Law and Economics
General
Prefix
ECON
Course Number
542
Course Level
Graduate
Department/Unit(s)
College/School
Herberger Business School
Description
Laws' effects on market and non-market behavior emphasizing the theory of externalities. Contract law, property rights, tort law, and public choice theory.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Recommend an evaluation tool to measure the effectiveness of the nonprofit sector.
Outcome
Apply the Coase Theorem to legal disputes to identify when and how the initial allocation of a right matters
Outcome
Use damages as a legal remedy to create incentives for parties to efficiently enter into contracts and behave efficiently once contracts are entered into.
Outcome
Analyze alternative tort liability rules as they pertain to incentives to invest in precaution.
Outcome
Apply the economic way of thinking to explain why people commit crimes, and evaluate the implications of this approach as it pertains to policy toward crime.
Dependencies
Programs
ECON542
is a
completion requirement
for: