Law and Economics credit: 3 or

4 Hours

Applications of economic theory to problems and issues in both civil and criminal law and the effect of legal rules on the allocation of resources; includes property rights, liability and negligence assignment, the use of administrative and common law to mitigate market failure, and the logic of private versus public law enforcement. 3 undergraduate hours. 4 graduate hours. Prerequisite: ECON 202 ; ECON 302 ; and one of: MATH 220 , MATH 221 , or MATH 234 are required.