Business regulation and compliance

Regulation is a central form of intervention in the world’s economies and societies and therefore a critically important area of study. This unit examines leading regulatory theories and their influence on the strategies used by various regulatory actors. These actors include the state and its enforcement agencies, civil society organisations, industry associations, enterprises and private individuals. We discuss theories of enforcement such as responsive regulation, as well as alternative regulatory systems including self-regulation, meta-regulation, private regulatory schemes and transnational regulation. Also featured is discussion of big data, artificial intelligence and the future of regulation. The unit draws examples from around the world, including Australia. You will examine and evaluate empirical evidence of the effectiveness of regulatory systems and apply this to the design of new regulatory approaches.