Economics
College of Humanities and Social Sciences

ECON 415: Law and Economics

ECON 415-001: Law and Economics
(Spring 2017)

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.

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Course Information from the University Catalog

Credits: 3

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.

The University Catalog is the authoritative source for information on courses. The Schedule of Classes is the authoritative source for information on classes scheduled for this semester. See the Schedule for the most up-to-date information and see Patriot web to register for classes.

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