Introduction to Business Regulation

Catalog description

The purpose of this course is to help and guide business and policy students in understanding and recognizing the multiple motivations of society to control certain business activities, the several general approaches to regulation and what is understood of the outcomes, and to provide an appreciation through case studies of how different sectors manage in a regulated environment. The treatment is to include an evaluation of the concept of 'regulatory risk', the uncertainly about regulatory outcomes/changes which constitute a risk, the major risk in some industries, so that understanding and managing that risk is a significant aspect of profitability for many firms, and a consideration for policy makers. Specific emphasis will be placed on the healthcare, biotechnology, energy, and technology business sectors.