Law and Economics

(3 Credit Hours) · Undergraduate

This class teaches how to use the basic tools and concepts of economics to analyze the economic effects of legal rules, regulations, and enforcement methods. Examples of this "economic approach" to the study of the law are taken from the basic bodies of law in a civil society: property law, tort law, contract law, and criminal law. The course also explores the role of the state in creating and enforcing a body of law that promotes economic growth and development.