University of Pittsburgh

Law and Economics

Catalog Number: 5310
3.0 Credits
Lecture
Priority: Limited Enrollment - 3rd Year Priority

This course introduces principles of positive and normative microeconomics to explore the extent to which they can explain the workings of the legal system and to examine the effect of legal rules on behavior. Covered topics include the Coase Theorem; the choice between property, liability, and inalienability rules; comparative liability rules (e.g., negligence versus strict liability); contractual damages; criminal liability; family law; game theory; and legal decision theory (e.g., risk, uncertainty). No prior acquaintance with economics, mathematics, or psychology is necessary.

| More

Revised 09/28/2011 | Copyright 2011 | Site by UMC