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Law and economics is one of the fastest-growing areas of applied microeconomics. Economics is concerned with the behavior of rational agents given limited resources. The legal environment provides the rule of games for rational economic choices. Therefore, it is natural that economists explore the nature of the legal system, which generates various economic incentives. Students are expected to be able to understand the interactive effect of the legal system and economic behavior. An intermediate microeconomic background is needed, although some of the material is reviewed during the course. This course is limited to Executive LLM candidates Instruction occurs overseas