Economic Analysis of Law

Santa Clara University School of Law

Professor David Friedman

Spring 2017


Course Requirements

The course will have a midterm and a final. In addition, each student is expected to pick one side of a law case and present, either orally or in writing, a case for that side based on economic arguments. You may choose any case, past or present, provided that the case was not actually argued on economic grounds and is not discussed in either Law's Order or Richard Posner's Economic Analysis of Law. Oral arguments should be about ten to fifteen minutes, written arguments about three to five pages. If you want to give an oral presentation, speak to me in advance so I can fit it into the schedule.

Syllabus (Including assignment for the first class)

Law's Order: Webbed page images with virtual footnotes

Law's Order: Late draft in HTML (more readable but without the virtual footnotes)

Video recordings of this course.

Video recordings of this course in 2014

from this course.

Stories You Should Understand

One way of remembering ideas is by the stories that go with them--from the Bionic Burglar Alarm to the Rational Voodoo Killer. Here is a list of story titles that you may find useful. We will cover all of them by the end of the semester

Old Exams

(Use these not to memorize answers but to test yourself to see how well you understand the material.)

Midterm 2009  Answers

Midterm   2012  Answers

Final 2009

Final  2011  Answers

Midterm 2014 (up shortly)

Final 2014 (up shortly)

Price Theory: An Intermediate Text

My Price Theory textbook is webbed; you may find parts of it useful for explaining economic concepts in more detail. They include:

Chapter 1 and Chapter 2, which present a general introduction to economics.

Chapter 11, which discusses strategic behavior, game theory, et. al.

Chapter 15, which discusses economic efficiency and related concepts.

Chapter 18, which discusses market failure problems, including externalities.

Additional chapters are available through the table of contents page.

Office Hours: Bergin 204: Tuesday 12:00-1:00, Wednesday 1:00-2:00 and other hours by arrangement.
Virtual office hours, via email, 24/7

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