The hypothetical problem that involves a regulatory strategy for Master's Programs for scientists, engineers, and medical professionals

Consider the hypothetical problem that involves a regulatory strategy for Master’s Programs for scientists, engineers, and medical professionals -> like the one that Northwestern Law School offers -> M.S.L -> http://www.law.northwestern.edu/academics/degree-programs/msl/

Consider a new strategy for regulating these new programs:
1. Who should do the regulating (and why?)
2. List and explain 2 – 3 regulatory objectives for your regulatory strategy
3. What should be (at least in broad outline) the regulatory process?
4. How would we measure success?

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