ECON 327 Law and Economics

Overview of Course

This upper-level, seminar-style course revolves around the claim that "the common law bears the stamp of economic reasoning." We will evaluate to what extent the "economic way of thinking" explains legal rules in property rights, tort, and contract law. We will explore concepts such as the Coase Theorem and see how economics has expanded into legal theory and law schools. Our voyage will enable us to incorporate international law and compare legal systems in different countries. There is no textbook (all readings will be provided) and little lecturing. Class discussion is the primary mode of content delivery and students are expected to actively contribute and engage in the conversation. Each student will participate in a moot court reenactment of a constitutional law case.