Courses 2011 - 2012
LAW A 561 Law And Economics
Credits: 2-4, Variable
Q: Should tobacco companies be liable for smokers' healthcare costs?
Q: Can anti-discrimination laws increase business productivity?
Q: Should we replace patent laws with government rewards?
Law and Economics (L&E) confronts these challenges by identifying how to design legal rules that provide the greatest good to the greatest number. L&E principles can also take into account considerations such as discrimination and unequal wealth distribution in evaluating what's best for society. We will examine applications of L&E to: intellectual property, tobacco litigation, employment discrimination, automobile accident law, land use regulation, nuisance law, contract law and criminal law. All students welcome (economics background NOT necessary). Grade based on choice of exam or paper.