RMI 4025 - Law, Policy and Risk Regulation

3 Credit Hours

Prerequisites: BUSA 2106 or RMI 3750.
Corequisites: None.
Pre/Corequisites: None.
Requirements: Must meet RCB upper division course requirements and 45 semester hours.

Description
This course focuses on why large portions of the American economy are subject to government regulation (rather than private regulation) in order to address risks posed to individuals, firms, and society and to acheieve particular public policy goals. Private regulations relp on agreements or litigation among private parties to change the behavior of individuals and firms. Congress and state legislatures create government agencies to address issues that they have concluded cannot or should not be addressed through private, regulations. These government agencies create, implement, and enforce government regulations. The course focuses on the risk management process by requiring students to identify risks in the legal context and assess those risks using analytic tools of law and economics.