Program Description: The goal of the Economics Institute for Law Professors is to help participants enhance their understanding of economics and broaden their analytical tools in order to introduce greater economic sophistication and policy relevance to their professional work. More than 640 law professors worldwide have attended the LEC’s Economics Institutes. Alumni routinely credit the Institute with providing creative insights into research and teaching, and with facilitating collegial associations.
The Economics Institute is carefully designed for those who possess little or no previous formal economics education. It covers basic price theory, with emphasis on the allocative effects of alternative property rights regimes, transaction cost economics, and the application of basic economic theory to a variety of legal issues.
The Twenty-Eighth Economics Institute will accommodate up to 30 law professors. All professors must attend group meals and social events together. Classes meet for two weeks, with morning sessions daily and afternoon sessions scheduled on several days. There is no class on Sunday, July 22.
The Economics Institute for Law Professors will run concurrently with the Law Institute for Economics Professors.