Market Regulation for Executives

Catalog description

This intensive graduate-level course examines U.S. federal regulation of markets, from theoretical foundations to practical application. We will explore regulatory policy and administrative processes, with a focus on antitrust, transportation, aviation, food and drug, environmental protection, and firearms policy. Students will analyze regulatory rationales such as addressing market failures, ensuring safety, and mitigating negative externalities, while also gaining a better understanding of the administrative law, longstanding Presidential frameworks that guide federal regulation, and the role the White House Office of Information and Regulatory Affairs (OIRA) plays in the Federal regulatory process. Students will also gain a better understanding of the role of the U.S. Food and Drug Administration (FDA), U.S. Department of Transportation (DOT), and the U.S. Department of Justice (DOJ). Through case studies, participants will compare examples of regulatory successes, failures, and controversies, and assess both intended and unintended outcomes. Course material and instruction sit at the intersection of economics, law, risk, and public policy, and coursework will require weighing efficiency, safety, public welfare, and constitutional or legal constraints in the design and application of regulations. Students are expected to have thoroughly read all materials prior to class and be well-prepared to discuss readings/cases/case memos with peers and colleagues.