Econ 403 - Economics of Law

Institution:

Washington University in St Louis

Subject:

Description:

The course provides a standard introduction to the economic analysis of law. Mastery of basic economic approaches to the study of legal institutions is a valuable skill that benefits a broad range of students. Students planning to pursue careers in the private and public sectors as well as those planning to attend graduate school will find this course extremely useful. The course spans the growing field of law and economics, starting with the early insights of the late 1960s and early '70s and ending with state-of-the art contributions made in the past few years. The plan for the course includes the more recent trend toward empirical implementation of the insights set forth by the early theoretical contributions in the field. The course covers the fundamental contributions made by the economic approach in four core areas: property law, contract law, tort law, and criminal law. We also cover several topics in the economics of litigation. Time permitting, topics in more recent areas of law and economics are covered as well. In particular, time is devoted to exploring economic arguments in areas that inform some of the most heated current policy debates in the United States, such as criminal records policy, the estate tax, Affirmative Action, eminent domain, and the market for body organs. Prerequisite: Econ 4011 (401).

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.wustl.edu

Phone Number:

(314) 935-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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