School: School of Habitat Studies
The Master of Arts / Master of Sciences (Regulatory Governance) (hereafter referred to as programme) seeks to provide a comprehensive understanding of contemporary regulation theory and emerging regulatory practice models, both at the national and international levels, taking on board oft-neglected critical dimensions such as equity, environment, democratic participation, and sustainability concerns. It is a multi-disciplinary programme and aims to develop socially responsible and environmentally conscious professionals in the emerging field of regulatory governance. Regulation is broadly understood as an effort by the state to address social or environmental risk, market failure, or equity concerns through rule-based direction of social and individual action (as defined by Planning Commission, GoI, see: planningcommission.nic.in/ reports/genrep/infra_reglawl.pdf ). The State currently regulates the private and public business sectors (like infrastructure, services, finance, technology, consumer goods) as well as social sectors (like public services, public health, safety, environment, human rights) in India.Regulation is done either by specially constituted autonomous regulatory agencies (such as the Electricity Regulatory Commissions, Telecom Regulatory Authority of India, Competition Commission of India) or by the respective government departments and ministries, administering the sector. Regulation seeks to achieve critical social, economic, and environmental goals including controlling monopoly practices, providing a level playing field for competition, protecting rights, promoting equity, enhancing efficiency, costeffectiveness, improving service quality, and reducing or ameliorating environmental impacts. There are various tools and mechanisms used for regulation such as tariff setting, determining quota or entitlement, setting service and other standards, adjudication, permits and concession contracts, and monitoring and enforcement.The programme equips the students with strong conceptual and theoretical understanding, as well as practical skills to analyze and design regulatory solutions for a given problem. This combination of theory and practical skills will help students to effectively engage in and with regulatory activities and processes, in various sectors. The programme is systematically structured as a sequence of courses of the following types, which act as its building blocks: (a) foundation courses (b) perspective courses providing exposure to critical debates (c) theory courses, (d) skill building components (e) courses providing exposure to field and (e) practical components. It provides an opportunity to build perspectives and skills within this complex discipline, through active learning from skilled experts and practitioners in the field. The programme is open to students from diverse disciplinary backgrounds ranging from economics, engineering, law, public policy, public administration, management, finance, political science, social work, pharmaceuticals, health and biotechnology, to name a few.The employment prospects for students after graduation in this emerging field are expected to be very high. Students of this programme will find employment in institutions and agencies within the burgeoning regulatory domain, ranging from government bodies, independent regulatory institutions, private and public sector enterprises, non-governmental organisations, law firms, management consultants and research centres.
Distribution of Credit Hours:
Notes: the Semester-wise listing of courses is provisional and is subject to revisions as per recommendations of the Academic Council.
$ The tentative list of the themes include: Self-regulation, Advanced Theme in Competition, Regulation of emerging Technologies#Students have to choose 3 sectoral courses from about 5 course offered. Tentative sectors identified for electives are: Occupational Health and Safety, Water, Energy, Micro-finance, Food safety.
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