BUSP 3160 S
Law and Economics
Professor: Dr. Whitney Buser
Office: 210 C Goolsby
Office Phone: (land line does not receive texts!) 706-379-5127
Office Hours: TR 3:15-4:30; W 10:30am-1:30pm, 2:30-3:30pm
Development Final Review (2nd half)
Why have we seen growth in trade?
Falling tariffs (less protectionism)
Ease of travel (Reduction in time/cost & Shipping Containers)
Faster spread of ideas (Increased demand for global goods)
Trade and Growth
The application of economic theory to everyday life is a key goal of the course. This takes practice.
Frequent reading of economics blogs is an excellent way to facilitate this and encourage interesting
classroom discussions. Therefore, ea
Tolerance is not a characteristic that many would associate with pirates. In reality,
pirates showed tolerance toward black sailors at a time when slavery was the established norm.
Chapter 7 of The Invisible Hook develops the economics of pirate tolerance
The chapter was about Creative Destruction: The power of Technology
Technology responds to Incentives
When technology exists, but the incentives to use it are not present not much will happen
Examples are Romans and the Mayans/Aztecs
China was the most dr
Chapter 10 of Laws Order is a standard description of the dominant theory of property
rights, a good introduction well worth reading even for law students not interested in the
economic analysis of law. The only extravagance in the chapter is a literary s
Drinking and driving act, per thousand.
Law is named .08 Per Se Law and it is the Law that makes it illegal to operate a motor vehicle at or
above .08 Blood Alcohol Concentration. Blood alcohol concentration (BAC).
The Zero Tolerance law applies
a) This idea will benefit insured a lot more than the insurance company will. Before,
insurance companies could deny without really having to worry about consequences.
Now, this gives the insurance company a dilemma. Do they want to risk
Escola vs Coca Cola Bottle Company
Citation: 24 Cal. 2d. 453
Facts: The plaintiff (Escola) worked as a waitress. The defendants delivered several cases of
Coca Cola to the workplace for the waitress and placed several cases of Cola on the floor. The
Cross Country Effects of Democracy on Economic Liberalization
Department of Business and Public Policy
Young Harris College
Department of Economics
Wake Forest University
Working Paper n
Chapter 11 Governments can kill growth
Easterly say in this chapter that the government should avoid the following because these
factors kill growth: High inflation, high black market premiums, high budget deficits, strongly
negative real interest rates,