Planetary Hall (formerly Science & Tech I) 120
Section Information for Spring 2017
Economic analysis of the law. Are patent and copyright laws hurting innovation? What do contingency fee lawyers and bail bondsmen have in common? What is a tort, and how do contracts, torts, and properties law differ? How do changes in the law affect the price of vaccines? What is the purpose of punitive damages and how are they set? Is common law economically efficient? How does the Coase theorem apply in the real world? How do judges make decisions, and what does economics tell us about judicial bias? If you want to know the answer to these and many other questions about law and economics, this is the course for you.
The instructor for this course is Bob Hazel, a University of Chicago Law School educated lawyer currently completing a PhD in economics, who has been working at the intersection of law, business, and economics for many years. He began his career as a regulatory lawyer before working as an airline executive and a partner at an international consulting firm.
Economic analysis of the law. Topics include introduction to legal institutions and legal analysis; application of economic concepts to the law of property, contracts and torts, criminal and constitutional law; economic efficiency of common law; and public choice perspective on the evolution of the law.