Law and Economics [CRN 83325]

Discipline: Economics
Instructor: Barreto
Credits: 3
Day: A
Start: 1410
End: 1530
Field Work: Day 3 | October 1, 2019 | Spain
Prerequisites: One (1) principles of microeconomics course Download Syllabus

This upper-level, seminar-style course revolves around Richard Posner’s 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.

Field Work

Country: Spain
Day: 3
Date: October 1, 2019

This field class includes a trip to Gibraltar to see a functioning border and experience how it is handled. This will serve as an experiential connection to our study of property rights in class. Field class objectives include learning about borders for nation-states and how they are enforced. In addition to trade in goods and services, participants will observe human migration and its impact.

Learning Objectives:

1.Determining how border restrictions are enforced
2.Understanding national property rights
3.Evaluating costs and benefits of borders, including human migration