Law & Economics – 6644

After an introduction to the methodology of law and economics, this course utilizes the standard tools of economic analysis for the study of law and legal institutions. After a review of some of the basic methods and concepts of economic analysis, the course will consider applications with special focus on: (i) sources of law and models of legal evolution; (ii) economics of property; (iii) economics of contracts; and (iv) economics of tort law.

The course grade will be assigned on the basis of an in-class multiple choice exam (50% of the grade) and a take-home essay problem (50%).