LAW AND ECONOMICS

Core Module (10 ECTS)

Description

This module will introduce students to the interdisciplinary approach of Economic Analysis of Law. The course aims to demonstrate how economic theories and insights of behavioural economics can lead to efficient regulation and interpretation, in the fields of private and public law. Students will get familiar with the basic elements of economics, as well as behavioural economics and psychology and treat law as an incentive structure, with its own logic, with successes and failures in channeling human behavior.

Objectives

Upon completion of the course, the student will be able to

• understand the fundamental economic theories and the basic principles of behavioural economics.
• apply such knowledge in legal interpretation
• analyze and assess the current legal framework through the lens of law and economics
• implement law and economics in the design of efficient rules (public policy)

Contents

Topics discussed comprise the use of economics and behavioral economics in various areas of the law with emphasis on the economics of contracts, public law, consumer protection, regulation, antitrust, environmental law, family law and criminal law. 

Academic Requirements

Participants are required to have at least some basic previous knowledge of private and public law.

Teaching method

The course will run under seminar format.

Lecturers

The course is taught by Professors George Dellis, Antonios Karampatzos and Aristides Hatzis.

Assessment and testing

• Students may be offered the option between an oral exam or written paper.