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Dec 22, 2024
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LAW 6423 - Economic Analysis of Law Credits: 4
Introduces the economic analysis of legal rules and institutions. Examines the efficiency paradigm in some detail, and then analyzes basic common law and criminal law doctrines from an economic perspective. Seeks to develop a facility in the application of economic reasoning to legal questions, and to impart a sense of the limitations of the economic approach. Does not presuppose extensive familiarity with economics but some background is essential (i.e., at least an introductory course in microeconomics and preferably also some exposure to intermediate-level microeconomics or price theory).
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