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PUBLPOL Economics of Legal Rules and Institutions (ECON 154, PUBLPOL 106)

Litigation/ADR: General

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PUBLPOL 206

Economics of Legal Rules and Institutions (ECON 154, PUBLPOL 106)

School of Humanities & Sciences

Recommended for route(s):

[ Academia ] [ Litigation ] [ Regulatory & Policy ] Litigation/ADR: General

Why it is relevant for ...

[ Academia ] [ Litigation ] [ Regulatory & Policy ] as a Relevant Course outside SLS for those interested in Policy Analysis : Students interested in policy issues should consider taking 1 or more courses in economic policy analysis. Policy lawyers concern themselves with the incentives created by legal rules, and increasingly, the discipline of economic analysis is applied to the design of legal rules in areas as diverse as criminal, tort and antitrust law.

General course Description:

Design and consequences of laws, given alternative policy objectives. Welfarist approach to legal policy; deontological perspectives including Kant, Locke, Mill, and Rawls. Economic efficiency and agent rationality, law as mitigation of market and cognitive failures, effects of law on expectations and incentives, balancing costs of type I and type II legal errors. Empirical studies of law's effects. Applications: property, tort, contract, antitrust, discrimination, crime, legal procedure. Examples chiefly from U.S. law, but analytical tools of general applicability. Prerequisite: ECON 50.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

Alternative Courses:

  • ECON 154 Economics of Legal Rules and Institutions (PUBLPOL 106, PUBLPOL 206)
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