This course examines important legal issues using economic analysis. Topics include property rights, torts, contracts, and crime. We will explore how the structure of the law can induce efficient incentives in each of these areas. Furthermore, we will also study the relative benefits and costs of market and nonmarket schemes of regulating the environment. Finally, this course will briefly touch on financial regulation in the wake of the US financial crisis.
Course Requirements:
Exams will consist of both multiple-choice and long answer questions.
Intended Audience:
Economics majors who are interested in practical and real world applications of traditional microeconomic models.
Class Format:
Three hours of in-person class instruction per week.