Economics 394LI - Law and Economics

In this course, we will look at the legal system as an economic system, where penalties and damages act as prices for various activities. We will ask whether the enforcement of legal rules leads to an efficient allocation of resources. Much of the focus of the course will be on property, contract and tort law. Satisfies the Integrative Experience requirement for BA-Econ majors.

This class is open to Seniors and Juniors whose primary major is in Economics only. PreReq:Econ 103 or Res-Ec 102 To request Department Consent for enrollment in this class, students must complete an Economics Department Consent Form and attend class to obtain the instructor's signature on the form before submitting it. The form and instructions are here: http://www.umass.edu/economics/Department_Consent_Form_1-15-2015.pdf

May be used to fulfill IE requirement for Econ primary majors.