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PUBLPOL 106: Law and Economics (ECON 154, PUBLPOL 206)

This course explores the role of law in promoting social well-being (happiness). Law, among its other functions, can serve as a mechanism to harmonize private incentives with cooperative gains, to support an equitable division of those gains, and to deter "cheating" and dystopia. Law is thus essential to civilization. Economic analysis of law focuses on the welfare-enhancing incentive effects of law and its enforcement and on law's role in reducing the risks of cooperation, achieved by fixing expectations of what courts or the state will do in various futures. Specific topics include welfare economics, torts, property, contracts, regulation, process and antitrust. Requires a term paper applying economic analysis to a case, procedure, or law. Prerequisite: ECON 50.
Terms: Spr | Units: 4-5 | UG Reqs: WAY-SI
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