LAW AND ECONOMY

LAWG239

Course Code: LAWG239
Semester: -
Theory+Practice: 2 + 1
ECTS: 4

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Understand the relation between law and economics.
Learn the economic concepts with respect to law.
Evaluate economic events in relation with law.
Understand reflections of economic events in the field of law.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

Law and other economy in general, addressed the economic analysis of law and economic efficiency in terms of legal issues to be assessed is based on an approach.

Course Contents

WEEK	TOPICS
1^st Week	Overview of the historical development of law and economics
2^nd Week	Chicago School: price theory, event, compensation principle.
3^rd Week	Chicago School: Maximum social welfare.
4^th Week	Chicago School: Value as legal rules, effective legal rules format.
5^th Week	Public Choice Theory: Direct and representative democracy, rant watch activity.
6^th Week	Corporate Law and Economics: the historical development of institutional economics public administration and efficiency.
7^th Week	The new corporate law and economics
8^th Week	Midterm Exam
9^th Week	Legal-economic analysis of the institutional framework-I
10^th Week	Legal-economic analysis of the institutional framework-II
11^th Week	Property rights, power of attorney relationship, transaction costs
12^th Week	Analysis of institutional arrangements: Incentives and political relationship with the property
13^th Week	Income distribution I
14^th Week	Income distribution with relationship to law

Recommended or Required Reading

Ulen, Thomas; Cooter, Robert: Law and Economics.
Mercuro, Nicholas ve Steven G. Medema; Economics and The Law. Princeton: Princeton University Press.
Dau-Schmidt, Kenneth ve Thomas S.Ulen; Law and Economics Anthology. Ohio: Anderson Publishing Co.
Oğuz, Fuat; Piyasa "Hukukun Ekonomik Analizi: Genel Bir Değerlendirme". 1(2).
Oğuz, Fuat; Piyasa "Bankacılık Regulasyonu ve Ekonomik Etkinlik". 2(5).

Planned Learning Activities and Teaching Methods

Lecture
Questions/Answers

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Total(%)		40
Contribution of In-term Studies to Overall Grade(%)		40
Contribution of Final Examination to Overall Grade(%)		60
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz
Individual or group work	14	3	42
Preparation for Final exam	1	18	18
Course hours	14	2	28
Preparation for Midterm exam	1	16	16
Laboratory (including preparation)	14	1	14
Final exam	1	1	1
Homework
Total Work Load			120
Total Work Load / 30 (h)			4
ECTS Credit of the Course			4

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4
K1			X
K2	X	X	X	X
K3
K4	X	X
K5
K6
K7	X	X	X	X
K8	X	X	X	X
K9
K10
K11	X	X	X	X
K12