| CODE | PPL3108 | ||||||||||||
| TITLE | Regulatory Policy and Institutions | ||||||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | 6 | ||||||||||||
| ECTS CREDITS | 4 | ||||||||||||
| DEPARTMENT | Public Policy | ||||||||||||
| DESCRIPTION | Economic liberalisation and globalisation have led to an unprecedented number of regulatory and legislative reform initiatives in many regional economic pacts and in the domestic markets of most states. These changes were conceived to regulate newly-liberalised markets in fields such as telecommunications, energy, water and transport. The role, effectiveness and accountability of these regulatory bodies and instruments is a leading issue within public policy, with its own political context, actors, problems, rules of interaction, instruments, activities and impacts. This is to promote a better understanding of the issues concerning the regulatory functions of public and private bodies, operating at the domestic and international levels. This study-unit addresses the design, management and reform of regulatory regimes. Students will explore these concerns through scholarly studies, official reviews and case studies: - Regulation and Governance: What does regulation contribute towards good governance? Why do governments regulate? What is the relationship between markets and regulators? Can regulation limit corruption? Did poor regulation lead to a global crisis? - Regulation and Foreign Investment: What are regulatory indicators? Why are such indicators important to foreign investors? Do regulatory frameworks affect the ‘business environment’? Study-Unit Aims: This study-unit is intended to: - Present regulation and regulatory regimes as integral components of contemporary public policy; - Give students a sound understanding of the making of regulatory policies and institutions, the principles and pitfalls of regulatory policy operating within domestic, regional and international arenas; - Cause students to analyse the performance of regulators. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Understand the regulatory role of governments as part of good governance; - Recognise the effect of regulatory frameworks on corruption and other forms of maladministration; - Decipher the implications of effective regulation on the domestic business environment; - Identify the typology of regulatory regimes at the domestic, regional and international levels; - Examine the European Union's regulatory role. 2. Skills By the end of the study-unit the student will be able to: - Collect and analyse data on specific domestic regulatory regimes; - Write case studies dealing with specific regulatory scenarios; - Appraise regulatory scenarios. Main Text/s and any supplementary readings: - Brown, Ashley; Stern, Jon; Tenenbaum, Bernard and Gencer, Dafne (2006). Handbook for Evaluating Infrastructure Regulatory Regimes. Washington: The World Bank. - Drezner, Daniel W. (2007),All Politics Is Global: Explaining International Regulatory Regimes. Cambridge, Ms: Princeton University Press. - Hussein Kassim; Anand Menon (eds). (1996),The Regulatory Role of the EU, The European Union and National Industrial Policy, Basingstoke: Routledge. - Giandomenico, M. (2006), A European Regulatory State in Jeremy Richardson European Union: Power and Policy-Making. Basingstoke: Routledge. |
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| STUDY-UNIT TYPE | Lecture and Seminar | ||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | George Vital Zammit |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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