ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
LAW3222 | Law and Economics | Spring Fall |
3 | 0 | 3 | 8 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Prof. Dr. KADİR EMRE GÖKYAYLA |
Course Lecturer(s): |
Assoc. Prof. EMİN KÖKSAL |
Recommended Optional Program Components: | Optional Course Materials: videos, games, etc. |
Course Objectives: | The course aims to put the interaction between the legal system and the market system. It examines why law is necessary for markets to function and it uses economic principles to analyze laws. |
The students who have succeeded in this course; I. Defines the economic theory of property II. Defines the Coase theorem III. Defines the economic theory of tort law IV. Defines the social cost of accidents V. Identifies the optimum precaution VI. Defines an economic theory of crime and punishment VII. Identifies the optimum deterrence VIII. Defines antitrust law and regulated industries IX. Analyzes regulated industries X. Defines privatization and deregulation |
An economic theory of property,An economic theory of tort law, An economic theory of crime and punishment, An economic theory of contract, Antitrust law and regulated industries, Privatization & Deregulation |
Week | Subject | Related Preparation |
1) | An introduction to law and economics | |
2) | An economic theory of property | |
3) | Topics in the economics of property law | |
4) | An economic theory of tort law | |
5) | Topics in the economics of tort liability | |
6) | An economic theory of crime and punishment | |
7) | Review | |
8) | Topics in crime and punishment | |
9) | An economic theory of contract | |
10) | Topics in the economics of contract law | |
11) | Antitrust law and regulated industries | |
12) | Topics in antitrust law and regulated industries | |
13) | Privatization | |
14) | Privatization & Deregulation |
Course Notes / Textbooks: | Law & Economics, Robert Cooter and Thomas Ulen; Pearson Education |
References: |
Semester Requirements | Number of Activities | Level of Contribution |
Midterms | 1 | % 40 |
Final | 1 | % 60 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 40 | |
PERCENTAGE OF FINAL WORK | % 60 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 13 | 3 | 39 |
Study Hours Out of Class | 13 | 13 | 169 |
Midterms | 1 | 2 | 2 |
Final | 1 | 2 | 2 |
Total Workload | 212 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 3 |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 2 |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
4) | Analyze the interventions of politics to the economics and vice versa. | 3 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 2 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 2 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |