Paid Certificate Intermediate Business & Management

Law and Economics — University of Chicago

University of Chicago

Explore the intersection of law and economics from the university that pioneered this field. Covers property law, contract law, tort law, and criminal law through an economic lens.

Duration

15 hours

Level

Intermediate

Deadline

No Deadline

🌐 Available Languages: English
📅 Last Updated: 2026-03-23

📋 Prerequisites

No prior law or economics background required. An interest in understanding how economic principles apply to legal systems is sufficient.

👥 Who Should Take This Course

  • Law students seeking an economic perspective on legal analysis
  • Economics students interested in the intersection with law and public policy
  • Policy professionals and government analysts exploring regulatory frameworks
  • Pre-law students preparing for law school with interdisciplinary knowledge

📚 What You Will Learn

1

Introduction to Law and Economics — The Coase Theorem

2

Property Law Through an Economic Lens

3

Contract Law — Incentives, Efficiency, and Breach Remedies

4

Tort Law — Liability Rules and Economic Analysis of Negligence

5

Criminal Law — Deterrence Theory and Optimal Punishment

6

Regulation and Public Policy — Market Failures and Government Intervention

🏛️ About the Institution — University of Chicago

The University of Chicago, founded in 1890, is ranked among the top 10 globally. It pioneered the field of Law and Economics and has produced 100 Nobel laureates.

Founded

1890

Location

Chicago, Illinois, USA

Recognition

QS World Ranking #9 (2026)

❓ Frequently Asked Questions

Why is the University of Chicago uniquely qualified to teach Law and Economics?
The University of Chicago is the birthplace of the Law and Economics movement. Pioneered by scholars like Ronald Coase and Richard Posner, Chicago's approach to analyzing law through economic principles has shaped legal scholarship worldwide.
Can I take this course for free?
Yes, you can audit the course for free on the course platform. Free audit access includes all video lectures and readings. A verified certificate is available for those who want formal recognition.
Do I need a legal background to succeed in this course?
No legal background is needed. The course explains legal concepts from the ground up and uses economic reasoning to make them accessible. It is designed for learners from diverse academic backgrounds.

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Complete walkthrough with screenshots, tips, and troubleshooting

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