Online Course: Property and Liability: An Introduction to Law and Economics (Mar 18)

Course Syllabus

Part I: Property   (5 lectures, March 18 – March 24)

What is Property? An Infinity of Rights; Creating Property; A Neighborly Dispute; “It Doesn’t Matter Who Wins”

Homework I due Monday, March 25 at 8 a.m.

Part II: Exchange and Efficiency   (5 lectures, March 25 – March 31)

The Coase Theorem; Posner’s Corollary; Stacks of Flax; A Hundred LeRoys; Owning History

Homework II due Monday, April 1 at 8 a.m.

Part III: Externality   (6 lectures, April 1 – April 7)

Externality; Markets for Goods; Markets for Bads; Liability; Pigou and Voltaire; Internal Policing

Homework III due Monday, April 8 at 8 a.m.

Part IV: Crime and Punishment   (8 lectures, April 8 – April 14)

Retribution and Deterrence; Torts; The Costs of Crimes; Organized Vengeance; Efficient Crimes; One Crime at a Time; Pricing Crimes; A Certain Kind of Justice

Homework IV due Monday, April 15 at 8 a.m.

Part V: Property, Utility and Technology   (8 lectures, April 15 – April 21)

Property and Police; Erasing the Bright Red Line; Locke and Bentham, Even Now; The Competition of Technologies; Intellectual Goods; Locks and Keys; A Peculiar Property Right; The New Fair Use

Homework V due Monday, April 22 at 8 a.m.

Part VI: Criminal Procedure   (7 lectures, April 22 – April 28)

The Disappearing Trial; Plea Bargaining; A Prisoner’s Dilemma; “An Essential Component;” The Virtues of Candor; Two Kinds of Systems; European Plea Bargains?

Homework VI due Monday, April 29 at 8 a.m.

Course Format

This course consists of 39 lectures, each between 15 and 25 minutes in length. The syllabus is divided into six parts, with 5 to 8 lectures in each part, and we’ll cover one part during each week of the course.  Every lecture includes several easy, ungraded questions to see whether you’ve understood what you’ve just heard, and if you find yourself unable to answer one of these correctly, you can simply listen to that segment of the lecture again to find the answer. Along with each of the six parts of the syllabus comes a set of questions and simple problems separate from the lectures to help you think about the lecture material a little more deeply. To earn the statement of accomplishment, you must complete all six of the homework sets and keep working on them until you reach a score of 75% correct on each set.
Current Session:

Mar 18th 2013 (6 weeks long) Sign Up
Workload: 2-4 hours/week