Law and Economics is one of many interdisciplinary sciences regarding law, such as Law and Psychology and Law and Philosophy. Law and Economics analyses the law using economic methods. Since the two subjects are so interconnected, Law and Economics gives us a better understanding of both subjects. Law and Economics offers both positive and normative economic analyses of law.
Course description for study year 2021-2022. Please note that changes may occur.
Semester tution start
Number of semesters
Language of instruction
UiS Business School, UiS Business School
Course does not start before autumn 2023
Good knowledge of basic microeconomics, especially with regards to the law of supply and demand. In-depth knowledge of economic analysis of civil liability.
know how supply and demand are affected by legal rules.
have knowledge of basic theories of law and economics concerning topics such as civil liability.
Have advanced knowledge about the consequences of legal rules by identifying the incentives created by a legal framework.
have the ability to do basic economic analyzes of law in civil law systems.
recognize the economic issues in a legal problem and apply the economic way of thinking to analyse it.
make a comparative analysis of alternative legal arrangements based on transaction costs, incentives, and risk allocation; - assess the efficiency effects of legal rules and policies.
Students should be able to:
Apply economic principles to legal doctrine.
Analyze the economic implications of court decisions.
Identify the effectiveness of legal rules in improving social welfare.