Antitrust Law (LAW-692-001)
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Examines the laws that protect consumers by ensuring competition in the marketplace. Topics include agreements among rivals, agreements between firms and their suppliers and customers, monopolization, mergers, and antitrust and the "new economy." The course goes beyond Supreme Court case law to study influential modern lower court decisions and government enforcement guidelines. Although economic concepts and thinking characteristic of contemporary antitrust analysis are integrated throughout, the economic content of the course is accessible to students without background in that field.
Textbooks and Other Materials
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The casebook for the course will be Andrew Gavil, William Kovacic, Jonathan Baker, and Joshua Wright, Antitrust Law in Perspective: Cases, Concepts and Problems in Competition Policy (West Academic Publishing, 3d ed. 2016) ISBN-10: 0314266054 ISBN-13: 978-0314266057
First Class Readings
For our first class session please read Gavil, Kovacic, Baker, and Wright, Antitrust Law in Perspective pages 1-4(middle), 5-6(top), 17-28(top), 35-37(middle), 39(bottom)-51(top), 55(bottom)-59(top), 1371, 1387-89(top), 1419 (Sherman Act § 1) * Optional Additional Reading: United States Department of Justice, Antitrust Division, “AT Enforcement and the Consumer,” posted in the Handouts folder of the Course Materials section of the MyWCL site for the course; Tim Wu, The Curse of Bigness: Antitrust in the New Gilded Age (2018) (extract), to be posted soon in the same location. * How Much Economics do You Need to Know to Succeed in this Class? While antitrust law heavily involves the application of basic economic principles to varied forms of business conduct, it is not necessary to have studied economics previously to excel in the course and the field. If you have not taken a basic course in microeconomics before, however (or if you have done so and want to brush up on some fundamental ideas and principles after reading casebook pages 17-28), you should view the narrated PowerPoint presentation entitled “Introduction to Microeconomics - Part One.” (Please ignore the fact that the first slide is labeled “Introduction to Microeconomics - Continued,” the references in this presentation to things said in a class discussion, and the occasional coughing – the narrator was a bit under the weather when he recorded the presentation.) The link to this mp4 file is posted in a subfolder within the Narrated PowerPoint Presentations folder in the Course Materials section of the MyWCL site for the course. The table of cost figures prominently discussed in this narrated PowerPoint presentation is posted at the MyWCL site for the course in the “Handouts” folder as “02 Key Dimensions of Firm Costs.” In connection with this presentation, you may find it helpful to test your knowledge by answering the related study questions posted in the Study Questions folder at the MyWCL site for the course.