Introduction to Law & Economics by Professor Basil Sharp
This course will give you a solid understanding of, and experience with, the application of economic models to law and organization, and legal aspects of public policy.
Upon successful completion of this course, you should be able to apply an appropriate economic model to a range of topics in property, contracts and torts, and identify the economic consequences of alternative legal rules.
A short quiz is provided to confirm that you have completed and understood the training.
In seven hour long lectures, the course covers the economic analysis of law and organization, and the application of economics to property rights, patents and natural resource management.
Topics include: contracts, transaction cost analysis, classical contracting, long-run contracts, enforcement, the role of market forces, risk aversion, remedies for breach, the economic theory for torts, negligence rules, strict liability, multiple torts, product liability, and business law. Additional lectures on crime and on competition policy will shortly be added (at no extra charge).
References are provided for further study.
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