LAW5362 - Regulatory methods - 2017

This unit provides 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 covered will include: regulation and regulatory design; state regulations versus social regulation; taxonomies of regulatory methods; input versus output-based regulation; rewards and incentives; choosing the best methods; ordering methods; regulatory impact statements; trust, technology and information; and economic, market and private regulation.

On completion of this unit students will be able to:

• apply knowledge and understanding of the concept of regulatory design with creativity and initiative to new situations in professional practice;
• investigate, analyse and synthesise complex information, problems, concepts and theories in relation to the taxonomies of regulation;

conduct research into the major techniques of regulation and the tools available to implement them based on knowledge of appropriate research principle and methods; and

• use cognitive, technical and creative skills to generate and evaluate at an abstract level complex ideas and concepts relevant to strengths and weaknesses of the regulatory techniques identified.

Written essay (1,500 words): 20%

Written essay (6,000 words): 80%

24 contact hours per semester (either intensive, semi-intensive or semester long, depending on the Faculty resources, timetabling and requirements)

Professor Arie Freiberg Research ProfileResearch Profile (http://www.monash.edu/research/people/profiles/profile.html?sid=7045227&pid=12537)