Readings in Regulatory Policy

This course provides an opportunity for the advanced student of financial services law to analyze fundamental economic and political principles of regulatory policymaking, as well as the historical context in which the regulation of the US financial markets has developed. Topics to be examined include: the regulatory legacy of the Populist and Progressive movements; "market failure" and "public interest" rationales for regulation; the role of transaction costs in the organization of market activity; cost-benefit analysis and the dynamics of risk regulation; "public choice" theory and the analysis of "government failure"; and regulatory reform. Assigned texts include works by Ronald Coase, Richard Hofstadter, Robert Reich, and George Stigler. In addition, each student will be asked to identify an issue of financial services regulation to examine in detail through independent readings and to direct class discussion about that issue.

Course Information
Course #: LAW 818
Program: LLM
Area of Study: Financial Services Law and Compliance
Credit Hours: Three credit hours.