Government and the Market
Seoul, South Korea
Area of Study
Development Studies, Political Science, Public Policy Studies
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
In a modern polity, government intervenes in almost every aspect of the life of individuals,
businesses, and the market. In so doing, regulatory policies are one of the most-widely adopted
tools by the government. In recent years, government regulation has provoked a controversy
surrounding its rationales and effectiveness because of its great impact on the economy. The
complex nature of regulation requires a multi-disciplinary approach in order to assess the
rationales for and effectiveness of regulatory policies. In this light, the goals of this course are to introduce a comprehensive survey of literature on regulatory studies and to address the major
policy areas of regulation. Special stress is placed on the application of the theories to the real
policies we observe everyday. The first part of this course examines concepts, a brief history
and theories of regulation with an emphasis on the regulatory policymaking process. The
second part is concerned more with empirical questions as to the direct and indirect impacts of
regulation. At the end of the semester, it is expected that students will be equipped with a
critically analytic lens through which they can understand the regulatory policies of government
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations