Course Description
This course discusses the application of microeconomic and econometric theory to common legal problems: torts, contracts, property and crime, and the limitations of economic analysis. No previous familiarity with the law is assumed.
Intended Learning Outcomes
CILO-1: Apply economic analysis to real-world legal problems, such as environmental regulation, intellectual property rights, and criminal law.
CILO-2: Evaluate how economic theory can be applied to legal issues, and vice versa.
CILO-3: Analyze legal institutions and doctrines using economic concepts and tools, such as incentives and optimization.
CILO-4: Critically evaluate the strengths and limitations of the law and economics approach to legal analysis and policy.