Law and Economics (100-2)

I.    Goal

  • This course is to introduce students to the basic principles and methods of Law & Economics, one of the most potent analytic tools in modern legal scholarship.

II.    Textbook

  • A. Mitchell Polinsky, An Introduction To Law and Economics (4th ed., 2011).

III.    References

  • Richard A. Posner, Economic Analysis of Law (8th ed., 2010).
  • Robert D. Cooter & Thomas Ulen, Law and Economics (6th Ed., 2011).
  • Steven Shavell, Foundations of Economic Analysis of Law (2004).
  • Behavioral Law and Economics (Cass R. Sunstein, Ed., 2000).
  • Game Theory and the Law (Douglas Baird, Robert Gertner & Randal Picker eds, 1998).
  • R. H. Coase, The Firm, the Market, and the Law (1990).
  • Ronald H. Coase, The Problem of Social Cost, 3 J. Law & Econ. 1 (1960).
  • Guido Calabresi & A. Douglas Melamed, Property Rules, Liability Rules, and Inalienability: One View of the Cathedral, 85 Harv. L. Rev. 1089 (1972).
  • Margaret Jane Radin, Contested Commodities (2001).

IV.    Mailing List:  <>.

V.    Grading policy

  • Participation: 40%, in classes and on the mailing list.
  • Term Paper: 60%.

V.    Schedule (very tentative, subject to change)

2-22 Course Orientation
2-29 The Very Basics
3-7 Nuisance, Contracts & Torts
3-14 Risk Bearing and Insurance
3-21 Law Enforcement & Pollution Control
3-28 Products Liability & Principal-agent Liability
4-4 inter-collegiate activities week (no class)
4-11 Litigation & Regulation
4-18 midterm (no class)
4-25 Criticisms and Introduction to the Behavioral Approach
5-2 Paper Presentations
5-9 Paper Presentations
5-16 Paper Presentations
5-23 Paper Presentations
5-30 Paper Presentations
6-6 Law & Society Conference (no class)
6-13 (no class)
6-15/16 Law & Economics Conference

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