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Economics 3850-3: Law and Economics
(offered Winter 2018)

In this course, we look at the law from an economic perspective. Legal institutions are key for well-functioning markets, but at the same time, a society's legal framework can shift private and public incentives in ways that are undesirable from a societal standpoint.

Over the course of the semester, we will review legal institutions in Canada and the USA. We introduce the economic theory of property, private and public goods, and the economics of property law. We discuss contract law and contract theory in economics. Using economic analysis tools, we study the legal process and incentives to settle a case or go to trial. We cover other economic issues in the legal process, such as lawyers and nuisances.

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