Economics Debate Regulations Regulations: a legal provision that creates, limits, or constrains a right, creates or limits a duty, or allocates a responsibility. Regulation can take many forms: legal restrictions promulgated by a government authority, contractual obligations that bind many parties (for example, "insurance regulations" that arise out of contracts between insurers and their insureds), selfregulation by an industry such as through a trade association, social regulation (e.g. norms), co-regulation, or market regulation. One can consider regulation as actions of conduct imposing sanctions, such as a fine, to the extent permitted by the law of the land. The class will split into groups of 4. In each group, 2 will students will be on one side, and 2 on the other. The debate will be centered on the pros and cons of regulation. 2 students will argue that government regulation on the economy is beneficial to free markets, while the other 2 students will argue that government regulation is harmful to free markets. Each group will focus on a particular aspect of the economy. 1) Wall Street/Banking 2) Environment 3) Health/Safety 4) Labor and Employment Policy 5) Media/Communications/ Technology **** Your debate analysis should focus on both the pros or cons of regulations generally on your area of interest AND historical examples that will prove your point. You can quote relevant and important economic and political leaders past and present as well. Debate Structure --Opening Statement: 4 minutes for pro-argument (2 min each) 4 minutes for con-argument (2 min each) --Rebuttal: 2 minutes for each (pro-and con)…you can work together as a pair. --Closing statement for each group