Economics
ECON 3424: Law and Economics
Lecture - 4 credits
ND
EI
IC
FQ
SI
AD
DD
ER
WF
WD
WI
EX
CE
- Focuses on how an understanding of the law is furthered by an awareness of the economic background against which it operates.
- Draws from economic principles, developing concepts such as efficiency, property rights, regulation, and income distribution.
- Uses mathematical notation to model the incentives created by various legal rules.
- Solutions to cost minimization and utility maximization problems reveal whether particular laws induce economic agents to act in a manner consistent with the social optimum.
- Applications of these ideas may include health and safety, the environment, the legal services and insurance industries, and zoning and land use, among others.
Focuses on how an understanding of the law is furthered by an awareness of the economic background against which it operates. Show more.
Pre-requisites