Steve P Calandrillo
PB AF 519
Offered: jointly with LAW A 561.
The objective of this course is to introduce students to the economic approach to the analysis of law. This approach confronts challenges by seeking to identify how best to design legal rules in order to maximize social welfare.
Law & Economics principles also take into account considerations such as discrimination and unequal wealth distribution in evaluating what’s best for society. We will examine applications of Law & Economics to: tort, property, contract and criminal law; intellectual property, tobacco litigation, employment law, human organ sales, and U.S. regulatory design.
Student learning goals
How do legal rules affect the behavior of individuals and of organizations?
How do legal rules compare to each other, in terms of promoting overall social welfare?
General method of instruction
All students are welcome (an economics background is NOT necessary for success in this class).
Class assignments and grading