LAW AND ECONOMICS

By Shubhashis Gangopadhyay

Offered to: Class of 2020 and 2021

Prerequisites: Economics course at ISPP.

Office Hours: By Appointment.

The Law and Economics course is designed to make scholars understand the role of law in public policy for achieving social goals.

Through the course, the scholars will:

  • Understand the normative aspects of law and economics.
  • Appreciate the interplay between legal and economic principles.
  • Understand the role of law in generating social value through market driven transactions.

Chronology of topics (1 topic in each lecture)

1. Why study "law and economics"

2. Role of law in economics --- an economist's perspective

3. Economics of Private Property Law

4. Economics of Intellectual Property Law

5. Eminent domain

6. Economics of Contract Law

7. Economics of Tort Law

8. Compensation and Punishment

9. Regulation

10. Wrapping up

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