Undergraduate Module Descriptor

POL3195: The Politics of Regulation: Risks and Regulatory Failures

This module descriptor refers to the 2016/7 academic year.

Module Aims

The course will aim to: provide you with a good grasp of the most important debates and approaches to regulation; enhance your understanding of the challenges and trade-offs involved in regulatory policy; develop your ability to apply key insights to a variety of regulatory fields; advance your understanding of risk and the role of regulators and businesses in anticipating and managing risks.

To illustrate theoretical approaches, the course will draw on extensive empirical examples of regulatory policy in various domains (ranging from utilities, to financial or social regulation), with an emphasis on UK, EU and US examples.

Intended Learning Outcomes (ILOs)

This module's assessment will evaluate your achievement of the ILOs listed here – you will see reference to these ILO numbers in the details of the assessment for this module.

On successfully completing the programme you will be able to:
Module-Specific Skills1. demonstrate understanding of key theoretical debates and approaches to the study of regulation
2. demonstrate understanding of both generic regulatory issues as well as specificities of regulating key regulatory domains
3. demonstrate critical awareness of the challenges and trade-offs involved in anticipating and regulating risks and the limits of regulation
Discipline-Specific Skills4. apply key theories, models and concepts within the discipline
5. draw on and apply key theoretical insights and frameworks to specific empirical examples
Personal and Key Skills6. demonstrate advanced skills in written and oral communication, research and critical analysis
7. digest and dissect complex information and to build and present rigorous, adequately supported arguments

Module Content

Syllabus Plan

While the module’s precise content may vary from year to year, this plan is indicative of some of the main topics to be covered by the module. More details will be given and the plan finalised in the module syllabus available on ELE prior to the start of the course.

What is Regulation?

The Regulatory State &the ‘Risk Society’

Theories of Regulation: Public Interest, Capture, Rational Choice

Regulatory Tools and Approaches

Regulatory Agencies

Regulating Risks

Risk Governance: Comparative Approaches

Regulatory Enforcement

Regulatory Failures and Unintended Consequences

Regulatory Competition: Races to the Top, Races to the Bottom

Regulatory Reform &Innovation

Crisis Management &Preparing for Future Crises

Regulatory Oversight

The Future of Regulation

Learning and Teaching

This table provides an overview of how your hours of study for this module are allocated:

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
44256

...and this table provides a more detailed breakdown of the hours allocated to various study activities:

CategoryHours of study timeDescription
Scheduled learning and teaching4422 weekly sessions each lasting 2 hours, each consisting of a mix of formal lecture, student-led seminar, collective discussion and presentations
Guided independent learning256A variety of private study tasks directed by the module leader, including: reading and preparation of assigned readings for seminars (roughly 130 hours); the research, preparation and completion of essays (roughly 50-60 hours/per essay); research and preparation of the presentation (roughly 10 hours).

Online Resources

This module has online resources available via ELE (the Exeter Learning Environment).

A number of articles, reports or book chapters will be available for every topic on the module website. These will be supplemented with empirical materials from different government and non-government regulatory sources, as appropriate.