This syllabus has assigned readings for each subject we cover, in the sequence that we will cover them. The course makes no attempt to provide an exhaustive survey of the field, but instead offers an indepth analysis of a few core topics while highlighting methodology and the ability of economic theory to. Be familiar with the general approaches to the study of law and legal reasoning. This book consists of a number of antitrust case studies, each written by an economist who worked for one of the sides. Important topics such as monopolies and antitrust, income inequality, economic growth, and the business cycle continue to be central areas of inquiry in economics. Syllabus government regulation of industry economics mit. Further instructions can be found at the end of this syllabus.
Harrison the economics of monopoly power in antitrust roger d. Instead of relying on the outdated edition, we will be using raw copies. Syllabus page 4 of 4 reading assignment week class dates reading assignment pages 1 august 20,22 read the preface and end of the book first. Economics 220b, spring 2007 professor joseph farrell farrell. The assigned readings in this course have been selected to provide a balance of principles, tools and applications. Provide all the legal elements of these claims and likely defenses. Johnson 2 of 26 antitrust spring 2020 if you dont currently know anything about economics, or if you have an aversion to anything vaguely mathrelated, thats excellent. Government intervention may mitigate or resolve some problems with markets, but government action can also make economic outcomes worse. The handbook of antitrust economics offers scholars, students, administrators, courts, companies, and lawyers the economists view of the subject, describing the application of newly developed theoretical models and improved empirical methods to antitrust and competition law in both the united states and the european union.
Antitrust law and economics in a nutshell nutshells gellhorn, ernest, kovacic, william, calkins, stephen on. Perloff, modern industrial organization addisonwesley, 4th ed. Economics of regulation and antitrust the mit press kindle edition by viscusi, w. Antitrust economics course lectures competition policy. Sample syllabus economics xxx law and economics this course provides a graduate level introduction to the field of law and economics. Download it once and read it on your kindle device, pc, phones or tablets. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which. An introduction to theory and practice, cambridge university press. You can add any other comments, notes, or thoughts you have about the course structure, course policies or anything else. Since the early 1980s, the field of antitrust law has become an area of law highly dependent upon economics.
We shall examine the laws congress passed, the interpretation given them by the courts, and the efforts of two federal agencies to enforce these laws. In addition to antitrust, many other courses in this course cluster analyze the law and economics of economic regulation of free markets and competition. This course will provide you with some basic instruction in industrial organization economics the economics of the firm and the market and in game theory. Introduction to antitrust goals and procedures, casebook pp.
Two variants of this course are offered, a threecredit antitrust law course and a fourcredit antitrust economics and law course. Complete syllabus will be distributed in class and posted. The course uses basic economic concepts to help describe. Specific topics include agreements among competitors, joint ventures, mergers, and monopolization. Syllabus industrial organization sites university of florida.
The study of antitrust law at the law center begins with the basic antitrust law course. Ordinarily, readings for the any given week will be posted by. The goal of the course is to teach the underlying economic. Wright george mason university school of law phone. Indeed, if one is a regular reader of the new york times or wall street journal, the chances are good of seeing in any given week at least. Mba curriculum is perfectly intelligible if it is judged not by its intentions but. Antitrust law examines the law and economics of cartels including price fixing and market. This course surveys the legal, economic and policy framework that governs american business. Recently, though, the subject matter of economics has broadened. Johnson 1 of 24 antitrust spring 2019 antitrust university of oklahoma college of law spring 2019. Economics of regulation and antitrust, fourth edition.
Antitrust policy, substance and the structure and operation of enforcement agencies and courts in the leading antitrust. This website uses cookies so that we can provide you with the best user experience possible. Page the law of group boycotts and related economic considerations jeffrey l. Will hausman economics 341 is a onesemester survey of the development of the u. Suppose also that after the merger, the marginal cost of production falls to c0 and the price rises to p0. D lectures on antitrust economics cairoli lecture series article pdf available in journal of economics 933. Syllabus comparative and international antitrust law. Michael whinston, lectures on antitrust economics, mit press 2005. We may deviate from the tentative syllabus for reasons including. Antitrust economics law 237 antonin scalia law school. Harrington, economics of regulation and antitrust, 3rd.
This new edition of the leading text on business and government. Readings will be posted to the chart of assignments, which is online. The foreseeable future of antitrust law common law through transmissouri. Econ 6400 game theory spring econ 6570 natural resource use, technology, and policy spring. Find materials for this course in the pages linked along the left. Antitrust law and economics in a nutshell nutshells. Each team project involves writing a memorandum to your superior on a specific antitrust issue. A substantially revised and updated new edition of the leading text on business and government, with new material reflecting recent theoretical and methodological advances. Ec333 market organization and public policy regulation and antitrust spring 20 prof. No prior knowledge of either of these areas is required. Monopoly including market definition 616 read, 61629, 63846 read, 64653. Suppose that the industry is initially competitive, with a price equal to c.
A key point is that the existence of a free good signals that there is a companion good, that firms consider both products simultaneously in maximizing profit, and that commonly used methods of antitrust analysis, including market definition, probably need to be adjusted to properly analyze two inextricably linked products. Economists generally believe that monopolies and other restraints of trade are bad because they usually. Antitrust law syllabus, fall 2018 law 6550 3 credit hours mtw 9. Crane facilitating practices and concerted action under section 1 of the sherman act william h. The goal of the course is to teach the underlying economic foundations that drive antitrust analyses at the u. The course covers issues in the regulation, antitrust and the theory of the firm, including. The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to varying degrees guides the design and enforcement of. This seminar examines recent developments in the economic. Einer elhauge and damien geradin, global antitrust law and. Use features like bookmarks, note taking and highlighting while reading economics of regulation and antitrust the mit press. Perfect competition is known to generate the best possible welfare outcomes but real markets are often quite. The fourcredit course is expanded to permit additional analysis of the economic aspects of the business conduct and law, and. Antitrust econlib the library of economics and liberty. James parker hall distinguished service professor of law.
Introduction 2 1 aims of the lectures antitrust laws play a prominent role in the business environment of many nations. Syllabus regulation antitrust and the theory of the. The second edition of antitrust economics provides a thorough treatment of the economic theory that both motivates and to varying degrees guides the design and enforcement of the antitrust laws of the untied states. Michael whinston, lectures on antitrust economics, mit, 2006.
Economics of regulation and antitrust fall 2016 syllabus. Antitrust economics reading list indicates required reading required and recommended textbooks. The centrality of economics antitrust sets it apart from other fields of law. It is wellmunderstood by now that the number of firms that unfettered competition can support in a market need not be efficient in such cases see, for example. Government regulation of business laws 7221 course syllabus university of colorado law school professor young kim fall, 2008 course description. A pdf version of the spring 2012 syllabus can be found here. Economics, competition, and policy, 4th edition, new york. Antitrust economics law 237 antonin scalia law school, george. Origins before 1890, the only antitrust law was the common law. Clearly state the antitrust law and principles affecting these issues. Syllabus economics 341 american economic history spring 2017 blow hall 331 prof. The peg on which the goals of this course hang is the study of the federal antitrust laws.
Antitrust economics course reading list competition. Einer elhauge and damien geradin, global antitrust law and economics 2017 cb note. This sevenweek course will explore the relationship between law and technology with a strong focus on the law of the united states with some. Citing relevant legislation and landmark court cases, the text offers a comprehensive analysis of both horizontal and vertical antitrust issues and uses economic theory to. You should assume that your superior knows little, if anything, about economics or competition policy, but is generally intelligent and a quick study. The new 2017 edition of the casebook is not yet available. Students prepare an honors thesis in economics over the academic year, supervised by a faculty member of their choice. Antitrust economics 3740, 4557 nontechnical material only, 78082 read iii. In both semesters students present their work in progress to the class. Syllabus government regulation of industry economics.
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