September 12

Introduction Lecture 1 outline

September 19

The Nature of the Economic Problem Lecture 2 outline

• Sowell, “Costs and Incremental Substitution.” (Kit, vol. 1, pp. 1-6.)
• Rhoads, “An Introduction to the Economics Approach (Kit, vol. 1, pp. 7-8.)
• Heath, “Perverse Outcomes,” (Kit, vol. 1, pp. 9-14.)
• Winter, “Introduction” and (ch. 1)

September 26

Product Safety Lecture 3 outline

• Levy, “Asbestos in the Schools.” (Kit, vol. 1, pp. 15-16.)
• Meiners, “Hazardous Products.” (Kit, vol. 1, pp. 17-18.)
• Weimer, “Safe and Available Drugs.” (Kit, vol. 1, pp. 19-22.)
• Ogus, “Drug Regulation.” (Kit, vol. 1, pp. 23-24.)
• Winter, “A Valuable Life (to some extent)” and “Smoke if you Got ‘em” (chs. 2 and 5)

October 3

Thinking about the Market Lecture 4 outline

• Rhoads, “Markets and Market Failure.” (Kit, vol. 1, pp. 25-28.)
• Buchanan, “Excerpt from Ethics, Efficiency and the Market.” (Kit, vol. 1, pp. 29-32.)
• Heath “Why I Stopped Worrying…” (Kit, vol. 1, pp. 33-48)

October 10

Markets and Government (Market Failure and Government Failure) Lecture 5 outline

• Heath, “Big Brother.” (Kit, vol. 1, pp. 49-52.)
• Stiglitz, “The Problem of Preference Revelation.” (Kit, vol. 1, pp. 53-54.)
• Wolf Jr., “Nonmarket (Government) Failure.” (Kit, vol. 1pp. 55-56.)
• Weimer and Vining, “Silent Losers Issues.” (Kit, vol. 1, pp. 57-58.)
• Winter, “Do You Want to Trade?” (ch. 3)

October 17

Some Cases: Farm Subsidies, Rent Control and Law Enforcement Lecture 6 outline

• James, “Agricultural Policy.” (Kit, vol. 1, pp. 59-60.)
• Hyman and Strick, “Int’l View: Agricultural Subsidies…” (Kit, vol. 1, pp. 61-62.)
• Mackaay, “Rent Controls and Accomodation…” (Kit, vol. 1, pp. 63-64.)
• Fellows, “Allocation of the Crime Prevention Budget.” (Kit, vol. 1, pp. 65-66.)
• Ehrlich, “Economics and Law Enforcement” (Kit, vol. 1, pp. 67-68.)
• Veljanovsky, “Penalty and Compliance.” (Kit, vol. 1, pp. 69-74.)

October 24

Economics of Liability and Insurance Lecture 7 outline

• Cooter and Ulen, “The Primacy of Efficiency” (Kit, vol. 1, pp. 75-78.)
• Winter, “Behave Yourself” and “Warning: Beware of Products” (chs. 7-8).
• Mackaay, “Torts.” (Kit, vol. 1, pp. 89-90.)
• Sheffrin, “Liability: If there is a Crisis can we solve it?” (Kit, vol. 1, pp. 81-86.)
• Posner, “Tort Law: Cases and Economic Analysis.” (Kit, vol. 1, pp. 87-88.)
• Mackaay, “Markets in Risk.” (Kit, vol. 1, pp. 89-90)
• Shavell, “Moral Hazard.” (Kit, vol. 1, pp. 91-92.)

October 31

Rights, Efficiency and The Law and Economics Approach
Lecture 8 outline

• Lomasky, “The Welter of Rights.” (Kit, vol. 1, pp. 93-94.)
• Fritzler, “Privacy and Policing: A Cost Benefit Approach.” (Kit, vol. 1, pp. 95-96.)
• Supreme Court, “Excerpts from Decisions.” (Kit, vol. 1, p97-98.)
• Rhoads, “Specialized vs. Systemic Perspectives.” (Kit, vol. 1, pp. 99-102.)
• Coleman, “Critical Review of Economics and the Law.” (Kit, vol. 1, pp. 103-112.)

November 7

Public Goods and Externalities Lecture 9 Outline

• Rhoads, “Market Failure.” (Kit, vol. 1, pp. 113-114.)
• Winter, “Stop Bothering Me” (ch. 6)
• Wheelan, “Government is your Friend” (Kit, vol. 1, pp. 115-124.)

November 14

Pollution Lecture 10 Outline

• Zuckerman & Beckerman, “The Case for Pollution Charges.” (Kit, vol. 1, pp. 125-126)
• Macaulay & Yandle, “Examples.” (Kit, vol. 1, pp. 127-132.)
• Pearse, “Coase Applied to the Environment.” (Kit, vol. 1, pp. 133-134.)
• Crals and Vereeck, “Taxes and Tradeable Rights.” (Kit, vol. 1, pp. 135-138)

November 21

Land Use and Zoning Lecture 11 Outline

• Bish and Nourse, “Zoning and Land-Use Control.” (Kit, vol. 1, pp. 139-140.)
• Levy, “Zoning.” (Kit, vol. 1, pp. 141-142.)
• Ellickson, “The Case against Zoning.” (Kit, vol. 1, pp. 143-144.)
• Heilbrun, “Exclusionary Zoning.” (Kit, vol. 1, pp. 145-146.)
• Fischel, “Operating Costs and ‘Fiscal’ Zoning.” (Kit, vol. 1, pp. 147-148.)
• Luciani, “Natural Resources and Economic Growth.” (Kit, vol. 1, pp. 149-150)
• Luciani, “Economics and Immigration.” (Kit, vol. 1, pp. 151-152.)
• Reynolds, “Markets and Energy.” (Kit, vol. 1, pp. 153-154.)
• Glasner. “Two Kinds of Error in the Use of Natural Resources” (Kit, vol. 1155-156.)
• Karkkainen, “Zoning: A Reply to the Critics”  (recommended)
  

November 28

Reflecting on the Law and Economics Approach Lecture 12 Outline

• Dworkin, (Kit, vol. 1, pp. 181-192)
• Braithwaite, “The Limits of Economism in Controlling Harmful Corporate Conduct.” (Kit, vol. 2)

January 9

Corporations, Shareholders, Workers Lecture 13 Outline

• Parkinson, “Models of the Company and the Employment Relationship.” (Kit, vol. 2)

January 16

Competition Lecture 14 Outline

• Stiglitz, “Monopoly vs. Competition.” (Kit, vol. 2)
• Posner, “Economic Analysis of Law.” (Kit, vol. 2)
• Fellows, et.al., “Monopoly and Competition.” (Kit, vol. 2)
• Fellows, et.al., “Protection from Cheap Foreign Goods.” (Kit, vol. 2)
• Stiglitz, “Natural Monopoly.” (Kit, vol. 2)
• Shapiro, “Shattering Illusions.” (Kit, vol. 2)

January 23

Health Care Lecture 15 Outline

• Blank, “Setting Limits on Health Care.” (Kit, vol. 2)
• Hyman and Strick, “Bursting at the Seams.” (Kit, vol. 2)
• Rhoads, “Health Care.” (Kit, vol. 2)
• Broome, “Fairness in the Rationing of Health Care.” (Kit, vol. 2)
• Heath, “Health Care as a Commodity.”
  

January 30

Pay Equity Lecture 16 Outline

• Rhoads, “Pay Equity Meets the Market.” (Kit, vol. 2)
• England, “The Case for Comparable Worth.” (Kit, vol. 2)
• Heath, “Efficiency Begins at Home.” (Kit, vol. 2)

February 6

In Class Test

• No readings
  

February 20

Economics of Higher Education Lecture 17 Outline

• Wellen, “The Tuition Dilemma”
  
• Wellen, “The Student Consumer” 

February 27

Some Economies of Information and Consumers Lecture 18 Outline

• Rhoads, “The Economics of Information.” (Kit, vol. 2)
• Weimer and Vining, “Experience Goods.” (Kit, vol. 2)
• Shapiro, “In Defense of Middlemen” (Kit, vol. 2)
• Shapiro, “Privacy for Sale.” (Kit, vol. 2)
• Heath, “The Rebel Sell.”
  

March 6

The Media and the Market Lecture 19 Outline

• Baker, “Ad-supported media” (Kit, vol. 2)

March 13

Intellectual Property. Lecture 20 Outline

• Cooter and Ulen, “Information Economics and Intellectual Property.” (Kit, vol. 2)
• Winter, “What’s Yours is Mine.” (ch. 4)
• Perelman, “In Patents we Trust.”
  

March 20

Inequality Lecture 21 Outline

• Rhoads, “Income Inequality”(Kit, vol. 2)
• Frank, “Talent and the Winner-Take-All Society” (Kit, vol. 2)
• Heath, “Inequality.”(Kit, vol. 2)

March 27

Social Welfare and Globalization Lecture 22 Outline

• Sinn, “Introduction to Social Insurance, Incentives, Risk…”(Kit, vol. 2)
• Sinn, “Excerpt from Social Insurance, Incentives, Risk…” (Kit, vol. 2)
• Betcherman, “Globalization and Labour Markets.” (Kit, vol. 2)

April 3

Global Public Goods: The Limits of Regulation?

Course Review Lecture 23 outline

• Kaul, et.al, “Defining Global Public Goods.” (Kit, vol. 2)