Edward Morrison : Courses and Seminars
Bankruptcy and Reorganization: The Federal Bankruptcy Code
This course surveys the Federal Bankruptcy Code, including both the law of individual bankruptcy and the law of corporate reorganization. Topics include the rights of creditors in bankruptcy, the individual's right to discharge, the relationship between bankruptcy law and state law, the treatment of executory contracts, bankruptcy planning, and the restructuring of corporations in Chapter 11. A deeper exploration of current issues in corporate restructuring is available in "Corporate Reorganizations," taught by Mr. Baird. The student's grade will be based on a proctored final examination. Open to MBA students.
This course, offered over two sequential quarters, is an introduction to commercial and consumer law and lays the foundation for advanced study in commercial transactions, corporations, restitution, consumer credit, insurance, labor and employment law, and investment securities. Substantively, the Contracts course deals with how contracts are formed, which contracts are valid, when a contract has been breached and the various remedies for breach, including damages, specific performance, and restitution. The course is also designed to introduce the student to legal methodology and to compare the common law with the techniques of statutory interpretation, particularly in connection with the Uniform Commercial Code. The student's grade is based on a single final examination.
This course examines basic corporate financial matters, including valuation of securities and projects, portfolio theory, returns to risk bearing, the theory of efficient capital markets, the use and valuation of options and derivatives, and corporate capital structure. The course primarily focuses on the financial aspects of these matters rather than on any specific laws governing particular transactions, and the textbook is a basic business school corporate finance textbook. Students with substantial prior exposure to these issues (such as students with an MBA, joint MBA/JD, and undergraduate business or finance majors) are ineligible for the course. A student's grade is based on occasional homework assignments (graded pass-fail) and a proctored final examination.
Empirical Law and Economics
This seminar evaluates recent empirical work in the field of law and economics. Students will develop skill in critiquing the theory motivating empirical inquiry, the data chosen for analysis, and the statistical methodology employed. Particular attention will be given to methods used to evaluate causal empirical claims in law and economics. Grades will be based on class participation, weekly short reaction papers (2-3 pages), a short research paper (not exceeding 15 pages) that proposes an empirical project, and in-class presentation of the research paper. Students will work in groups to write and present their research papers.