Boston University Fall, 2005

 EC 337  Home Page
 Economics of Legal Issues

Class: MWF 2:00, Room GCB 205

Instructor: Michael Manove
Office: 270 Bay State Rd, Rm 556
Office Hours: T 5-6:30, F 3:30-5

manove@bu.edu
[Please include "EC 337" on the subject line.]
TA: Francesco Russo
Office: 264 Bay State Rd, Rm B10
Office Hours: M 3-4:30, R 9:30-11

russoffr@bu.edu
[Please include "EC 337" on the subject line.]

Revised: Thursday, December 22, 2005
 
Current Announcements
12/22/05 To obtain a copy of your exam and review your grading and possibly request more points:
1. During the second week of the spring semester (or anytime after), you may obtain a copy of your exam from my assistant, Miriam Hatoum, Rm 545 of 270 Bay State Rd.
2. Then use email to make an appointment with our TA, Francesco Russo, and review your exam with him.
3. After that, I would be pleased to review your exam with you.  Send me an email stating that you have already reviewed your exam with Francesco, and I will make an appointment with you.
12/22/05 Answers v1 Final Exam
Answers v2 Final Exam
Your performance
12/14/05 Last year's final exam is available here.  Please use it as a sample final for this year. The answers are available here. The coverage of this year's exam will not be exactly the same, but it will be close.  Also, this year's exam will have fewer multiple-choice questions and more problems.
12/13/05 You may download all slides for the course: Property Rights, Property Conflicts, Bargaining and Game Theory and Contracts. A sample final exam will soon be available.
12/6/05
The second midterm exam with its (revised) answers marked can be found here: Midterm 2 Version 1, Midterm 2 Version 2. The following changes were made in the way the exam was scored:

Q1a) Top-Left: -8k or -10k was counted as correct.
Q1a) Top-Right: -8k or -10k or 2k was counted as correct.
Q2 the dissenters... counted as correct for either answer.
Q6 imprisonment gets... now counted as correct if crossed out.

Your adjusted score is listed here.
11/16/05 Here is a sample exam (without answers) for Midterm 2.  Here are the answers. Keep in mind that the material in the sample exam does not correspond exactly to the material to be covered in the real exam.
11/14/05 More notes, including those on limited use of eminent domain, are available today: Property Conflicts, Bargaining and Game Theory. This is the US Supreme Court Opinion on eminent domain: KELO et al. v. CITY OF NEW LONDON et al.
11/10/05 Midterm II is scheduled for Friday, November 18.
11/10/05 The Course Schedule has been revised AGAIN.  Please check it now.  You may also download my latest slides: Property Rights and Property Conflicts, Bargaining and Game Theory.
10/28/05 I've decided that several of the multiple-choice questions on Midterm 1 were unfair. 
Question: "strong system of property rights." No points will be subtracted for the following parts:
  -reduce social unrest.
  -limit the practice of bribery.
Question: "frequent flyer." No points will be subtracted on any part.  This means that students might gain up to 21 points.

The exam with its answers marked can be found here: Midterm 1 Version 1, Midterm 1 Version 2.

Your revised score is listed here.
10/10/05 The EC337 Midterm 1 Practice Exam is located here.  My answers for the practice exam are located here.  Advice: Sit down and allow yourself 45 minutes to take the practice exam.  Do not look at the answers until you have taken the exam and tried your best to find errors.
10/5/05 Course Notes, Course Schedule and Problems have been revised.  Please check them now.
9/21/05 Read the CTEA Supreme Court decision.
9/19/05 Problems 7 and 8 are changed. Check the problem list.
9/10/05 The numbers in the problem assignments refer to the problem list.
9/5/05 Your final exam is scheduled for Tuesday, December 20, from 9:00 to 11:00 am.  If you intend to travel home by air at the end of the semester, please be careful to reserve seats only for flights scheduled after your final exams are completed.  Make your reservations in September, because seats are scarce for flights during the Christmas Holidays.  No one will be permitted to take the final examination early.  I never make exceptions to this rule.
9/5/05 Please read the Course Information page.
8/27/05 Dear EC 337 Students: This semester we will use only one textbook: Richard Posner, The Economic Analysis of Law, 6th Edition.
 
Dear Students,

Although I may be reached by phone at 617-353-3299, I would appreciate it if you would send email to me instead. Email is less disruptive than a phone call, and email gives me a permanent record of your message. My email address is manove@bu.edu, but be sure to include EC337 somewhere on the subject line.  I try to check my email at least every two or three hours, except in the middle of the night, and I will try answer your questions as soon as I can. Of course, for urgent matters, do feel free to phone me.

--Michael Manove

Course Materials on the Internet:

The most recent version of all
coursematerials will always be available on the
 web.  Go to http://www.bu.edu/econ/faculty/manove/EC337/ .
Students without computers (or friends with computers) can use terminals in the
basement of the Academic Computing Center at 111 Cummington Street or other terminals
throughout the campus. I will bring a limited number of printed copies of each handout to lectures,
but if you have or can gain access to the internet, I urge you to keep track of course materials on the Web.

Acrobat PDF Reader

Files marked with an '*' on this website require the use of the Acrobat Reader, version 7.0 or later. This software is available free of charge. If you do not have the the Acrobat Reader v7.0 or later, please click here Acrobat Reader to obtain it.   Then close your web browser and install it on your computer.