Economics Institute for Judges, September 2011
Event Date: Sunday, September 18 to Friday, September 23, 2011
Location:
George Mason University School of Law, Arlington, Virginia
The Economics Institute for Judges is a week-long program that addresses the fundamental issues often at the heart of legal disputes and provide judges with a solid grounding in economics, statistics, and scientific method. Analysis of numerous court cases emphasizes the practical relevance of these disciplines. Registration for this program is now closed. Click Here for the Program Readings. Format: Interactive Lectures Schedule: 28 hours of lecture over six (6) days Group Meals: Breakfast, Monday through Friday
Lunch, Monday through Thursday
Reception and Dinner, Sunday and Thursday evenings Venue: George Mason University School of Law
3301 Fairfax Drive
Arlington, Virginia 22201 Hotel: The Westin Arlington Gateway
801 North Glebe Road
Arlington, VA 22203
AGENDA:
SUNDAY, September 18 | 3:00 – 4:00 pm | Registration | | 4:00 – 4:15 pm | Welcome and Introduction | | | Henry N. Butler, Professor of Law, George Mason University School of Law,
and Executive Director, Law & Economics Center | | | Linda Kelly, Director, Mason Judicial Education Program | | 4:15 - 6:00 | Opening Session | | | Barry Baysinger, Professor of Business Administration, School of Business,
University of Kansas | | 6:00 p.m. | Reception and Dinner and History of the LEC - Butler |
MONDAY, September 19 | 7:00 – 7:50 am | Breakfast | | 8:00 – 9:15 am | Economic Thinking - Butler | | 9:30 – 10:45 am | Supply, Demand and Mutually Beneficial Exchange - Butler | | 11:00 – 12:15 pm | The Role of Prices ; Law and Economics in the Courts
Butler | | | Reading Assignment: Butler and Drahozal, Economic Analysis for Lawyers,
2nd ed., Carolina Academic Press (2006): Chapters I and II | | 12:15 – 1:00 pm | Lunch | | 1:00 – 2:15 pm | Property Rights and Exchange - Johnsen | | | D. Bruce Johnsen, Professor of Law, George Mason University School of Law | | | Reading Assignment: Butler and Drahozal, Chapter I, §B | | | Johnsen, "Salmon, Science and Reciprocity on the Northwest Coast",
Ecology and Society 14(2): 43 (2009) | | 2:30 – 3:45 | Externalities, Property Rights, and the Coase Theorem –Johnsen | | | Reading Assignment: Butler and Drahozal, Chapter I, §B | | | "'Late Rut' will Promote Buck Movement," D. Bruce Johnsen
Houston Chronicle, Dec. 20, 1984 | TUESDAY, September 20 | 7:00 – 7:50 am | Breakfast | | 8:00 – 9:15 am | Game Theory, Subjective Value | | | Bruce Kobayashi, Professor of Law, George Mason University School of Law | | | Reading Assignment: Butler and Drahozal, Chapter I, §D; Chapter II, §C.2 | | 9:30 – 10:45 am | Markets in Action - Kobayashi | | | Reading Assignment: Butler and Drahozal, Chapter I, §D; Chapter II, §C.2 | | 11:00 – 12:15 pm | Competition and Monopoly | | | Joshua D. Wright, Professor of Law, George Mason University School of Law | | | Reading Assignment: Butler and Drahozal, Chapter VII (skim entire chapter) | | 12:15 – 1:00 pm | Lunch | | 1:00 – 2:15 pm | Cartels and Mergers - Wright | | | Reading Assignment: Butler and Drahozal, Chapter VII, §C; | | | Richard A. Posner, Economic Analysis of Law, Section 10.1, pp 287-295;
and Section 10.6, pp. 304–307. | | 2:30 – 3:45 | Monopolization and Single Firm Conduct - Wright | | | Reading Assignment: Butler and Drahozal, Chapter VII, §D.5; | | | Posner, Ch. 10 Section 10.3, pp. 298-301; 10.8 pp. 308-314 | | 4:00 - 5:15 pm | Experimental Economics Lab Session – Kevin A. McCabe, Professor of
Economics, Law, and Neuroscience, George Mason University | WEDNESDAY, September 21 | 7:00 – 7:50 am | Breakfast | | 8:00 – 9:15 am | Experimental Economics – McCabe | | 9:30 – 10:45 am | Risk, Injury and Liability - Johnsen | | | Reading Assignement: Butler and Drahozal, Chapter VI, §§A and C, pp. 255-258 | | 11:00 – 12:15 pm | Economics of Insurance - Butler | | | Reading Assignment: Butler and Drahozal, Chapter VI, §B | | 12:15 – 1:00 pm | Lunch | | 1:00 – 2:15 pm | Economic Organization and Financial Products - Johnsen | | | Reading Assignment: Butler and Drahozal, Chapter VI, §D | | | "Myths About Mutual Fund Fees: Economic Insights on Jones v. Harris,"
D. Bruce Johnsen | | 2:30 – 3:45 pm | Economics of Civil Procedure I
Kobayashi | | | Reading Assignment: Butler and Drahozal, Chapter III, §C | | 4:00 - 5:15 pm | Economics of Civil Procedure II – Kobayashi | | | Reading Assignment: Butler and Drahozal, Chapter III, §C | THURSDAY, September 22 | 7:00 – 7:50 am | Breakfast | | 8:00 – 9:15 am | Information Costs and Transaction Costs - Wright | | | Reading Assignment: Butler and Drahozal, Chapter V, §§A and B | | 9:30 – 10:45 am | Agency Costs and Contracting - Wright | | | Reading Assignment: Butler and Drahozal, Chapter V, §§C and D.1-2 | | 11:00 – 12:15 pm | Public Choice: Concepts | | | Todd J. Zywicki, Professor of Law, George Mason University School of Law | | | Reading Assignment: Butler and Drahozal, Chapter III, §§A and B; Chapter VII §D.2; | | | Stearns and Zywicki, Public Choice Concepts and Applications in Law,
Thompson Reuters, (2009) pp. 76-82, 84-89, and 153-165. | | 12:15 – 12:30 pm | Group photo | | 12:15 – 1:15 pm | Lunch | | 1:00 – 2:30 pm | Public Choice: Applications - Zywicki | | 3:30 pm | Bus departs Westin Hotel for Tour, reception & dinner at Mt. Vernon | FRIDAY, September 23 | 7:00 – 7:50 am | Breakfast | | 8:00 – 9:15 am | Mortgage Markets - Zywicki | | | Reading Assignment: "The Law and Economics of Subprime Lending,"
"The Housing Market Crash." | | 9:30 – 10:45 am | Consumer Credit - Zywicki | | | Reading Assignment: "America's Debt Paranoia," "The Market for Information and
Credit Card Regulation," "Money to Go." | | | Reading Assignment: "The Law and Economics of Subprime Lending,"
"The Housing Market Crash." | | 11:00 – 12:15pm | Review - Butler |
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