Curriculum Guide · Courses

Professor Salop

J.D. Course 139 (cross-listed) | 3 credit hours

This course covers a variety of selected economic concepts that have relevance for the study and practice of law, including economic incentives, decision theory, bargaining, game theory, externalities, risk sharing, adverse selection, and error analysis. The course does not provide a broad overview of the debate over "law and economics." Instead, it reviews certain basic concepts in economics that are useful for lawyers and applies them to doctrinal and practice situations. Besides the reading, the course requirements include regular assignments of economics problems, which are turned in each class and then form the basis for much of the analysis and discussion. There is no economics prerequisite. This course will be accessible for students who do not have an extensive economics background, but want to learn to utilize economic arguments. However, it is open to all students. There will be weekly assignments that must be turned in.