Monetary Constitution Seminar

Information Introduction

Section 1, Spring 24

Schedule Information

Enrollment: 6/9
Credits: 3
Days Time Room Start Date End Date


1330-1530 WB114

Course Description

This seminar will introduce students to the history and law of the financial infrastructure of our nation’s government. Key topics covered will include the national debt, the budget process, taxation, central banking, and economic growth. While only portions of these issues are explicitly addressed in the text of the Constitution, all are of a Constitutional character, for their resolution requires institutions that are stable yet flexible over time. Readings will relate to current fiscal issues and also include some of the most important state papers in the history of the United States, such as the opinions of Thomas Jefferson and Alexander Hamilton on the constitutionality of the Bank of the United States (1791) and Andrew Jackson’s Veto Message Regarding the Bank of the United States (1832). We will also read and analyze landmark Supreme Court opinions such as McCulloch v. Maryland (1819, upholding the constitutionality of the Bank of the United States), the Gold Clause Cases (1935, holding unconstitutional Congressional abrogation of the gold clauses in US debt instruments) and NFIB v. Sebelius (2012, upholding the Constitutionality of the Affordable Care Act). Current topics include recent controversies over the debt ceiling and the appropriate role of Congress in controlling the nation's fiscal affairs. In addition to reading the specially prepared materials and discussing these important issues in the seminar, students are asked to prepare papers on a topic or topics of their choice relating to the subjects covered in the materials. The objective of the seminar is to prepare its members to participate in a constructive manner in the important debates on these issues sure to unfold in the coming years, as well as to provide sophisticated advice to clients on the risks and opportunities that exist in the contemporary US economy.

Course Requirements

Exam Information

Final Type (if any): None

Description: None

Written Work Product

Students will have the option of submitting either three 2400-3000 word papers responding to assigned readings chosen by the student (submitted directly to the instructors, not via EXPO), OR one substantial research paper via EXPO by noon on May 9, 2024 (the day before the last day of the exam period), which may be used to satisfy the upper-level writing requirement. Students seeking to satisfy the upper-level writing requirement must timely submit a completed Writing Requirement 'Special Request" Form to the Student Records Office by Feb. 26th - retroactive exceptions will not be granted. The form and instructions for it are available via LawWeb.

Other Course Details

Prerequisites: None Concurrencies: None

Exclusive With: None

Laptops Allowed: Yes

First Day Attendance Required: Yes

Course Resources: To be announced.

Graduation Requirements

Satisfies Understanding Bias/Racism/Cross-Cultural Competency requirement: No

Satisfies Writing Requirement: No

Credits For Prof. Skills Requirement: No

Satisfies Professional Ethics: No

Additional Course Information

Schedule No.: 124217887

Modified Type: ABA Seminar

Cross Listed: Yes

Cross-Listed Course Mnemonic: HIST 5559 (TBD)

Concentrations: Constitutional Law , Legal History

Evaluation Portal Via LawWeb Opens: Sunday, April 14, 12:01 AM

Evaluation Portal Via LawWeb Closes: Sunday, April 28, 11:59 PM

Information reflected on this page was last refreshed at: Friday, April 19, 2024 - 7:04 AM *

*During open enrollment periods, live enrollment data may be found in SIS.