TOPICS IN LAW AND ECONOMICS
(LAWW-4005) - 1 UNIT
The field of Law and Economics employs basic tools of economic analysis (such as notions of efficiency and the assumption of rational selfish behavior) to solve policy issues and evaluate the effect of legal rules (whether existing or proposed) on human conduct, economic activity and societal welfare. To introduce students to the methodology of law and economics, this course surveys the application of standard tools of economic analysis to tort law, property law, contract law and criminal law, among others. There are no prerequisites for this course and an economics background is not necessary.