Analytical Methods for Business Law (LAW-928-001)
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This course will introduce key economic, financial and statistical concepts and methods used in business law. These concepts and methods fall into four broad areas: decisions and negotiations, finance, microeconomics and competitive strategy, and data analysis (statistics). (Accounting, which is also important for business law, is taught in a separate course in the law school curriculum.) The course aims to provide an introduction to concepts and methods in a manner that will be fully accessible to those with no prior quantitative training or background in these subjects, and to give students the tools to analyze concrete problems in a wide range of legal practice settings. Students will not become experts, but can expect to gain a basic familiarity with the concepts and methods.
For example, you will learn ways of evaluating settlement proposals or contract terms using the concepts of expected value, risk aversion, and the time value of money. You will learn how contract design affects effort and service quality, and economic principles that guide negotiation strategy. You will learn about the benefits of diversification of financial assets, and what is meant by the finance term “beta.” You will learn about the strategies firms adopt to compete, and when firm strategies raise antitrust risks. You will learn about survey design, testing statistical significance, and fundamentals of data analysis including multiple regression analysis.
This course has no prerequisites.
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check to determine if books are currently available for purchase online.
Title: Analytical Methods for Lawyers
Author(s): Jackson, Kaplow et al.
Publisher: Foundation Press (2nd Ed 2011)
First Class Readings
Please prepare the assignment for the first class session, as indicated on the syllabus.
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