May 25, 2024  
2022-2023 Undergraduate Catalog 
2022-2023 Undergraduate Catalog [ARCHIVED CATALOG]

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ECON 3500 - Law and Economics

(3 credits)
Prerequisites: ECON 2210  and ECON 2220 

Introduces economic analysis of various areas of the law. The focus of the course is on legal rules regulating the behavior of individuals, corporations, and groups using the tools of economics and related disciplines. Topics may include the economic function of contracts; remedies for breach of contract;  how to correct market failure from externalities with legal actions; the economic motive to commit crimes; the death penalty, gun controls, privacy, negligence versus strict liability; property rules governing areas such as incompatible land uses, nuisance and trespassing.

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