Midterm #1
1. Civil law vs. Common law: directly out of the class notes
Wed. Aug. 19
Table 1
2. Rent-seeking vs. Investment: directly out of the class notes
Wed. Sep. 2 and Fri. Sep. 4
3. Property rights--all 3 subparts directly out of class notes and directly out of the text
a. How are they protected?
Wed. Sep. 9
Text pages 55-56
b. How do you do you decide which to use?
Wed. Sep. 9 and Fri. Sep. 11
Text pages 55-56
c. Relative benefits and costs of private and public property
Wed. Sep. 2
Text pages 36-47
4. Effect of legal change on policy outcome
Notes: Mon. Aug. 31. Went over similar problems.
In economics be sure to consider how a change in policy affects BOTH sides of a problem--supply and demand, plaintiff and defendant, etc.
5. Education as externality
Went through the exact opposite example (negative externality) in class
Fri. Sep. 11
This specific example is directly in the text
See pages 68-72, Figure 4.2 is an example of the exact figure you could draw.
If drawn correctly you can have different private and social supply
curves (Fig. 4.2--supply shifts due to subsidy) or demand curves
(benefits)
Midterm 1 Summary Statistics
Minimum 20
Median 39.5
Maximum 49
Number 38
Midterm #1 Course Grade Distribution
A 47+ (8 students)
A- 44-46
B+ 43
B 40-42
B- 37-39
C+ 34-36
C 31
C- 28
D 26
F 20-21
Midterm #2
Ask two questions: 1) What did I miss? 2) Why did I miss it?
1. Poultry Farm--Coasian applicationMidterm #2 Summary Statistics
Minimum 27
Median 40
Maximum 49
Number 33
Midterm #2 Course Grade Distribution
A 46+ (8 students)
A- 44-45
B+ 41-43
B 40
B- 39
C+ 37-38
C 36
C- 35
D 27
Midterm #3
1. Moral Hazard and Risk
Wed. Nov. 4 and Fri. Nov. 6
2. IP/Trade Secrets
Fri. Oct. 16
3. Tort Case
Wed. Oct. 21-Wed. Oct. 28
d and e. Strict liability and comparative negligence
Table 9
4. Advertising
Fri. Oct. 16.
Midterm 3 Summary Statistics
Minimum 19
Median 40
Average 43
Maximum 48
Number 27
Midterm #3 Course Grade Distribution
A 46+
A- 44-45
B+ 41-43
B 40
B- 38
C+ 35
C 31
C- 27
D 21-24
F 19