Economic Analysis of Law

Over the last thirty years, the law-and-economics movement has revolutionized the way we think about the law, and this program gives participants a solid understanding of the economic analysis of law, taught by some of the best scholars on the subject. The readings assume no prior knowledge of economics or law-and-economics, and offer fascinating insights into the content of tort law rules. The program also offers a strong introduction to the economics of antitrust law.

Analyzing Human Choice, Game Theory, Free Riders and Holdouts, Incentives, Externalities	Charles J. Goetz	University of Virginia Law
Risk and Uncertainty, Diversifiable versus non-diversifiable Risk, Insurance	Charles J. Goetz
Consumer Contracts, Behavioral Law and Economics, Consumer Protection	Michael J. Trebilcock	University of Toronto Law
Subjective Value, Gains from Trade, Individual Demand Curves, Market Demand Curves, Cost Curves	Eric Rasmusen	University of Indiana Business
Competitive Markets, Elasticities of Supply and Demand, Consumers’ and Producers’ Surplus, Information and Prices, Price Controls	Eric Rasmusen
Tort Liability Rules, Present Value, Futures Markets, Hedging, Credit Default Swaps	Charles J. Goetz
Antitrust Economics, Market Failure, False Negatives versus False Positives, Size of the Market, Markets and the Information Age, Entry	Charles J. Goetz

Charles Goetz is the author of a leading law-and-economics casebook and of many of the most influential studies on the economic analysis of law. Michael Trebilcock is a past president of the American Law and Economics Association and a leading expert on consumer protection. Eric Rasmusen is a prolific law and economics scholar and the author of a leading text book on game theory.