ECON 4400 - Economics Behind the Law

3 Credit(s) | $67.50 Fee

This course examines the structure and evolution of the legal system through the lens of economic analysis. Drawing on the common law of torts, contracts, property, and crimes, we analyze selected rules and institutional forms to understand how legal systems address disputes involving imperfect information, externalities, and moral hazard.

Students will develop both economic intuition and quantitative literacy by exploring the economic forces that shape the evolution of law. Through problem sets, modeling exercises, debates, moot courts, and case discussions, the course fosters critical thinking and equips students to distinguish among conflicting legal narratives or policy advocacies. These experiential learning activities also strengthen public speaking, argumentation, and decision-making skills, preparing students for careers as litigators, legal counselors, or public policy makers.

Students with interests in related fields, such as law, public affairs, or philosophy, are encouraged to consult with the instructor about prerequisite waivers, as appropriate. (Spring) [Graded Letter]

Prerequisite(s): ECON 2010 and MATH 1050 required; ECON 3010 and (MATH 1100 or MATH 1210 ) and ACCT 3350 highly recommended - Prerequisite Min. Grade: D-