This course is an introduction to the application of economic reasoning to the study of legal rules and institutions.  Lectures, cases, and readings will bear on the effect of economic factors on the development of legal rules and procedures, and will enable us to analyze the effect of law on the allocation of resources.  Topics covered include the economic function of litigation, property law, torts, and contract law.

 Students will learn the application of economic analysis to legal rules and institutions.  Students will also learn the case method of legal study.  Above all, students will gain an appreciation of the importance of a legal system for the coordination of human society.