The seminar is divided into three parts that are aimed to provide the student with a rich and comprehensive set of tools, useful for transactional and litigation lawyers as well as for aspiring judges and academics. The first is an introduction to the main theories of contract law, the second is the theory of contract design, and the third is an exploration of the relative merits of various mechanisms used to enforce agreements: contracts, reputation, collateral, and ex-ante regulation. This is a research seminar, and students will develop their own independent research project.
The seminar emphasizes economic theories and concepts. Students registering to this seminar are not required or even expected to have any previous knowledge of economics, but it is required that all students will have a strong sense of curiosity and willingness to engage with complex ideas.