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The global communications market has expanded enormously over the past decade. Communications has also become more integrated such that formerly separate markets are no longer so. In tandem, the monopolization of national markets has been abandoned in favor of competition involving players from previously distinct service markets. These developments have been associated with a change in regulatory regimes with a decisive shift towards market based oversight. Consequently, there is need for a deeper understanding of the relevance of economic principles to the private and public governance of communications firms and markets. This course seeks to provide such a foundation.