This course considers the application of economic theory to the law and legal institutions, including property, contract, tort, and criminal law. We will investigate how legal rules influence economic incentives and the allocation of resources. Topics include liability and negligence assignment, uncertainty, allocation of property rights, bargaining, remedies, criminal deterrence, and the litigation process. Prerequisites: Economics 280 and concurrent registration in or completion of Economics 286, Mathematics 336, or Statistics 336. GRAHAM.