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Economics


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The economic analysis of legal concepts, such as property law, contracts, torts, the legal process, crime, and punishment. The focus of much of the material is using the scientific theory of economics to predict the effect of various policies on individuals' behavior. We will be assessing such policies from both a "fairness" perspective and from the perspective of economic efficiency.

Discussion 1

An Economic Theory of Property

Discussion 2

An Economic Theory of Contract Law

Discussion 3

Topics in the Economics of Contract Law

Discussion 4

Comparing costs and benefits

Externalities

The Coase Theorem

Prisoner's dilemma

Dominant strategy

Nash equilibrium

The purpose of contract law from an economic perspective

Bargaining theory numerical example from text and notes

Indifference curves

Remedies for breach of contract (concepts and graph)

An Economic Theory of Tort Law

Discussion 5

An Economic Theory of Crime and Punishment

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9742840

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