Term Paper
Pick some current or historical regulation. Explain briefly the nature of the regulation. What are the laws, agencies, etc.? Explain the rationale for the regulation, what the sponsors of the regulation said they wanted to achieve, or what is on the surface considered to be the purpose of the regulation. From what you have learned in this course analyze the expected and actual effects of the regulation. Offer a judgment about it. Is it worthy, valuable, the most efficient way to achieve its aims, etc.
The following are off-limits: Minimum wages, rent controls.
Some candidates are:
subsidies to farmers, anti-discrimination laws, protection from foreign producers, tax-exemptions, work-safety, the TSA, interstate commerce, regulation on the internet, and many others.
The paper should be between 5 and 10 pages, double-spaced, 12 point, Times New Roman. It will be checked for plagiarism. Please list all your sources at the end under references.
I would like to see the application of the frameworks we have developed in this course, notably.
· Type I / Type II errors
· knowledge and incentive problems
· costs and benefits
· burden of proof