CCLE001 - Law and Economics I (for Lawyers) - 2018/19

This module is designed to show the intersection of law and economics. The course aims to develop an understanding of how economic concepts can be applied to legal rules. The module will explore the application of main economic principles. The module will start with an analysis of market and firm structure. Then the module will discuss market dynamics. The module will analyse public goods, market failures and their importance. Behavioural economics will also be analysed and its implications for policy making. Finally, the course will analyse the economics of the financial system and also issues such as adverse selection/moral hazard and agency theory. The learning outcomes of the course is the development of analytical skills to a level where students can evaluate critically law and economics research outputs and design and carry out themselves such research projects. The course provides an overview of standard models of the economic analysis of law.