Law and Economics

Course content

This course is an introduction to Law and Economics, an influential and growing strand of legal scholarship. The course is designed to provide students with basic knowledge of the methodology of economic analysis of law. It presents the main ideas in the field, offers applications of economic analysis to both public law and private law doctrines, and discusses some of the criticisms against the Law and Economics literature. Students taking this course will be acquainted with some of the best and most famous Law and Economics papers. They will also learn the basics of conducting quantitative empirical research and some insights from game theory necessary for understanding the theoretical work in the field.

Learning outcome

Knowledge: Students will learn the basic methodological tools of Law and Economics, their advantages for legal analysis and their limitations. They will learn some of the greatest ideas in the field of Law and Economics. Students will be able to explain what makes legal solutions more efficient or fairer. They would be able to describe the economic implications of many legal solutions in private and public law.

Skills: Students will gain the skill of thinking about strategic behavior in clear analytical terms. They will be able to identify the economic interests behind legal and regulatory policies and to criticize these policies according to their efficiency and effectiveness. Students will learn through the final exam how to formulate their ideas in a clear and precise manner and improve their writing skills.

Competences: Students will acquire the ability to read cutting-age theoretical and empirical Law and Economics scholarship and to criticize it. They will gain some basic tools of quantitative research and Game Theory that will allow them to start conducting research in Law and Economics. Students will expand their interdisciplinary research skills, making it easier for them to study other fields of law and social sciences in the future.

In addition to attending classes, reading the materials, asking questions, and submitting the final exam students will participate in strategic games and group exercises in class.

Students must be proficient in English speaking, reading, listening, and writing skills.

Oral
Continuous feedback during the course of the semester
Feedback by final exam (In addition to the grade)
Peer feedback (Students give each other feedback)
ECTS
7,5 ECTS
Type of assessment
Written assignment, 3 days
Assigned written individual assignment, 3 days
Marking scale
7-point grading scale
Censorship form
No external censorship
  • Category
  • Hours
  • Seminar
  • 35
  • Preparation
  • 171,25
  • English
  • 206,25