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Register for Law and Economics fall 2020


Yuri Maltsev

April 19, 2020

The fall 2020 Law and Economics course will explore economic principles to understand and evaluate legal rules in contract, property, crime, family, tort, and every other category of law — whether in modern-day America or other times and locations. Systems of non-legal rules, such as social norms, will also be covered.

Find answers to the questions:

  • How do changes in the law affect the price of vaccines?
  • What is the purpose of punitive damages, and how are they set?
  • Why do we have gluts and shortages?
  • Are patent and copyright laws hurting innovation?
  • What do contingency fee lawyers and bail bondsmen have in common?
  • What are the origins of the U.S. Constitution?
  • Was it the law that made America free and prosperous?
  • What is a tort, and how do contracts, torts, and properties law differ?
  • Is common law economically efficient?
  • How do judges make decisions, and what does economics tell us about judicial bias? 

Economics is an important tool to understand the effect of legal rules on people’s behavior. Specific topics to analyze are economic function of contracts, crime, and punishment, marriage, and divorce, how to correct market failure from externalities with legal actions, the death penalty, gun controls, privacy, negligence versus strict liability, and property rules. 

Those interested in working in law or economics will find great career options and opportunities in the field.




Yuri Maltsev 262-237-9115