ECON 319 Law and Economics

This course examines the application of economics to the law. Studies of actual cases reveal how economics can be applied to address such questions as 1) whether an action violates the law 2) who has experienced economic harm as a result of that action and 3) what is the legally prescribed consequence. Specific applications include property rights related to technical innovation competition in concentrated industries and the extent of corporate liability. The primary context is the United States but other legal systems provide some specific comparisons.