AEM 3310 - Introduction to Business Regulation

Spring. 3 credits.

Prerequisite: Intermediate Micro at the level of ECON 3030, PAM 2000, or AEM 2600/AEM 2601; AEM 1200 or AEM 2200; AEM 3200 recommended but not required.

W. H. Lesser.

Business everywhere functions under regulation. Being able to operate effectively in a regulated environment is critical for business, especially so in heavily regulated sectors like pharmaceuticals, electricity generation, and finance. This class uses a case-based approach to understanding and functioning under regulations, with particular attention to consumer products, environment, communication, and finance. As a group project, students are asked to develop and present a case of their own on a business regulatory issue. Students also need to appreciate why societies regulate. In addition to the economic/efficiency explanations, the class reads excerpts from The Jungle, Silent Spring and other works and events like the Titanic sinking (which initiated radio regulation) and the Great Depression and Great Recession (which led to finance regulations).

Outcome 1: Attain analytical and functional competency in basic business and economic skills.

Outcome 2: Demonstrate the ability to solve practical business and economic problems and make an impact in society.