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251.31 sec. 1 - Introduction to Law, Economics and Business (Spring 2011)
Instructor: Robert D. Cooter (view instructor's teaching evaluations | profile)
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Meeting Time: MW 8:35-9:50
Meeting Location: 2240 Piedmont
Course Start: January 10, 2011
Course Control Number (Non-1Ls): 49702
Laws and legal institutions facilitate and constrain business. By explaining these effects, microeconomics reveals strategies to make the best use of law in business. Understanding these strategies enables business executives and lawyers to work together more intimately and profitably. Practice in large law firms divides into transactions, regulation, and litigation. The bodies of law that facilitate business by lubricating transactions include property and contracts, as well as corporations, bankruptcy, and banking. The bodies of law that constrain business include torts and regulations to protect consumers, investors, and the environment. Transactions and regulatory compliance mostly avoids litigation, but its shadow looms over all business activities. Law and business students in this class will use microeconomics, which is one of the major theoretical and strategic perspectives on law, to analyze and strategize about some of these major bodies of law. Course website is available at: https://bspace.berkeley.edu/
There is no formal prerequisite. Graphs and simple algebra will be used in class. Students who have not completed an undergraduate class in intermediate microeconomics or its equivalent are discouraged from taking the class.
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Required Books are in blue
- Law & Economics
Robert Cooter and Thomas Ulen
Edition: 6th edition (newest, available in January, 2011)
Publisher: Addison Wesley
Copyright Date: To Be Determined
Price: To Be Determined