University of Miami School of Law Course Description - Online System
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Fall 2013

Course Description
Intellectual property is playing a growing role in society, culture, the economy and politics. Some estimates conclude that the current value of intellectual property significantly outweighs the value of physical property - land, tangibles and intangibles together. The technological revolution of the Internet and accompanied technologies resulted with a huge increase in informational goods and intellectual creations that became potential candidates for the protection of IP rights. Parallel changes characterize patents, the value of which was increasingly acknowledged with the significantly accelerated pace of technological advancement and the growing number of patent disputes. Intellectual property law became one of the fastest growing fields of law.
The increasing significance of intellectual property laws generated a growing interest in the Economic Analysis of Intellectual Property. Intellectual property has not been a serious focus of the science of economics until the current technological revolution. Yet in the last two decades we are witnessing an emerging economic literature on intellectual property, innovation and technological advancement, both empirical and theoretical. The rise of Law and Economics as a dominant movement in the analysis and evaluation of the law has been accompanied by an increased economic discourse related to intellectual property policy debates.
The course is meant to provide an overview of the Law and Economics of intellectual property and innovation. The theoretical analysis, both normative and positive, will be accompanied by some legal materials from the US and the EU.
Final grade will be given on the bases of a final take-home exam.

Main topics
1. Introduction to law and economics
2. Intellectual property law and institutions
3. Normative analysis – the incentive paradigm
4. Normative analysis – the propriety paradigm
5. Positive analysis of IPR
6. Law and Economics of innovation

Short Course Attendance Policy
Due to the small number of meetings, attendance to all meetings/classes for short courses is mandatory. Students who miss more than one class session (80 minute) of a 1-credit short course are subject to administrative withdrawal and will have a W for the course on their transcripts.

Course Schedule
Offering Dates: 09-30-2013 - 10-05-2013  

Dates Day Time Room
09-30-2013 - 10-03-2013   MTWR  12:30 PM-1:50 PM A110
10-04-2013 - 10-04-2013   F  2:00 PM-5:00 PM A110
10-05-2013 - 10-05-2013   S  10:00 AM-1:00 PM A110

Course Frequency
Occasional course offering

Course Information

Credits: 1
Pass/Fail Option: Yes
Method of Evaluation: FINAL TAKE HOME EXAM
Graduation Requirements Fulfilled By Course: None
Special Attributes:
New Course
Short Course
Special Restrictions:
Law Track(s):
Intellectual Property - Specialized
Bar Subject(s): None
Concentration(s): None
Course Book(s): TBD/None      
First Class Assignment(s): TBD/None