Econ 225 – Economic Analysis & the LawThis course uses economic analysis as a way of understanding the structure and evolution of the legal system from an economic perspective. Selected rules and institutional forms are drawn from the common law of tort, contract, property, and crimes. Students will be able to apply microeconomic theories (and thus develop economic intuition) by learning how legal rules evolve to handle imperfect information and especially moral hazard, which lead to disputes and lawsuits.