Law and Economics
- Semester: Spring 2025
- Course ID: 392H-1
- Credit Hours: 3
-
Unique: 29240
Course Information
- Grading Method: Pass/Fail Not Allowed
- Will use floating mean GPA if applicable
Registration Information
- Upperclass-only elective
Meeting Times
| Day | Time | Location |
|---|---|---|
| TUE, WED | 9:05 - 10:20 am | TNH 3.114 |
Evaluation Method
| Type | Date | Time | Location |
|---|---|---|---|
| Final exam | May 7, 2025 | ||
| Other |
Description
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.
Textbooks ( * denotes required )
Foundations Of Economic Analysis Of La 1
*
Shavell, Steven
TriLiteral LLC
ISBN: 978-0-674-01155-7
ISBN: 978-0-674-01155-7
Wickelgren, Abraham Lee