Prof Martin Lodge, Prof Veerle Heyvaert, and Dr Michael Lerner

This course is compulsory on the MSc in Regulation. This course is not available as an outside option.

The course aims to give students an essential grounding in theories of regulation encountered in the legal, political science and law and economics literatures. It examines competing explanations of the origins, development and reform of regulation; the styles and processes of regulation; issues surrounding enforcement; the inter-organisational and international aspects of regulation; and questions of evaluation and accountability. Additional sessions offer an introduction to regulatory economics and practitioner-led seminars.

This course will be delivered through a combination of seminars and lectures, amounting to a minimum of 50 hours across the Autumn and Winter terms. This course includes a reading week in Week 6 of both terms.

All students are expected to produce two written essays.

R Baldwin, M Cave and M Lodge, Understanding Regulation (2012); K Yeung and M Lodge, Algorithmic Regulation (2019); C Hood, H Rothstein & R Baldwin, The Government of Risk (2001); C Sunstein, Risk and Reason (2002); R. Baldwin, M. Cave and M.Lodge, Oxford Handbook of Regulation (2010); M Lodge and K Wegrich, Managing Regulation (2012); D. Carpenter and D. Moss, Preventing Regulatory Capture (2013).

Exam (75%, duration: 3 hours) in the spring exam period.
Essay (25%, 2500 words) in the ST.

The summative assessment is composed of:

• Exam (75%, duration: 3 hours) in ST.
• Individual research paper (25%, 2500 words), to be submitted in Week 1 of ST.