Spring 2022 not offered
This course uses economic analysis as a way of understanding the structure and evolution of the legal system from an economic perspective. Selected rules and institutional forms are drawn from the common law of tort, contract, property, and crimes. Students will be able to apply microeconomic theories (and thus develop economic intuition) by learning how legal rules evolve to handle imperfect information and especially moral hazard, which lead to disputes and lawsuits.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Prerequisites: ECON101 OR ECON110
||Fulfills a Major Requirement for: (ECON-MN)(ECON)
: All readings on reserve. Drawn from economic, philosophical, historical and legal sources. Substantial readings in case law.
|Examinations and Assignments: |
: Three graded essays, each 6-8 pages. No final examination.
|Additional Requirements and/or Comments: |
: Students who complete ECON 225 cannot receive credit towards the econ or MECO major for ECON 325, or vice versa depending on your needs for major credit.
|Drop/Add Enrollment Requests|
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