Course BA 4309.

501 Regulation of Business

Instructor Lee Ann E. Butler, J.D.
Term Spring 2009
Meetings Tuesdays, 7:00 – 9:45 AM in SOM 2.717

Professor’s Contact Information

Office Phone 972.883.5838, but e-mail is better
Office Location SOM 3.811
Email Address leeannbutler@utdallas.edu
Office Hours 11:30 – 12:30 Tuesdays or by appointment

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.
You should leave this course with a greater knowledge of and the ability
Learning
to critically analyze current and proposed regulations from an economic
Outcomes
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)
Required Texts & Securities Law, Soderquist and Gabaldon – Third Edition
Materials (2007); ISBN-13: 978-1-59941-203-0 (* this book is notated as “SL” in the
assignment table below)
Various websites, blogs, and on-line articles (see the
assignment table below and WebCT Web Links for specific sites)
Antitrust: The Case for Repeal, Dominick T. Armentano
Suggested
Capitalism and Freedom, Milton Friedman
Texts,
The Economics of Public Issues, Miller, Benjamin, and North
Readings, &
Economics of Regulation and Antitrust, Viscusi, Vernon, and Harrington
Materials
Securities Regulation: Examples & Explanations, Alan 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 three (3) exams

(accounting for 20%, 30%, and 40% of your final grade) and your
attendance and participation (10% of your final grade).

OPTION B: Your course grade will be based on three (3) exams

Grading Criteria (accounting for 20%, 25%, and 35% of your final grade), one (1)
homework set (which will account for 10% of your final grade and is
described in detail below), and your attendance and participation (10% of
your final grade).

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: 90-100 = A, 80–
89 = B, 70-79 = C, 60–69 = D, and below 60 = F.
Grades
Do not call or e-mail me to ask what grade you have received. I will only
discuss grades in person, in my office.

Grades are non-negotiable. It is your grade to earn, not mine to give.

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: 1) re-weighted to account for the missed exam, 2) cumulative, 3) all
essays and short answers. 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 by a third-party 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.
Class Attendance Some material that is assigned for reading will not be discussed in class
and Participation 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.
 Lastly, you may not use (or even turn on) any laptops, cell phones,
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.

DATE N.B.: Numbers after book notations refer to chapters unless preceded by an “@” in which
case the number refers to a specific page.
01.13
Introduction; Syllabus review; Information sheets; OVERVIEW;
INTRODUCTION TO REGULATION: MR 1, 10, 12, 19.1-19.2, 20
WORKER REGULATION: MR 19.3, 22; ENVIRONMENTAL
01.20 REGULATION: MR 21; “Baptists & Bootleggers in Retrospect” by Bruce
Yandell @ www.cato.org/pubs/regulation/regv22n3/bootleggers.pdf
PROTECTION: minimum wage, rent control, consumer protection, unions,
education: MR 23; “Schools of Thought” by Rick Henderson @
01.27 http://reason.com/9701/fe.rick.shtml; “The Minimum Wage: Good
(last day to drop Intentions, Bad Results” by Roger Koopman @
w/o “W” = 01.28) http://www.fee.org/publications/the-freeman/article.asp?aid=1456 ; “Big
Box” entries by Gary Becker & Richard Posner @ http://www.becker-
posner-blog.com/archives/2006/07/
02.03
EXAM 1
THE MODERN BUSINESS (Corporations): MR 4.1 – 4.4; Ethics:
“Rethinking the Social Responsibility of Business” featuring Milton
02.10 Friedman, John Mackey, and T.J. Rodgers @
http://www.reason.com/0510/fe.mf.rethinking.shtml; COMPETITION
(perfect): MR 2; COMPETITION (failures): MR 3
02.17 Exam return & review; ANTITRUST: MR 8
02.24 MONOPOLY: MR 5.1-5.3, 8.5, 9.1 (p. 305 – 309, only)
VERTICAL RESTRAINTS: MR 4.6, 9.1 (p. 303 – 305, only), 9.2 (from p.
03.03 320); 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)
03.10 EXAM 2
03.17 SPRING BREAK – no classes
03.24
SECURITIES REGULATION (INTRO): SL 2, 3
03.31 Corp governance; PROXIES AND TAKEOVERS: SL 10, 11; Exam return
& review
04.07 1933 ACT (SECURITIES AND MATERIALITY): SL 1,
04.14 1933 ACT: SL 4, 5, 6, 7
04.21 1934 ACT, SOX, & SECURITIES LAW LIABILITY: SL 8, 9, 12, 13
Catch-up day
04.28
(Optional homework DUE !!!)

TBA FINAL (finals = 5.7 – 5.13)

The faculty expects from its students a high level of responsibility and
Academic Integrity
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 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

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
Email Use 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
is the student's responsibility to handle withdrawal requirements from any
class. In other words, I cannot drop or withdraw any student. You must do
Withdrawal from
the proper paperwork to ensure that you will not receive a final grade of
Class
"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
Student Grievance obligation of the student first to make a serious effort to resolve the matter
Procedures 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 the
respondent’s School Dean. If the matter is not resolved by the written
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
eight (8) weeks from the first day of the subsequent long semester. If the
Incomplete Grades 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
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
Disability Services
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
Religious Holy for a religion whose places of worship are exempt from property tax under
Days 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 exam or assignment within the prescribed period may
receive a failing 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 Off-campus, out-of-state, and foreign instruction and activities are subject
Instruction and to state law and University policies and procedures regarding travel and
Course Activities risk-related activities. Information regarding these rules and regulations
may be found at
http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm.
Additional information is available from the office of the school dean.
 Course Number BA 4309.501
Course Title Regulation of Business
Term Spring 2009
Meetings Tuesdays

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?

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

What is your favorite movie and/or book?

Tell me something interesting about yourself.