Law and Economics

Description

Law and Economics is the study of optimal legal frameworks. Microeconomic theory will be used to study the efficiencies of property, contract, tort, criminal, and antitrust law. Further, there will be a critical analysis of the role of the Competition Bureau in Canadian markets, and the tools used to evaluate transactions on a case by case basis. This course will provide a broad overview of the relationship between law and economics, as well as the basics of Canada's legal system. Students will acquire the skills to evaluate efficiencies and the basic theories of ownership, contract, tort and criminal law. Students will also learn how the Competition Bureau operates, with a focus on the skills used to analyze proposed transactions and their potential market effects. No prior knowledge of the law is required.