Law and Economics

Section 1, Spring 22

Schedule Information

Enrollment: 14/40
Credits: 3
Day Time Room Start Date End Date
  • MW
  • 1540-1700
  • WB105
01/24/2022 04/27/2022

Course Description

The economic analysis of law has generated foundational insights and a handful of Nobel prizes. It guides many scholars, judges, practitioners, and policy-makers, and it provides one of the major theoretical perspectives on the study of law. This course introduces the topic. Students will learn how to construct economic models, analyze the incentive effects of legal rules and institutions, and evaluate the implications of different laws for efficiency and social welfare. We will use these tools to illuminate familiar and important areas of law, including criminal law, torts, contracts, property, and civil procedure. By the end of the semester, students will be able to generalize and apply the tools to other topics. No previous knowledge of economics is presumed or required.

Course Requirements

Exam Info:
Midterm Type (if any): None
Description: None

Final Type (if any): Flex
Description: Flex exam at end of semester.

Written Work Product
Written Work Product:

Other Work

Other Course Details
Prerequisites: None Concurrencies: None
Mutually Exclusive With: Students with background in economics are welcome to take the course. Likewise, students who have taken the Law and Economics Colloquium, Law and Economics II, or both at the Law School are welcome to take the course. However, students who have taken any other law and economics course, including as undergraduates, cannot take the course for a grade. Such students are welcome to audit the course.
Laptops Allowed: Yes
First Day Attendance Required: No
Course Resources: To be announced.
Course Notes: Students with background in economics are welcome to take the course. Likewise, students who have taken the Constitutional Law and Economics, Law and Economics Colloquium, and/or Law and Economics II at the Law School are welcome to take the course. However, students who have taken any other law and economics course, including as undergraduates, cannot take the course for a grade. Such students are, however, welcome to enroll in the course as an Auditor.

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No

*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
122217701
Law No.
LAW7135
Modified Type
Lecture
Cross Listed: No
Cross-Listed Course Mnemonic:
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Friday, April 15, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, May 01, 11:59 PM
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