LAW7315

Regulatory methods ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Professor Arie Freiberg

Offered:
City Term 3 2006 (On-campus)

Synopsis: This subject is intended to provide an introduction to the range of instruments which can be used by regulators to obtain compliance. While it mixes theory and practice, it is oriented towards the practical application of regulatory methods and examines their strengths and weaknesses, the empirical evidence as to their effectiveness and the dangers in their use. Topics: Regulation and regulatory design, State regulation vs social regulation, Taxonomies of regulatory methods, Input vs output-based regulation, Rewards and incentives, Choosing the best methods, Ordering methods, Regulatory impact statements, Trust, technology and information, Economic, market and private regulation.

Objectives: * To understand the concept of regulatory design * To understand the taxonomies of regulation * To understand the major techniques of regulation and the tools available to implement them * To develop competence to critically identify the strengths and weaknesses of the regulatory techniques identified * To understand the main values against which regulatory methods and processes might or should be addressed. * To understand why and how regulatory methods fail.

Assessment: 1500 word essay three weeks after completion of subject (worth 20%) and 6000 word essay due approximately 8 weeks thereafter (worth 80%).

Contact Hours: 24 hours total per semester, either intensive or semi-intensive