COURSE UNIT TITLE

: LAW AND ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4421 LAW AND ECONOMICS ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

DOCTOR ŞULE GÜNDÜZ ÖZGÜR

Offered to

Economics

Course Objective

The course aims to introcude learners to gain an understanding of the law and economics underpinning the legal regulation of competition. The course also aims to utilize the standard tools of economic analysis for the study of law and legal institutions, with special focus on economics of competition.

Learning Outcomes of the Course Unit

1   Recognize the role of economic reasoning in the legal system
2   Understand the interaction between economics and law in the decision making process
3   Recognize the general economic rationale underlying the competition law
4   Appy general economic principles in the study law of competition and legal institutions

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction
2 Emergence of Law
3 Economics of Property Law
4 Economics of Contract Law
5 Economics of Tort Law
6 Collective Decision-Making and Public Choice Theory
7 Regulation Theory
8 Efficiency of the Common Law Hypothesis
9 Case Discussions
10 Case Discussions
11 Case Discussions
12 Case Discussions
13 Class discussion
14 Class discussion

Recomended or Required Reading

1. Robert Cooter-Thomas Ulen, Law and Economics, 5th ed. (Addison-Wesley, 2008)
2. Francesco Parisi and Vincy Fon, Economics of Lawmaking, (Oxford University Press, 2009)

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class discussions
3. Case studies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 PRS Presentation
3 FN Final
4 FCG FINAL COURSE GRADE MT * 0.35 + PRS * 0.30 + FN * 0.35
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.35 +PRS * 0.30 + RST * 0.35


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will understand the mutual interaction between legal system and economic system.
2. The learner will demonstrate ability to show the role of law in economic decision making.
3. The learner will have knowledge about law addressing to the problem of market failure.
4. The learner will demonstrate ability to apply general economic principles to the study of law of competition and legal institutions.
1. Presentations will be related to historical/ current economic events.
a) The student will choose a topic, or the instructor will assign the presentation topic to the student. Presentations will be assessed on 1) organization, 2) content, and 3) presentation. Criteria 1 and 2 are 50 percent of the total presentation grade, and criteria 3 is 50 percent of the total presentation grade.
(1) The students who present the topic in a logical sequence with all the required information and cite the references will get 100% (excellent). The students who present the topic in a logical sequence with all the required information but do not cite the references will get 80% (very good). The students who present the topic in a logical sequence with missing required information and do not cite the references will get 60% (good). The students who present the topic but do not have a logical sequence and do not cite the references will get 40% (fair). The students who present an irrelevant topic with no references will get 0% (poor).

(2) The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information with a conclusion summarizing the presentation will get 100% (excellent). The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information but do not summarize the presentation will get 80% (very good). The students who lay out the topic well and include accurate information but do not summarize the presentation will get 60% (good). The students who lay out the topic well but fail to provide accurate information and do not summarize the presentation will get 40% (fair). The students who fail to lay out the topic well, lack accurate information, and do not summarize the presentation will get 0% (poor).

(3) The students who manage their time well, have good language skills, can explain the subject clearly, and manage to respond to the questions will get 100% (excellent). The students who manage their time well, have enough language skills, explain the subject quite clearly, and manage to respond to the questions will get 80% (very good). The students who manage their time well, have enough language skills, and can explain the subject quite clearly but cannot respond to the questions will get 60% (good). The students who cannot manage their time well, have poor language skills, and can partially explain the subject but cannot respond to the questions will get 40% (fair). The students who cannot manage their time well, have poor language skills, cannot explain the subject, and cannot respond to the questions will get 0% (poor).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

sule.gunduz@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 2 28
Tutorials 14 1 14
Preparations before/after weekly lectures 0 0 0
Preparation for final exam 1 28 28
Preparing presentations 1 20 20
Preparation for midterm exam 1 20 20
Preparations before/after weekly lectures 14 1 14
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 128

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.15555
LO.2533
LO.3555
LO.4555