ECON 485 - Law and Economics
Section: 001
Term: FA 2019
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
Enforced Prerequisites:
ECON 401 with a grade of at least C-; or Graduate standing.
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

This course examines important legal issues using economic analysis. Topics include property rights, torts, contracts, and crime. We will explore how the structure of the law can induce efficient incentives in each of these areas. Furthermore, we will also study the relative benefits and costs of market (cap-and-trade) and nonmarket (command-and-control) schemes of regulating the environment. Finally, this course studies financial regulation in the wake of the U.S. financial crisis.

Course Requirements:

final exam, midterm, 5 problem sets, and class participation

Intended Audience:

Economics majors who are interested in practical and real world applications of traditional microeconomic models.

Class Format:

lecture and regular discussion of current events

ECON 485 - Law and Economics
Schedule Listing
001 (LEC)
TuTh 2:30PM - 4:00PM
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