the hot air

Sustainable Energy - without the hot air

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Dilemmas of Social Reform

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Provides a historical analysis of social welfare policy in the United States, focusing on the role of paradigms in shaping policy outcomes.

Dilemmas Of Social Reform: Poverty And Community...

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Energy Policy in the European Union

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Provides a focused analysis of energy policy within the European Union. It is valuable for understanding the complexities of energy governance and policy-making within a major political and economic bloc. It can serve as a case study for supranational energy policy.

Energy Policy in the European Union

Energy Policy in the European Union

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Provides a cultural and historical perspective on the US electrical grid, highlighting its vulnerabilities and the implications for the future of energy. It helps to understand the infrastructure challenges related to energy policy and the energy transition. It offers a broader, less technical view that complements more policy-focused texts.

The Grid: The Fraying Wires Between Americans and...

The Grid: The Fraying Wires Between Americans and...

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Climate: A Very Short Introduction

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This concise book offers a clear and accessible overview of climate change science and its political implications. It is ideal for those seeking a broad understanding of the scientific basis for climate action and related energy policies. It provides essential background knowledge for understanding the drivers behind many contemporary energy policy discussions.

Climate: A Very Short Introduction (Very Short...

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Routledge Library Editions: Business and Economics...

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Provides an overview of the energy industry, covering various energy sources, markets, and business models. While not strictly a policy book, understanding the energy business is crucial for comprehending the context in which energy policies are developed and implemented. It is helpful for gaining a foundational understanding of the energy sector.

Routledge Library Editions: Business and Economics...

Routledge Library Editions: Business and Economics...

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Microeconomic Analysis

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This graduate-level textbook providing rigorous treatment of microeconomic theory. A deep understanding of microeconomic models is essential for advanced analysis of how government interventions impact markets and individual behavior. standard reference for graduate students and researchers.

Microeconomic Analysis

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Restoring Financial Stability

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Explores the causes and consequences of systemic financial risk and examines the role of financial regulation in preventing and mitigating such risks.

Restoring Financial Stability: How to Repair a...

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The Wealth of Nations

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Considered a foundational text in classical economics, this book articulates the benefits of free markets and limited government intervention. Reading Smith provides crucial historical context and an opposing viewpoint to theories advocating for significant government involvement in the economy. This foundational classic.

The Wealth of Nations

The Wealth of Nations: Books 1-3 (Penguin Classics)

The Wealth of Nations: The Economics Classic - A...

Wealth of Nations (Wordsworth Classics of World...

The Wealth of Nations

The Wealth of Nations (Modern Library)

The Wealth of Nations, Books IV-V (Penguin Classics)

An Inquiry into the Nature and Causes of the Wealth...

The Wealth of Nations

An Inquiry Into the Nature and Causes of the Wealth...

The Wealth of Nations

The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth...

The Wealth of Nations: Book I, II, III, IV, V...

The Wealth of Nations （Unabridged and Illustrated）

The Wealth of Nations - Classic Illustrated Edition

Adam Smith: The Wealth of Nations & The Theory of...

The Invisible Hand of the Market: The Theory of...

Economics. Premium Collection. Illustrated: The...

The Wealth of Nations

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Policies for Macrofinancial Stability

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Focuses on microprudential regulation, which aims to ensure the safety and soundness of individual financial institutions. It covers topics such as capital adequacy, liquidity risk, and stress testing.

Policies for Macrofinancial Stability: How to Deal...

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A Guide to Financial Regulation for Fintech...

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Provides a comprehensive overview of financial regulation in the European Union. It covers topics such as the Single Market for Financial Services, the European Banking Union, and the Capital Markets Union.

A Guide to Financial Regulation for Fintech...

A Guide to Financial Regulation for Fintech...

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The Choice Factory

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Explores the 25 most common behavioral biases that influence consumer behavior, providing insights into how businesses can use these biases to their advantage.

The Choice Factory: 25 behavioural biases that...

(Pусский) Фабрика выбора: Как преодолеть 25 препятствий,...

(中文) The Choice Factory (Chinese Edition)

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The Upside of Irrationality

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Explores the benefits of irrational behavior, arguing that it can sometimes lead to better outcomes than rational decision-making.

The Upside of Irrationality: The Unexpected...

(Pусский) Позитивная иррациональность: Как извлекать выгоду...

The Upside of Irrationality: The Unexpected...

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Effort

8 weeks of study, 6 hours/week

Level

Introductory

Via

Coursera

Institution

O.P. Jindal Global University

Instructor

Shivangi Chandel

Language

English

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