In this seminar, we will
investigate, discuss, and write about how the economic theory that you are
learning can be applied in several areas of substantive and procedural law. We
will apply both traditional (neoclassical) and behavioral economic theory. We
will perform both positive and normative analyses. Among many other law and
economics topics, we will explore how, thinking like economists, will enable
you to analyze: the allocation and transfer of property rights, the effectiveness,
efficiency and fairness of criminal laws, the deterrence and compensation goals
of the tort (accident) law system, the effectiveness and efficiency of the laws
and rules that govern the United States judicial system, applying game theory,
why civil legal disputes are commenced and often, but not always, settle, the
use or misuse of statistics and expert evidence, the efficiency and accuracy of
jury trials, the effects of allocating attorneys' fees and fee-shifting in
civil litigation, and the costs and benefits and operation of the United States
patent law system. Throughout the semester,
the emphasis will always be on how the economic theory that you are learning
can be applied in the practice of law in real world situations.
Written reviews 2
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2 of 2 reviews
Semester not recorded
Very interesting class. Expectations are high, and your papers will be returned to you with tons of feedback and comments. Like the other comment says, grading is tough.
Semester not recorded
It's a good class in terms of content. Ironically, I can't recommend it to anyone who wants to go to law school since the grading can be quite tough and the unfortunate reality of law school admissions is that GPA matters more than learning.