Law 915 - Economic Analysis of Law

Jesse Reynolds

Jesse Reynolds

Emmett/Frankel Fellow in Environmental Law and Policy
B.A. Hampshire College, 1997
M.S. UC Berkeley, 2000
Ph.D. Tilburg University, 2014
Course Description:

The economic analysis of law (sometimes called "law and economics") has arguably been the most influential development in legal scholarship of the last fifty years. It uses the tools of economics to better understand legal rules and the social phenomena that they address, allowing one to view them from a new, often helpful perspective. This course surveys the field, highlighting insights made in property, torts, contracts, criminal law, procedure, and international agreements. Using theoretical, empirical and behavioral evidence, it will examine how these insights can be applied to legal disputes and policy debates, including intellectual property, family law, regulation versus liability, optimal crime, and environmental policy. The course neither requires previous experience with economics nor uses advanced mathematics.

Course Learning Outcomes:

After completion, students should be able to:

  • apply economic concepts to legal rules and institutions, including property, torts, contracts, crime, regulation, procedure, and international agreements;
  • explain how the state improves welfare through law in ways that individuals in a market cannot; and
  • compare economic and a traditional analyses of legal issues, identifying strengths and weaknesses in each; and
  • analyze diverse issues using the economic analysis of law in an informed manner.
Course Information:
​Faculty Term Course Section ​Schedule ​Units Requisite Satisfies SAW
Jesse Reynolds 20S 915 LEC 1 Unscheduled 2.0 No No
  Course meets 1/6 - 1/10 and 1/13 - 1/17 from 1:20 - 4:00pm in room 1327.