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LAW Regulatory Economics

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Health Law: General
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LAW 220

Regulatory Economics

Law School

Recommended for route(s):

[ Academia ] Health Law: General

Why it is relevant for ...

[ Academia ] as a Related Elective for those interested in IP in Regulated Industries : The health care and lifescience industries are highly regulated industries. Attorneys representing clients in these industries need to understand the regulatory oversight that may affect their clients' business development and innovation.

General course Description:

Law 220 examines public policies for dealing with problems arising in markets in which competitive forces are weak. The focus is on monopolies, oligopolies, cartels, and other environments where market mechanisms are unlikely to produce outcomes that benefit consumers more than the alternatives involving costly government intervention. The two main areas examined are competition policy and economic regulation. Competition policy refers to policies that define certain market behavior as illegal because it is harmful to competition. Economic regulation refers to policies in which government controls prices and/or decides which firms can participate in a market. Other areas of regulation, such as product and workplace safety standards, are not included in this course. This course is cross-listed with the Economics Department (Same as ECON 158). Elements used in grading: Class Participation, Attendance, Written Assignments, Final Paper and Final Exam.

Course Style: A Substantive/Statutory course deals with law, theory, and policy in the context of a particular code or statutory scheme.

Course Frequency: Varied, check w/ registrar

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