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Apr 24, 2024
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LAW 6334 - Law and Behavioral Economics
Credits: 3
Economic analysis of law is an increasingly important mode of legal analysis involving the application of microeconomic tools (and assumptions) to the study of legal rules, legal institutions, and legal compliance. The field of behavioral economics employs theoretical and empirical insights from psychology (and other fields) in an effort to critically evaluate and build upon economic models. Students learn the basic microeconomic toolset used in traditional law and economics analyses, and a handful of psychological findings that challenge and refine the economic assumption of “rationality.”
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