Course BA 4309.

001 Regulation of Business

InstructorLee Ann E. Butler, J.D.
Term Fall 2008
Mondays & Wednesdays
Meetings
10:30 – 11:45 AM in SOM 2.115

Professor’s Contact Information

I am (supposedly) changing offices soon, so I won’t list my office phone
number here. In the case of an emergency/lack of internet access (one in
Office Phone the same?), you may leave word with the departmental Administrative
Assistant, Ms. Beverly Young, at 972.883.2717 – otherwise, please
contact me by e-mail.
Office Location SOM 3.228 (for now)
Email Address leeannbutler@utdallas.edu
Office Hours 12:00 – 1:00 Wednesdays

General Course Information

Pre-requisites ECO 2302 (Macroeconomics) and MATH 1325 (Applied Calculus I)
This course examines the broad subject of government regulation of
business, and focuses on the source of the demand for government
Course Description regulation, its translation into legislation, its administration, and its impact.
Emphasis is placed on high impact regulatory programs, such as antitrust,
security regulation, health, safety, and environmental laws.
Learning You should leave this course with the ability to critically analyze current
Outcomes and proposed regulations from an economic perspective.
Market Regulation, Roger Sherman – First Edition (2008);
ISBN-13: 978-0-321-32232-6 (* this book is notated as “MR” in the assignment
table below)
Securities Law, Soderquist and Gabaldon – Third Edition
Required Texts & (2007); ISBN-13: 978-1-59941-203-0 (* this book is notated as “SL” in the
assignment table below)
Materials
The Economics of Public Issues, Miller, Benjamin, and
North - Fifteenth Edition; ISBN 0321416104 (* this book is notated as “EPI”
in the assignment table below )
Various websites, blogs, and on-line articles (see the
assignment table below and WebCT Web Links for specific sites)
Suggested Antitrust: The Case for Repeal, Dominick T. Armentano
Texts, Capitalism and Freedom, Milton Friedman
Readings, & Economics of Regulation and Antitrust, Viscusi, Vernon, and Harrington
Materials Securities Regulation: Examples & Explanations, Palmiter

These descriptions and timelines are subject to change at the discretion of the Professor.

Course Policies
Extra Credit There will be no extra-credit work available for this course. There is
nothing you can do to change your grade other than performing better on
subsequent exams and attending and participating in class meetings.
Late Work Work is due at the end of the class period on the assigned date.
Late work will not be accepted.
Special There will be no special assignments in this course. See “Extra Credit”,
Assignments supra.
 Your final grade for the course will be determined in one of two (2) ways.

OPTION A: Your course grade will be based on four (4) exams (each
counting for 22.5% of your final grade) and your attendance and
participation (10% of your final grade).

OPTION B: Your course grade will be based on four (4) exams (each
counting for 18.75% of your final grade), one (1) homework set (which will
account for 15% of your final grade and is described in detail below), and
your attendance and participation (10% of your final grade).
Grading Criteria
In order to maintain a fair and level playing field, all exam and homework
grades are based exclusively on academic achievement and are not a
reflection of need, desire, or even effort (although students who work hard
tend to make better grades than those who do not.)

A typical scale will be used for assigning letter grades: 98-100 = A+, 94-
97 = A, 90–93 = A-, 89–87 = B+, 86–83 = B, 82-80 = B-, 79-77 = C+, 76-
73 = C, 72 - 70 = C-, 69-67 = D+, 66–63 = D, 62–60 = D-, and below 60 =
F. Grades are non-negotiable. It is your grade to earn, not mine to give.

Should you decide to include homework as part of your graded

coursework it will account for fifteen (15%) of your final course grade.
Your homework will be due on the date of our last class meeting at the
end of the lecture (i.e., December 8, 2008 at 11:45 AM.) No late
OPTIONAL
homework will be accepted.
Homework Set
The homework set will be posted as a word document on WebCT. It is
comprised of 20 problems. You will need to answer each question fully
and thoughtfully to obtain full credit for the homework set.

There will be no make-up exams. Should you miss an exam for any
APPROVED and VALIDATED reason (see, infra), your final exam will be
re-weighted and will account for 37.5% (if you are doing the optional
homework set), or 45% (if you are not doing the optional homework set),
of your final grade. If you miss the final exam for any approved and
validated reason, you will be assigned an incomplete for the course (and
it will be your responsibility to contact me about taking your final
examination within the first 3 days of the semester following that in which
Make-up Exams you received your incomplete.) For more information about incomplete
grading, see the section titled “Incomplete Grades”, infra.

Approved absences: Death (of a close relative), serious illness (you),

religious events (see, infra), or participation in a University of Texas at
Dallas sanctioned athletic event (I will need advance notice of this one!)
All absences must be documented in order to be validated.
Documentation must be written and must be received by me no later than
10 days after the missed exam.
 Your attendance and participation in class discussion is expected (and
graded) in this class. You should be prepared to intelligently discuss the
topic of the day when called on (and you will be called upon), and you
should feel free to volunteer your thoughts and questions during the class.
Some material that is assigned for reading will not be discussed in class
and much of the material for this course (i.e., lecture material) cannot be
found in the required readings. All material assigned or discussed is fair
game for examinations. It should go without saying (but I’m saying it
anyway), that it behooves you to both read the assignments and
attend lectures regularly.
Class Attendance,
Participation, and Lastly, you may not use (or even turn on) any laptops, cell phones,
Decorum messaging devices, pagers, audio players, video players, sound
recorders, video cameras, headphones, microwave-ovens or any other
electronic devices during class time. Do not nap. Do not whisper to your
neighbors. Bathroom visits and/or cigarette breaks during class are
strongly discouraged.

Assignments & Academic Calendar

N.B.: These descriptions and timelines are subject to change at the discretion of the Instructor.

TOPICS, ASSIGNMENTS, EXAMS, ETC.

DATES N.B.: Numbers after book notations refer to chapters unless preceded by an “@”
in which case the number refers to a specific page.
08.25 Introduction; Syllabus review; Information sheets; OVERVIEW: EPI
Introduction to Part 1 & Chapter 1
08.27 INTRODUCTION TO REGULATION (Governmental & Societal Structure): MR
1; EPI 4
09.01 Labor Day – CLASS WILL NOT MEET
09.03 CONSTITUTIONAL LIMITS ON REGULATION: ”Federalism, State Sovereignty
and the Constitution: Basis and Limits of Congressional Power” a CRS Report @
http://fpc.state.gov/fpc/48937.htm
09.08
COMPETITION (perfect): MR 2; EPI 16
09.10
COMPETITION (failures): MR 3
09.15 THEORIES OF REGULATION: MR 10; EPI 5 & 20, “Democracy &
Responsibility” by Donald Boudreaux @
http://www.pittsburghlive.com/x/pittsburghtrib/opinion/columnists/boudreaux/s_468163.html
09.17 THE MODERN BUSINESS (Corporations): MR 4.1 – 4.4; (FLSA): EPI 10 & 12;
(Ethics): “Rethinking the Social Responsibility of Business” featuring Milton
Friedman, John Mackey, and T.J. Rodgers @
http://www.reason.com/0510/fe.mf.rethinking.shtml

09.22 PROXIES AND TAKEOVERS: SL 10, 11

09.24 EXAM 1
09.29 Exam return & review;
BANKING: MR 19.4, 24.1
10.01 SECURITIES REGULATION (INTRO): SL 2, 3
10.06 1933 ACT (SECURITIES AND REGISTRATION): SL 1, 5
10.08 REGISTRATION AND EXEMPTIONS: SL 4, 6, 7
10.13 1934 ACT & SOX: SL 9
10.15 SECURITIES LAW LIABILITY: SL 8, 12, 13
10.20 EXAM 2
 10.22 ANTITRUST: MR 8, EPI Intro to Part 4
10.27 Exam return & review; ANTITRUST (CON’T)
10.29 MONOPOLY: MR 5.1-5.3, 8.5, 9.1 (p. 305 – 309, only); EPI 17
11.03
MONOPOLY (con’t)
11.05
VERTICAL RESTRAINTS: MR 4.6, 9.1 (p. 303 – 305, only), 9.2 (from p. 320)
11.10 VERTICAL RESTRAINTS (con’t), plus HORIZONTAL RESTRAINTS: MR 4.5,
5.4-5.5, 8.6, 9.1 (@ P. 297-303), 9.2 (through the 1st paragraph on p. 320)
11.12
HORIZONTAL (con’t) plus, review
11.17 EXAM 3
11.19
SOCIAL REGULATION: MR 12, 19.1-1.2; EPI 15, 24, 27
11.24 Exam return & review; SOCIAL REGULATION: MR 20; EPI 3
11.26 ENVIRONMENTAL REGULATION: MR 21; EPI 2, 22, 28-29; “Baptists &
Bootleggers in Retrospect” by Bruce Yandell @
www.cato.org/pubs/regulation/regv22n3/bootleggers.pdf
12.01 WORKER REGULATION: MR 19.3, 22; EPI 11
12.03 IMMIGRATION & GLOBALIZATION: EPI 14, 21, 30-31; “Absorbing Immigrants”
by Donald Boudreaux @
http://www.pittsburghlive.com/x/pittsburghtrib/opinion/columnists/boudreaux/s_387
296.html ; “Treasure Island: The Power of Trade”: “Part I. The Seemingly Simple
Story of Comparative Advantage” and “Part II. How Trade Transforms Our
Standard of Living” by Russell Roberts @
http://www.econlib.org/library/Columns/y2006/Robertscomparativeadvantage.html
and http://www.econlib.org/library/Columns/y2006/Robertsstandardofliving.html

12.08 Catch-up day

(Optional homework DUE !!!)
12.12
FINAL EXAMINATION (cumulative)
8:00 AM

The faculty expects from its students a high level of responsibility and
academic honesty. Because the value of an academic degree depends
upon the absolute integrity of the work done by the student for that
degree, it is imperative that a student demonstrate a high standard of
individual honor in his or her scholastic work. Scholastic dishonesty
includes, but is not limited to, statements, acts or omissions related to
applications for enrollment or the award of a degree, and/or the
submission as one’s own work or material that is not one’s own. As a
Academic Integrity
general rule, scholastic dishonesty involves one of the following acts:
cheating, plagiarism, collusion and/or falsifying academic records.
Students suspected of academic dishonesty are subject to disciplinary
proceedings. Plagiarism, especially from the web, from portions of papers
for other classes, and from any other source is unacceptable and will be
dealt with under the university’s policy on plagiarism (see general catalog
for details). This course will use the resources of turnitin.com, which
searches the web for possible plagiarism and is over 90% effective.

The University of Texas at Dallas recognizes the value and efficiency of

Email Use communication between faculty/staff and students through electronic mail.
At the same time, email raises some issues concerning security and the
identity of each individual in an email exchange. The university
 encourages all official student email correspondence be sent only to a
student’s U.T. Dallas email address and that faculty and staff consider
email from students official only if it originates from a UTD student
account. This allows the university to maintain a high degree of
confidence in the identity of all individual corresponding and the security
of the transmitted information. UTD furnishes each student with a free
email account that is to be used in all communication with university
personnel. The Department of Information Resources at U.T. Dallas
provides a method for students to have their U.T. Dallas mail forwarded to
other accounts.

The administration of this institution has set deadlines for withdrawal of

any college-level courses. These dates and times are published in that
semester's course catalog. Administration procedures must be followed. It
Withdrawal from is the student's responsibility to handle withdrawal requirements from any
Class class. In other words, I cannot drop or withdraw any student. You must do
the proper paperwork to ensure that you will not receive a final grade of F
in a course if you choose not to attend the class once you are enrolled.

Procedures for student grievances are found in Title V, Rules on Student

Services and Activities, of the university’s Handbook of Operating
Procedures. In attempting to resolve any student grievance regarding
grades, evaluations, or other fulfillments of academic responsibility, it is
the obligation of the student first to make a serious effort to resolve the
matter with the instructor, supervisor, administrator, or committee with
whom the grievance originates (hereafter called “the respondent”).
Individual faculty members retain primary responsibility for assigning
grades and evaluations. If the matter cannot be resolved at that level, the
grievance must be submitted in writing to the respondent with a copy of
Student Grievance
the respondent’s School Dean. If the matter is not resolved by the written
Procedures
response provided by the respondent, the student may submit a written
appeal to the School Dean. If the grievance is not resolved by the School
Dean’s decision, the student may make a written appeal to the Dean of
Graduate or Undergraduate Education, and the deal will appoint and
convene an Academic Appeals Panel. The decision of the Academic
Appeals Panel is final. The results of the academic appeals process will
be distributed to all involved parties. Copies of these rules and
regulations are available to students in the Office of the Dean of Students,
where staff members are available to assist students in interpreting the
rules and regulations.

As per university policy, incomplete grades will be granted only for work
unavoidably missed at the semester’s end and only if 70% of the course
work has been completed. An incomplete grade must be resolved within
Incomplete Grades eight (8) weeks from the first day of the subsequent long semester. If the
required work to complete the course and to remove the incomplete grade
is not submitted by the specified deadline, the incomplete grade is
changed automatically to a grade of F.

The goal of Disability Services is to provide students with disabilities

educational opportunities equal to those of their non-disabled peers.
Disability Services is located in room 1.610 in the Student Union. Office
Disability Services
hours are Monday and Thursday, 8:30 a.m. to 6:30 p.m.; Tuesday and
Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30 p.m.

The contact information for the Office of Disability Services is:

 The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)

Essentially, the law requires that colleges and universities make those
reasonable adjustments necessary to eliminate discrimination on the
basis of disability. For example, it may be necessary to remove
classroom prohibitions against tape recorders or animals (in the case of
dog guides) for students who are blind. Occasionally an assignment
requirement may be substituted (for example, a research paper versus an
oral presentation for a student who is hearing impaired). Classes enrolled
students with mobility impairments may have to be rescheduled in
accessible facilities. The college or university may need to provide
special services such as registration, note-taking, or mobility assistance.
It is the student’s responsibility to notify his or her professors of the need
for such an accommodation. Disability Services provides students with
letters to present to faculty members to verify that the student has a
disability and needs accommodations. Individuals requiring special
accommodation should contact the professor after class or during office
hours.

The University of Texas at Dallas will excuse a student from class or other
required activities for the travel to and observance of a religious holy day
for a religion whose places of worship are exempt from property tax under
Section 11.20, Tax Code, Texas Code Annotated. The student is
encouraged to notify the instructor or activity sponsor as soon as possible
regarding the absence, preferably in advance of the assignment. The
student, so excused, will be allowed to take the exam or complete the
assignment within a reasonable time after the absence: a period equal to
the length of the absence, up to a maximum of one week. A student who
notifies the instructor and completes any missed exam or assignment may
not be penalized for the absence. A student who fails to complete the
Religious Holy
exam or assignment within the prescribed period may receive a failing
Days
grade for that exam or assignment. If a student or an instructor disagrees
about the nature of the absence [i.e., for the purpose of observing a
religious holy day] or if there is similar disagreement about whether the
student has been given a reasonable time to complete any missed
assignments or examinations, either the student or the instructor may
request a ruling from the chief executive officer of the institution, or his or
her designee. The chief executive officer or designee must take into
account the legislative intent of TEC 51.911(b), and the student and
instructor will abide by the decision of the chief executive officer or
designee.

Off-campus, out-of-state, and foreign instruction and activities are subject

to state law and University policies and procedures regarding travel and
Off-Campus
risk-related activities. Information regarding these rules and regulations
Instruction and
may be found at
Course Activities
http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm.
Additional information is available from the office of the school dean.
 Course Number BA 4309
Course Title Regulation of Business
Term Fall 2008
Meetings MW

Information Sheet

Name: ________________________________________________________________

Do you have any background information that would be relevant to this course (e.g.,
government employment, political volunteerism, small business/corporate experience)?

Do you work? If so, what is your job? What other jobs have you had?

What is your career goal?

Are you happy with the current times for course offerings here at UTD? If not, what
would be your ultimate schedule? (e.g., 5 classes back-to-back from 8am to 5 pm on Mondays
and Wednesdays, or all morning classes, or all nighttime classes, or lunch-hour classes, etc.)

Tell me a bit about how you think you learn best.

Tell me something interesting about yourself.

What grade do you expect to get in this class?