1) The central aim of this module is to develop basic student understanding regarding the economic analysis of law and to create students ability to think critically about law through the lens of economic concepts and models.
2) The broader aim of the module is to contribute to the development of working student knowledge with regard to the operation of the legal system surrounding business enterprises in general and its economic analysis.
3) A more general aim of the module is to develop student knowledge and legal skills which they can utilise in the future irrespective of whether they chose a career in practice, in academia or in other fields. In particular this truly interdisciplinary module will familiarise students with the concepts, terminology and methodology of a different discipline. This will contribute significantly to students'' communication skills and critical analysis skills. This will also enable students to communicate and work effectively with colleagues trained in another discipline and solve common problems together.

Students will develop awareness of basic economics concepts, such as efficiency, externalities, collective action problems, principal-agent problems, moral hazard, information asymmetries, ex post and ex ante, game theory and transaction costs

Students will develop an ability to think critically about law and legal system through lens of these economic concepts and models

Students will develop awareness of the key objectives and functions of economics as a discipline. More specifically at the end of the module, students should be aware that economics deals with all kinds of human behaviour, thus, it might be helpful in the explanation and solution of all kinds of legal problems, including those in public law subjects. This contrary to the common assumption, economics is not only about markets and commercial activities.

Students will develop an appreciation that using economic concepts in a simple way may contribute to the stregth of legal argumentation (Thus, students should be aware that the module does not only engage in a theoretical debate, but skills developed in this course will be highly relevant and useful in their professional life).

Students will develop a sensitivity to spot the aspects of economics involved in daily life situations and the strength of economic concepts in explaining those situations

1) Introduction: What is Law and Economics?
2) Methodology I (Positive and Normative Law & Economics)
3) Methodology II (concepts: efficiency, markets & market failures, externalities and methods to deal with them)
4) Methodology III (concepts: risk, moral hazard, rent-seeking)
5) Law and Economics of Property Law (General)
6) Law and Economics of Intellectual Property Law (Patents & Copyrights)
7) Law and Economics of Contract Law I (General)
8) Law and Economics of Contract Law II (application to a business relation and the breach of contracts)
9) Law and Economics of Liability Law (General)
10) Law and Economics of Producers'' Liability
11) Law and Economics Criminal & Tort Law: Torts V Crimes (General)
12) Corporate crimes

Seminar - Interactive seminars to which students will prepare for with self-study.

The course will be taught through 12 interactive seminars (total 24 hours) in which students will have a structured discussion of the seminar''s topic.