ECO4561 Economic Analysis of LawBahçeşehir UniversityDegree Programs ECONOMICSGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO4561 Economic Analysis of Law Spring 3 0 3 6
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Hybrid
Course Coordinator : 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.

Learning Outcomes

The students who have succeeded in this course;
1. Defines the economic theory of property
2. Defines the Coase theorem
3. Defines the economic theory of tort law
4. Defines the social cost of accidents
5. Identifies the optimum precaution
6. Defines an economic theory of crime and punishment
7. Identifies the optimum deterrence
8. Defines antitrust law and regulated industries
9. Analyzes regulated industries
10. Defines privatization and deregulation

Course Content

Week1: An introduction to law and economics
Week 2: An economic theory of property
Week 3: Topics in the economics of property law
Week 4: An economic theory of tort law
Week 5: Topics in the economics of tort liability
Week 6: An economic theory of crime and punishment
Week 7: Visa exam
Week 8: Topics in crime and punishment
Week 9: An economic theory of contract
Week 10: Topics in the economics of contract law
Week 11: Antitrust law and regulated industries
Week 12: Topics in antitrust law and regulated industries
Week 13: Privatization
Week 14: Privatization & Deregulation
Week 15: A General Assessment on Law and Economics
Week 16: Final Exam

Weekly Detailed Course Contents

Week Subject Related Preparation
1) An introduction to law and economics
2) An economic theory of property
3) Topics in the economic theory of property
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 on 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

Sources

Course Notes / Textbooks: Law & Economics, Robert Cooter & Thomas Ulen; Pearson Education
References: The Economist
Businessweek
HBR

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Presentation 1 % 20
Midterms 1 % 30
Final 1 % 50
Total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 14 2 28
Quizzes 8 1 8
Midterms 1 15 15
Final 1 15 15
Total Workload 108

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) As a world citizen, she is aware of global economic, political, social and ecological developments and trends.  3
2) He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. 1
3) Absorbs basic economic principles and analysis methods and uses them to evaluate daily events.  3
4) Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders.  2
5) Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. 5
6) Comprehends new ways of doing business using digital technologies. and new market structures.  1
7) Takes critical approach to economic and social problems and develops analytical solutions. 3
8) Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. 1
9) In the works he/she contributes, observes individual and social welfare together and with an ethical perspective.   2
10) Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines.  5
11) Generates original and innovative ideas in the works she/he contributes as part of a team.  1