Law and Economics

Section 1, Fall 18

Schedule Information

Enrollment: 81/85
Credits: 3

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): Fixed
Description: Students will take three exams (all on fixed dates during the semester when class would normally occur).

Final Type (if any): None
Description:

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 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

*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the 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.

General Information

Schedule No.
118821392
Law No.
LAW7135
Modified Type
Lecture
Cross Listed: No
Cross-Listed Course Mnemonic:
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens:
Evaluation Portal Via LawWeb Closes: