Economics 154

Stanford University

Professor David Friedman

Syllabus

Week

Topic

Chapter

Additional Reading

1/14

Intro

1,2

"Law and Economics"

Part I: Ideas

1/21

Externalities

"The World According to Coase"

1/28

Insurance

2/4

Strategic Behavior

2/11

Ex Ante/Ex Post

2/13

Property v Liability

2/20

First Midterm

Part II: Law

2/25

Property

3

"Approximate Optimality of Aboriginal Property Rights"

"The Problem of Social Cost"

Intellectual Property

"Standards As Intellectual Property" pp. 1109-1119

[spring break]

3/11

Contract Law

4

3/18

Family Law

5

"Marriage, Divorce, and Quasi Rents"

3/25

Tort law

6

[Review of Economic Analysis of Accident Law]

4/1

Criminal Law

7

"Should the Characteristics of Victims and Criminals Count?" pp. 731-751.

4/10

Second Midterm

4/15

Antitrust

9,10,12

4/22

Alternatives

"Private Creation and Enforcement of Law: A Historical Case."

"Less Law than Meets the Eye"

["Making Sense of English Law Enforcement in the Eighteenth Century"]

["Rational Criminals and Profit-Maximizing Police"]

4/29

Review

15,16

[]: Optional Reading--will be available in the library and on my web page

Assigned chapters are from Posner, Richard, Economic Analysis of Law


My office is Bergin 204.; office hours will be 4:30-5:30 T,Th; 7:20-8:00 T, Th by arrangement.

My EMail address is DDFr@Best.com

My Web page is http://www.best.com/~ddfr/

The class web page is http://www.best.com/~ddfr/Law_and_Econ_97/Law_and_Econ_97.html

Required articles will be handed out in class; some will also be available on the class web page. An outline of the material covered in class will be available both on the web page and in hardcopy. Outlines from previous years, and many of my articles, are available on the web at http://www.best.com/~ddfr/Academic/Academic.html, near the bottom of the page.