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Law and Economics
Class Term:
Spring Term 2024-2025
Catalog Number:
5310
Professor(s):
Professor
Lecture
Credits:
3 (3 Contact, 0 Field)
Priority:
Limited Enrollment - 3rd Year Priority
Full Year Course:
No
Category:
Standard Courses
Description
This course introduces principles of positive and normative microeconomics to explore the extent to which they can explain the workings of the legal system and to examine the effect of legal rules on behavior. Covered topics include the Coase Theorem; the choice between property, liability, and inalienability rules; comparative liability rules (e.g., negligence versus strict liability); contractual damages; criminal liability; family law; game theory; and legal decision theory (e.g., risk, uncertainty).