ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ECONOMICS OF BUSINESS LITIGATION
Code BLEL707
Coordinator Prof BJM Deffains
Economics, Finance and Accounting
Bruno.Deffains@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2017-18 Level 7 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
MSc Business Law and Economics

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           24
Lectures
24
Timetable (if known)           A feature of the module is the emphasis on applying game theory and behavioural economics to real life problems and situations. Action learning sets are used as a method to enable group discussions to
  		 
Private Study 126
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Coursework  1500 words  Midterm semester 2  50  Yes  Standard UoL penalty applies  Written report 1 
Coursework  1500 words  End of semester 2  50  Yes  Standard UoL penalty applies  Written report 2 Notes (applying to all assessments) Two written reports - Application of concepts to an appropriate work situation 

Aims

This module introduces students to the key concepts of "Game theory" and "Economics & Psychology". It provides students with the skills and knowledge to recognise and contribute to an economic perspective on conflicts resolution.


Learning Outcomes

Students will apply game theory to conflict resolutions mechanisms

Students will identify the (limited) rationality of litigants

Students will compare court systems with alternative dispute resolution mechanisms

Students will evaluate the efficiency of legal systems to solve conflicts

Teaching and Learning Strategies

Lectures - Lectures

A feature of the module is the emphasis on applying game theory and behavioural economics to real life problems and situations. Action learning sets are used as a method to enable group discussions to consider the implications and issues of legal institutions. There will be contact days involving a mix of lectures, action learning sets, activities, group discussions and case studies based on commercial litigation. Self-development and learning activities (non-contact) are required to complete the assessment components and to gather material for the taught sessions.

Syllabus
1 

Indicative Content

  • Game theory and the law
  • Economics & Psychology in litigation procedures (cognitive bias)
  • Optimistic models of litigation
  • Strategic models of litigation
  • Economics of Mediation and Arbitration
  • Judicial systems and business conflicts
  • Case studies

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.
Explanation of Reading List: