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DECO 25A01 - Law and Economics

Type d'enseignement : Seminar

Semester : Autumn 2018-2019

Number of hours : 24

Language of tuition : English


Introductory Microeconomics.

Course Description

The objective of this course is to introduce students to the economic approach to the analysis of law. This approach confronts challenges by seeking to identify how best to design legal rules in order to allocate resources optimally. During the course we will try to answer questions like: How do laws affect the individuals' behavior? How can we design optimal property and intellectual property rights ? How can we control criminal activity? Shoud we use fines or imprisonment to control criminal behaviour? What is the efficient amount of demages that BP should pay after the gulf oil spill ? Does legal system impact on economic growth ? During classes we will present both theory and evidence on the main topics covered during the course.


GALBIATI, Roberto (Chargé de recherches)

Course validation

There will be two class works. One at mid-term and one final. In both exams there will be exercises and open questions about the program covered during the course. There will be also take home exam after session the half of the course after session 9. The take home exam is due no later than the final session. All the three exams will count for 1/3 of the final mark.

Required reading

  • Cooter, Robert and Ulen Thomas. Law and Economics. Addison Wesley. 5th ed
  • David Friedman. Law's Order: An Economic Account, Princeton University Press, Spring 2000