BUSENV 1795 - BUSINESS AND POLITICS

Minimum Credits: 3
Maximum Credits: 3
Financial crises, the Covid 19 pandemic, and numerous recent events in industries as diverse as children's products, airliners, and citrus fruits have highlighted the increasing interdependence of business and government, as well as the means by which business gains strategic benefits from government regulation. The course begins with extended case studies on the Silicon Valley Bank collapse in 2023 and on the financial crisis that some call "the great recession" (and which someday may be called "The Panic of 2008," parallel to the other major financial panics in U.S. business history). The course compares public and private organizations, describes the regulatory system in the U.S., reviews the administrative procedures and performance of regulatory agencies, considers and assesses traditional as well as modern designs for regulation, and examines both regulatory failure patterns and the means by which firms gain strategic, competitive advantage through shaping government decisions and programs. In examining techniques of lobbying, the course focuses on the U.S. setting and identifies both effective and ineffective methods of lobbying. The course also covers issues management and crisis management. By the end of the course, students should have obtained a good working knowledge of the U.S. regulatory system, major instruments of regulation, and the typical interactive patterns of regulators and regulated parties. The course emphasizes current, real-world cases; it does not use "canned" published cases. Thus, this class both analyzes how the regulatory system works and uses current events in that system to generate deeper understanding of regulatory behavior in the U.S.
Academic Career: Undergraduate
Course Component: Lecture
Grade Component: Letter Grade

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