This course will explore the “most important innovation in legal scholarship of the past 100 years”: the application of economic theory to the analysis of the law. After a very brief, nontechnical introduction to microeconomics, we will then apply those principles to the core areas of the law – property, torts, contracts, procedure, and crime. We will also discuss some more recent developments in law and economics, such as behavioral considerations and empirical methods. Students will be evaluated on the basis of class participation, a short writing exercise, and a take-home exam. No prior experience with economics is necessary or even desirable.
Current & Previous Instructors:
|This course is not currently scheduled.|
Last offered Spring 2011.