Course Details
Country:
Germany
Institution:
University of Mannheim
Course Title:
Law and Economics
Course Number:
Course Description:
The course provides an introduction to “law and economics” (also known as the “economic analysis of law”), i.e. the application of concepts and methods from economics to legal problems. It is offered in collaboration with the university’s economics department. The course starts with the foundations of microeconomic theory, welfare economics and law and economics and then covers selective topics from the three main areas of private law. Foundations of law and economics Basic positive economics: utility maximization under constraints Basic welfare economics: Pareto and Kaldor/Hicks efficiency Coase theorem Property law and economics Tragedy of the commons as the main rationale of property rights Information problems in property rights The limits of property rights: tragedy of the anticommons Tort law The objective of accident cost minimization Negligence liability and strict liability Unilateral and bilateral care Special problems: causation, punitive damages, pure economic loss, liability for physical injury Contract law The objective
Language:
English
Approved Equivalent:
ECON 415
Attachment Files:
Syllabus LawEcon.pdf
