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Apr 16, 2024
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ECON 457 - Law and Economics (3 units)
Examines economic efficiency implications and objectives of legal institutions and legal rulemaking; including common law, public regulation of the market and legal procedures.
Prerequisite(s): ECON 102 or HON 220 .
Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall - Odd Years
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. demonstrate understanding of the basic concepts involved in common law jurisprudence with an emphasis on property law, contracts, torts and family law.
2. demonstrate understanding of the relationship between law, ethics, morals, and economic efficiency.
3. demonstrate understanding of the relationship between legal processes, economic efficiency and the Coase Theorem.
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