| Course ID: | ECON 4450/6450. 3 hours. |
| Course Title: | Economic Analysis of Law |
Course
Description: | An efficiency-based perspective on major areas of the law, including contract, tort, and nuisance law, which points to the reduction of transactions costs as unifying legal principle. |
| Oasis Title: | ECN ANALYSIS OF LAW |
| Prerequisite: | ECON 4010 |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | The field of law and economics uses the standard microeconomic tools and concepts
of scarcity, choice, preferences, incentives, and supply and demand to explain
legal and political rules, social conventions and norms, firms and contracts,
government organizations, and other institutions. The class's perspective will be
that of the economist, trying to understand these institutions by reference to
purposeful human choice. |
| Topical Outline: | Introduction to Law and Economics
Legal Institutions
Common Law and Efficiency
Property Law
Contract Law
Securities Law
Contract Law
Regulation and Rent Seeking
Uncertainty, Risk, and Insurance
Tort Law
Criminal Law |