Economic Analysis of Law

Bachelor 2023/2024

Type: Elective course

Area of studies: Law

Delivered by: School of Legal Regulation of Business

Where: Faculty of Law

When: 3 year, 4 module

Mode of studies: offline

Open to: students of all HSE University campuses

Instructors: Dmitry Tekutev

Language: English

ECTS credits: 3

Contact hours: 22

Full Syllabus

Abstract

Academic course «Экономический анализ права» (Law & economics / Economic analysis of law) is devoted to the study of the main theoretical concepts and institutions of economic analysis of law, which emerged in the 1960s-1970s as a branch of scientific thought that uses economic tools to analyze existing law and investigates the impact of legal norms on the economic behavior of individuals. The aim of this course is to teach students the basics of economic analysis of law to the extent necessary to solve individual problems of legislation and law enforcement. As a result of the course, the student will learn to analyze the costs and benefits of legal regulation and to use economic tools to assess the effectiveness of individual institutions of law. In addition, the student can use the learnt economic and legal tools to solve complex practical issues arising at the intersection of the two sciences or to conduct interdisciplinary research.The discipline provides compulsory preparation for each seminar class (written and oral homework), group project, final written exam. There are no blocking elements of control. To successfully master the discipline, students must possess the following knowledge and competences: know the basics of economic theory; basic theoretical concepts, legislation and judicial and arbitration practice on key issues of law; have the abilities to work with scientific literature, analytical and statistical materials.

Learning Objectives

knowledge by students of the basic concepts, categories and tools of economic analysis of law to the extent necessary to solve individual problems of lawmaking and law enforcement

Expected Learning Outcomes

to know the main directions of economic analysis of law, the difference between positive and normative economic analysis of law; the difference between the categories of «economic grounds» and «non-economic grounds» of legal regulation; the essence of the concepts of «market failures», «externalities», «fairness», «paternalism»
to know the categories of «behavioral economics», «cognitive distortion», «nudge theory», «default rules»; the main strategies of optimal distribution of risks and obligations in a contract
to be able to analyze the costs and benefits of legal regulation; evaluate proposed legal regulation from the point of view of economic efficiency; distinguish between the means of protection of civil rights under the property rule and the means of protection of rights under the liability rule; analyze corporate relations from the point of view of agency and behavioral theory; apply game theory in the analysis of torts; conduct economic analysis of the main provisions of a contract
to have skills of applying the methods of analysis of legal norms from the position of behavioral economics and determination of options for their optimization; methods of application in practice of the main means of increasing the efficiency of corporate activity; methods of economic analysis of mergers and acquisitions; tools of assessment and compensation of damages in tort relations; main tools of effective contract termination

Course Contents

Topic No. 1. Introduction to the economic analysis of law
Topic No. 2. Main concepts of economic analysis of law
Topic No. 3. The concept and grounds of state regulation of the economy
Topic No. 4. Methods and forms of state regulation of the economy
Topic No. 5. Behavioral economics and law
Topic No. 6. Economic analysis of the property rights
Topic No. 7. Economic analysis of contract law
Topic No. 8. Economic analysis of tort law
Topic No. 9. Economic analysis of corporate law
Topic No. 10. Empirical legal studies

Assessment Elements

Active participation in seminars
The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)
Group project
The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)
Written questioning (examination) (synchronous without proctoring)
The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)

Interim Assessment

2023/2024 4th module
0.2 * Active participation in seminars + 0.2 * Group project + 0.6 * Written questioning (examination) (synchronous without proctoring)

Bibliography

Recommended Core Bibliography

Карапетов, А. Г. Экономический анализ права / А. Г. Карапетов. — Москва : СТАТУТ, 2016. — 528 с. — ISBN 978-5-8354-1238-9. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/92530 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.
Одинцова, М. И. Институциональная экономика : учебник для вузов / М. И. Одинцова. — 4-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2023. — 459 с. — (Высшее образование). — ISBN 978-5-9916-6666-4. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/510856 (дата обращения: 27.08.2024).
Одинцова, М. И. Экономика права : учебное пособие для вузов / М. И. Одинцова. — 2-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2023. — 345 с. — (Высшее образование). — ISBN 978-5-534-00351-2. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/511204 (дата обращения: 27.08.2024).

Recommended Additional Bibliography

Корнейчук, Б. В. Институциональная экономика : учебник для вузов / Б. В. Корнейчук. — 2-е изд., испр. и доп. — Москва : Издательство Юрайт, 2023. — 241 с. — (Высшее образование). — ISBN 978-5-534-07772-8. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/512148 (дата обращения: 27.08.2024).
Сухарев, О. С. Институциональная экономика : учебник и практикум для вузов / О. С. Сухарев. — 3-е изд., испр. и доп. — Москва : Издательство Юрайт, 2023. — 463 с. — (Высшее образование). — ISBN 978-5-534-06461-2. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/511252 (дата обращения: 27.08.2024).
Шмаков, А. В. Экономическая теория права : учебник и практикум для вузов / А. В. Шмаков, Н. С. Епифанова. — 3-е изд. — Москва : Издательство Юрайт, 2023. — 446 с. — (Высшее образование). — ISBN 978-5-534-14118-4. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/516344 (дата обращения: 27.08.2024).

Authors

TEKUTEV DMITRIY IVANOVICH
ERPYLEVA Nataliia Iurevna

Course Syllabus