Economic Analysis of Private Law

Course Information

Registration Information

Meeting Times

Day Time Location
TUE, THU 8:10 - 10:15 am TNH 3.129

Evaluation Method

Type Date Time Location
Early October 31, 2014 8:00 am - 10:20 am A-Z in 3.129

Description

What's the best way to reduce car accidents? Should people be allowed to breach contractual promises as long as they pay damages? Should we design tort law to reduce car accidents rate to zero? Should private parties be allowed to take each other's property paying just compensation? Should we allow third party litigation funding? This course examines these and similar questions through the lens of economic analysis of law. Economic analysis of law applies economic principles to legal analysis. The course explores how this approach sheds light on a variety of otherwise-puzzling aspects of private law. The course will also examine the limits of economic theory, asking such questions as: Are people really rational? Is efficiency fair? The course is a 1-credit course offered over three weeks in October. No background in economics is required or assumed.