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Law and Economics

General data

Course ID:	2200-1CWPC41-ERA
Erasmus code / ISCED:	10.0 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0421) Law The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Law and Economics
Name in Polish:	Law and Economics
Organizational unit:	Faculty of Law and Administration
Course groups:	Erasmus+
ECTS credit allocation (and other scores):	4.00 Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load.
Language:	English
Type of course:	optional courses
Mode:	Classroom
Short description:	Some of the questions which law and economics hopes to answer are: Is law really necessary? What are transaction costs and what's their relevance for legal regulations? What does a 'prisoner's dilemma' have to do with private civil law? Can people's attitudes toward risk be relevant for legal regulation? Most reading materials are in English.
Full description:	Economic analysis of law (law and economics) is one of the more recent schools of legal thought. Originating from the US, it is today one of the fastest developing and most challenging areas of the study of law around the world. Economic analysis of law aims to describe legal institutions using tools proper for economics. Law is viewed as a system of incentives aiming (among others) to promote efficient solutions. Law and economics is an interdisciplinary field of study, often turning to other social sciences. The purpose of the course is to provide an introduction into the basics of law and economics, as well as to provoke a discussion on legal topics with an interdisciplinary flavor, including the effects of regulation (not always foreseen by the regulator). The course is conducted in blocs dealing with particular issues. After an overall presentation of the field, the first few classes will deal with the basics of economics, including a rehearsal of English language nomenclature (for non-native speakers). Next, the following topics will be covered: economic analysis of property law, contract law and tort liability.
Bibliography:	1. Cooter R., Ulen T., Law and Economics, IVth edition, Boston : Pearson/Addison-Wesley, 2004. 2. Posner R., A., Economic analysis of law, VIth edition, Aspen Publishers, New York 2003. 3. Schaefer H-B, Ott C., The economic analysis of civil law, Cheltenham, Edward Elgar 2005. 4. Shavell S., Foundations of economic analysis of law, Belknap Press of Harvard University Press, Cambridge, 2004. 5. Wittman, D., A., [ed.], Economicy analysis of the law: selected readings, Blackwell Publishing, Malden, 2003. 6. Web pages of the European Association of Law and Economics (www.eale.org) and Polish Association of Law and Economics (www.pseap.org).

Classes in period "Winter semester 2023/24" (past)

Time span:	2023-10-01 - 2024-01-28	Selected timetable range: weekly course term Navigate to timetable MO TU W TH FR KON
Type of class:	Seminar, 30 hours more information
Coordinators:	Rafał Stroiński
Group instructors:	Rafał Stroiński
Students list:	(inaccessible to you)
Examination:	Grading

Classes in period "Winter semester 2024/25" (future)

Time span:	2024-10-01 - 2025-01-26	Selected timetable range: weekly course term Navigate to timetable MO TU W TH FR KON
Type of class:	Seminar, 30 hours more information
Coordinators:	Rafał Stroiński
Group instructors:	Rafał Stroiński
Students list:	(inaccessible to you)
Examination:	Grading

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