Law and Economics

Catalog description

This advanced course examines how economic principles explain and inform legal rules and institutions. The course begins with property rights theory, exploring how different rights allocations and enforcement mechanisms affect economic efficiency. Building on this foundation, students analyze contract law through an economic lens. The course concludes with antitrust analysis, where students apply their understanding of property rights and contracts to evaluate market power, competitive effects, and merger policy. Throughout the course, students engage with theoretical models, empirical evidence, and case studies.