Reference no: EM13115915
The economic analysis of legal concepts, such as property law, contracts, torts, the legal process, crime, and punishment. The focus of much of the material is using the scientific theory of economics to predict the effect of various policies on individuals' behavior. We will be assessing such policies from both a "fairness" perspective and from the perspective of economic efficiency.
Discussion 1
An Economic Theory of Property
Discussion 2
An Economic Theory of Contract Law
Discussion 3
Topics in the Economics of Contract Law
Discussion 4
Comparing costs and benefits
Externalities
The Coase Theorem
Prisoner's dilemma
Dominant strategy
Nash equilibrium
The purpose of contract law from an economic perspective
Bargaining theory numerical example from text and notes
Indifference curves
Remedies for breach of contract (concepts and graph)
An Economic Theory of Tort Law
Discussion 5
An Economic Theory of Crime and Punishment
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