This course introduces students to the field of law & economics. It highlights the various insights of social science research (economic theory, cognitive and social psychology, sociology) in various areas of law, including torts, contract law, consumer protection law, criminal law enforcement, family law, intellectual property law. We will examine how these concepts and insights can be applied to legal disputes and current issues. Examples include discussion of the social costs involved in enforcing intellectual property rights, the optimal regulation of traffic accidents involving SUV's, the arguments that support specific types of consumer protection with regard to credit card contracts, the merits of a contingency fee systems, etc.
The course does not assume or require formal training in economics or quantitative social sciences.