Law and Economics

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

III.    Main References

  • Richard A. Posner, Economic Analysis of Law (9th ed., 2014).
  • Robert D. Cooter & Thomas Ulen, Law and Economics (6th Ed., 2011).
  • Behavioral Law and Economics (Cass R. Sunstein, Ed., 2000).
  • Richard H. Thaler & Cass R. Sunstein, Nudge: Improving Decisions About Health, Wealth, and Happiness (2009).
  • Game Theory and the Law (Douglas Baird, Robert Gertner & Randal Picker eds, 1998).
  • R. H. Coase, The Firm, the Market, and the Law (1990).
  • Margaret Jane Radin, Boilerplate: The Fine Print, Vanishing Rights, and the Rule of Law (2012).
  • Margaret Jane Radin, Contested Commodities (2001).
  • 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).

IV.    Mailing List:  <lawecon@domo.forza.tw>.

V.    Grading policy

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

VI.    Schedule (tentative, subject to change)

2-15 Course Orientation
2-22 The Very Basics & Nuisance
3-1 Contracts
3-8 Torts
3-15 Risk Bearing & Insurance; Contracts revisited
3-22 Torts revisited
3-29 Law Enforcement & Pollution Control
4-5 (intercollegial activities)
4-12 (midterm)
4-19 Products Liability & Principal-Agent Liability
4-26 Litigation & Regulation
5-3 Criticisms and Introduction to the Behavioral Approach
5-10 Behavioral Approach (cont.)
5-17 Buffer Week / Paper Preparation
5-24 Paper Presentations
5-31 Paper Presentations
6-7 Paper Presentations
6-14 (final)