Economics & Law

Catalog description

Economics and Law is a natural fit. Economics is the science of rational choice in a world in which resources are limited relative to human desires. The legal environment, in turn, determines the "rules of the game" as played by rational decision makers. It is quite natural for economists to question the origin, nature, and consequences of those rules as they pertain to individual and group choice behavior. Economic methods will be applied to analyze law and the law's effect on behavior. Prerequisites: ECON 2304 with a grade of D or better.