Courses: Law and Economics (ECONH209B01)
Why do rational people follow fixed rules (laws) instead of doing what is best for them in a specific situation? Can there be order without law? Should the government compensate people when it issues environmental and wildlife protection regulations which reduce the value of their property? The lady who burned herself with a cup of McDonalds coffee won several million dollars in compensation. Does that make sense? These and many other questions are addressed as we look at property law, contracts, and torts.
Prerequisites: Economics 105 or 106.
Fulfills: SO I