Law and Economics

This course introduces you how to use economic reasoning to analyze legal issues. The course will focus on the common law areas of property, contracts, and tort as well as the legal process and criminal law. Economic analysis of law analyzes legal rules with one main question in mind: how will people and firms respond to a given legal rule? That is, rather than look at the inherent "fairness" or "justness" of a legal rule, law and economics focuses on the incentives that a legal rule creates. The normative aspect of law and economics then asks how legal rules should be structured to create the most desirable incentives.

Class Details

Meeting Days Time Location
Monday, Tuesday 2:15 - 3:30 pm TNH 3.127
Exam Type Date Time Alpha Range Room
Final 12/14/16 8:30 am A-Z
2.138

Additional Information

Course Type
Grading Method
Pass/Fail Not Allowed

Textbooks

  • Foundations of Economic Analysis of Law - Steven Shavell
      Belknap , edition: first
        (required)