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Law and Economics BØK501

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.

Fakta
Emnekode

BØK501

Vekting (SP)

10

Antall semestre

1

Vurderingssemester

Autumn

Undervisningsspråk

Norwegian

Tilbys av

UiS Business School

Learning outcome

Knowledge:

Good knowledge of basic microeconomics, especially with regards to the law of supply and demand. In-depth knowledge of economic analysis of property rights, civil liability and contract law.

Students should:

  • know how supply and demand are affected by legal rules.
  • have knowledge of basic theories of law and economics concerning topics such as property, contract and civil liability.
  • Have advanced knowledge about the consequences of legal rules by identifying the incentives created by a legal framework.

Skills:

Students should:

  • 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.

General knowledge:

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.

Content

Knowledge:

Good knowledge of basic microeconomics, especially with regards to the law of supply and demand. In-depth knowledge of economic analysis of property rights, civil liability and contract law.

Students should:

  • know how supply and demand are affected by legal rules.
  • have knowledge of basic theories of law and economics concerning topics such as property, contract and civil liability.
  • Have advanced knowledge about the consequences of legal rules by identifying the incentives created by a legal framework.

Skills:

Students should:

  • 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.

General knowledge:

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.
Required prerequisite knowledge
None.
Eksamen / vurdering
Vurderingsform Vekting Varighet Karakter Hjelpemiddel
Written exam 1/1 5 Hours A - F

Course teacher(s)
Course coordinator: Truls Ellingsæter
Open for
Business Administration - Bachelor's Degree Programme
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then a written course evaluation at the end of the course.
Literature
Search for literature in Leganto