COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Economic Law
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
LAW 290
Fall/Spring
3
0
3
6
Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives The acquisition of knowledge on basic economic theories
Learning Outcomes The students who succeeded in this course;
  • Define the connection between law and economics
  • Evaluate connection between basic economic concepts and law
  • Interpret the connection between economic theories and law
  • Interpret public goods and property rights
  • Evaluate the sources of economical theories and connection between these theories and legal institutions
  • Interpret the new economical institutions and connection between these institutions with legal concepts
  • Interpret new economical matters with the framework of legal concepts
Course Content Basic economical and legal concepts will be ınterpretated, the theory of Coase will be evaluated, the new economical institutions and economical theories of Chicago school will be evaluated, the concepts of public goods and property rights will be evaluated

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 The basic concepts of economy Brousseau, É. and J.-M. Glachant (2008, editors): New Institutional Economics - A Guidebook, Cambridge University Press, Cambridge,Chapter 1 Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford, Chapter 1
2 The basic concepts of law Brousseau, É. and J.-M. Glachant (2008, editors): New Institutional Economics - A Guidebook, Cambridge University Press, Cambridge, Chapter 2 Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford, Chapter 2
3 The theory of Coase Brousseau, É. and J.-M. Glachant (2008, editors): New Institutional Economics - A Guidebook, Cambridge University Press, Cambridge, Chapter 3 Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford, Chapter 3 http://citec.repec.org/d/eee/jfinec/v_3_y_1976_i_4_p_305-360.html
4 New economic institutions 1 Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands, Chapter 3
5 New economic institutions 2 Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands, Chapter 4
6 New economic institutions 3 Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands, Chapter 5
7 The concept of efficiency 1 Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford, Chapter 6-7 Mercuro, N. and S.G. Medema (2006): Economics and the Law, From Posner to Post-Modernism and Beyond, second edition, Princeton University Press, Princeton and Oxford, Chapter 5-6
8 The concept of efficiency 2 Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford, Chapter 8 Mercuro, N. and S.G. Medema (2006): Economics and the Law, From Posner to Post-Modernism and Beyond, second edition, Princeton University Press, Princeton and Oxford, Chapter 7
9 Mid-term
10 Property rights Mercuro, N. and S.G. Medema (2006): Economics and the Law, From Posner to Post-Modernism and Beyond, second edition, Princeton University Press, Princeton and Oxford, Chapter 9
11 Public goods Mercuro, N. and S.G. Medema (2006): Economics and the Law, From Posner to Post-Modernism and Beyond, second edition, Princeton University Press, Princeton and Oxford,Chapter 11-12.
12 The public choice theory 1 Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands, Chapter 7
13 The public choice theory 2 Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands, Chapter 8.
14 Current economical discussions Notes given by the lecturer
15 Review of the semester Notes given by the lecturer
16 Final Exam
Course Textbooks Brousseau, É. and J.-M. Glachant (2008, editors): New Institutional Economics - A Guidebook, Cambridge University Press, Cambridge. Ippolito, R.A. (2005): Economics for Lawyers, Princeton University Press, Princeton and Oxford. Mercuro, N. and S.G. Medema (2006): Economics and the Law, From Posner to Post-Modernism and Beyond, second edition, Princeton University Press, Princeton and Oxford. Posner, R.A. (2007): Economic Analysis of Law, Seventh edition, Wolters Kluwer Law and Business, Austin - Boston - Chicago - New York - The Netherlands
References

 

EVALUATION SYSTEM

Semester Requirements Number Percentage
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Midterms / Oral Exams
1
40
Final / Oral Exam
1
50
Total

Contribution of Semester Work to Final Grade
1
55
Contribution of Final Work to Final Grade
1
45
Total

ECTS / WORKLOAD TABLE

Activities Number Duration (Hours) Workload
Course Hours
Including exam week: 16 x total hours
16
3
48
Laboratory / Application Hours
Including exam week: 16 x total hours
16
Study Hours Out of Class
15
1
Field Work
Quizzes / Studio Critiques
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Midterms / Oral Exams
1
15
Final / Oral Exam
1
20
    Total
98

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Qualifications / Outcomes
* Level of Contribution
1
2
3
4
5
1 To solve problems, to have analytical and holistic viewpoint and to develop strategic thinking as a principle in the field of law X
2 It is aimed to graduate students whom are able to critique what they have already learn in the field of law, adopting lifelong learning and continuously developing themselves X
3 It is aimed to graduate students whom are able to analyze and interpret their academic knowledge and express their solutions regarding legal problems both oral and written X
4 It is aimed to graduate students whom are able to understand the legal concepts and ideas in both national and multinational settings and practice cross disciplinary and comparative analysis X
5 To be aware of principles of social, occupational, and legal ethics X
6 To create solutions with creative and innovative motives when coming across with unexpected legal situations, and be able to apply the academic gain during new and unconventional occasions X
7 Acquiring leadership qualifications and applying them successfully X
8 Working efficiently and effectively, learning how to be a team member, taking responsibilities, being open minded, constructive, vulnerable to criticism and having self confidence X
9 To be able to reach the latest scientific resources, court decisions and other sources of law and be able to transfer the academic knowledge to real life with both national and international thinking X
10 To know and act according to the social, scientific and ethical values under any circumstances such as data collection, interpretation, announcing and practicing regarding legal, social and political progress X
11 To be able to use a foreign language as fluent as possible for both pursuing the legal information and court decisions and developing proper communication with colleagues from other countries, ("European Language Portfolio Global Scale", Level B1) X
12 Above average in both written and spoken of a second foreign language X
13 Able to use computer programs and technology to an adequate level required by the field of law ("European Computer Driving License", Advanced Level") X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest