Law and Macroeconomics (20371). 1 to 3 units. This seminar will examine the interaction between law and macroeconomic fluctuations, with an emphasis on the “Great Recession.” Unlike conventional law and economics, the seminar assumes that aggregate demand plays an important role in determining output. Topics include regulation as a determinant of aggregate demand, the income tax code and government spending as determinants of aggregate demand, the role of corporate law during the Financial Crisis; and Central Banks’ legal authority to conduct unconventional monetary policy. Students who write papers will earn additional credit units. Enrollment limited. Y. Listokin.