ECON 371 - Law and Economics

Applications of microeconomic theory focused on common law and the legal system. Topics include the effect of the legal system on resource allocation, the establishment and scope of property rights, allocation of risk and efficient investments in precaution, product liability, and an economic analysis of criminal behavior and punishment.

Unit(s): 1
Group Distribution Requirement(s): Distribution Group II
Prerequisite(s): ECON 201
Instructional Method: Conference
Grading Mode: Letter grading (A-F)
Not offered: 2024-25
Group Distribution Learning Outcome(s):

Evaluate data and/or sources.
Analyze institutions, formations, languages, structures, or processes, whether social, political, religious, economic, cultural, intellectual or other.
Think in sophisticated ways about causation, social and/or historical change, human cognition, or the relationship between individuals and society, or engage with social, political, religious or economic theory in other areas.