Financial crises, world pandemics, climate change and online hate speech are just a few examples of the complex social and economic problems that governments have faced in the last decades. To address these challenges, regulatory governance has been consolidated as the dominant paradigm of government intervention, relying heavily on rules and standards to “steer” the economic or social activity, rather than “rowing” to provide economic and social welfare. This form of governance has at its core the institutional milestone of granting political independence to expert bureaucratic bodies, as well as endowing them with significant statutory capacities. How do these systemic governance features affect regulation and the relationship between regulatory policies and their outcomes? In this course, students will learn a comprehensive approach to analysing regulatory polices based on the study of the inputs, outputs and expected outcomes of policy interventions. Throughout the course, students will acquire a practical understanding of the suitability of regulatory policies by placing them within the broader political economy of a state or region. The course will provide students with theoretical skills to analyse policies across the spectrum of the regulatory process (e.g. rulemaking, supervision, enforcement, dispute resolutions, etc.), enabling them to assess what should be expected from the impact of a certain regulatory policy on a particular context.
This course is for 2nd year MIA and MPP students only.