Economics for Law By Dr Anu Singh 1st Edition Nov 25

Economics for Law By Dr Anu Singh 1st Edition Nov 25

Economics for Law By Dr Anu Singh 1st Edition Nov 25

Content

The Present Publication is the Latest Edition, authored by Dr Anu Singh, with the following noteworthy features:

• [Law-first Orientation] Each topic is developed for legal use-cases rather than abstract economics


• [Accessible Pedagogy] Chapters open with Learning Objectives and close with a concise Summary to aid revision


• [Direct Legal Linkages] Dedicated sub-sections connect core results to doctrine, including 'Market in legal context,' 'Legal implications of demand elasticity,' 'Relevance for lawyers and policymakers,' and 'Significance for lawyers'


• [Worked Examples & Diagrams] Graphical representations (e.g., demand–supply, revenue effects, tax incidence) are used where they clarify ideas


• [Comprehensive Back-of-book Aids] A subject index supports quick reference and exam preparation

The coverage of the book is as follows:

• Chapter 1 – Introduction to Economics for Law
  
  
  
  • The chapter explains why economics is indispensable to understanding legal systems, contrasts microeconomics and macroeconomics, and outlines the scope of the subject with references to incentive-based and efficiency-based analysis
  
  
  
  


• Chapter 2 – Basic Economic Concepts Relevant to Law
  
  
  
  • The chapter covers scarcity and choice, trade-offs and opportunity cost, incentives, rationality and marginal analysis, exchange-generated surplus, equilibrium and efficiency, the three fundamental economic problems in relation to the legal system, and economic systems
  
  
  • It includes learning objectives that emphasise policy effectiveness (Pareto and Kaldor-Hicks), the PPF, and the circular flow
  
  
  
  


• Chapter 3 – Market Mechanism
  
  
  
  • The chapter develops demand and supply, determinants, market equilibrium and shocks, and consumer/producer surplus, with a focused section on markets in a legal context
  
  
  
  


• Chapter 4 – Elasticity of Demand and Supply
  
  
  
  • The chapter explains types and interpretation of elasticity and applies them to revenue, tax incidence, and evidentiary issues in cartel and merger matters, with supporting diagrams
  
  
  
  


• Chapter 5 – Consumer Choice Theory
  
  
  
  • The chapter covers utility (cardinal and ordinal), indifference analysis, behavioural economics, and the rationale for law students to understand consumer behaviour
  
  
  
  


• Chapter 6 – Theory of Production and Cost
  
  
  
  • The chapter distinguishes short-run and long-run perspectives, surveys cost concepts, and highlights relevance for lawyers and policymakers
  
  
  
  


• Chapter 7 – Theory of the Firm | Highly Competitive Markets
  
  
  
  • The chapter introduces firms, analyses behaviour across competitive structures, and states the significance for lawyers
  
  
  
  


• Chapter 8 – Theory of the Firm | Highly Concentrated Markets
  
  
  
  • The chapter analyses oligopoly and monopoly, market power, and strategic conduct in concentrated industries
  
  
  
  

About the author

Dr Anu Singh is an Associate Professor of Economics at the School of Law, Christ (Deemed to be University). With over two decades of academic and industry experience, she has established herself as a dedicated educator, researcher, and thought leader in the field of economics.

She holds a PhD in Economics from the Giri Institute of Development Studies, which equips her with a strong foundation in both the theoretical and applied aspects of economics. Over the course of her career, Dr Singh has taught a wide range of subjects, including Principles of Economics, Institutional Economics, Law and Economics, and International Economics. She has also guided several doctoral candidates, reflecting her dedication to mentoring and nurturing the next generation of scholars.