Law and Economics

Economic theory provides the jurist and the lawyer with tools to analyze the effects of legal rules on the behavior of individuals and firms. Based on the assumption that individuals act rationally, economic analysis of the law allows one to examine the expected outcomes from adopting a certain legal rule, and the welfare effects of such a rule, including its implications over efficiency, equality and fair distribution. This course provides a one semester introduction to the field of law and economics. Topics to be covered include property law, tort law, contract law, procedure, and criminal law.

Class Details

Meeting Days Time Location
Monday, Wednesday, Thursday 3:45 - 5:35 pm JON 5.201
Evaluation Method Date Time Alpha Range Room

Additional Information

Course Type
Grading Method
Pass/Fail Not Allowed


  • Foundations of Economic Analysis of law - shavell, steve
      Harvard-Belknap , edition: 2004
      ISBN: ISBN-13: 978-0674011   (required)
  • (this book is optional but recommended) Introduction to Law and Economics - A Mitchell Polinsky
      Wolters Kluwer , edition: 2011
      ISBN: ISBN-13: 978-07355   (optional)


Klement, Alon Klement, Alon