At the end of this course, the students; 1) Understand the relation between law and economics. 2) Learn the economic concepts with respect to law. 3) Evaluate economic events in relation with law. 4) Understand reflections of economic events in the field of law.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
Law and other economy in general, addressed the economic analysis of law and economic efficiency in terms of legal issues to be assessed is based on an approach.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Overview of the historical development of law and economics
2nd Week
Chicago School: price theory, event, compensation principle.
3rd Week
Chicago School: Maximum social welfare.
4th Week
Chicago School: Value as legal rules, effective legal rules format.
5th Week
Public Choice Theory: Direct and representative democracy, rant watch activity.
6th Week
Corporate Law and Economics: the historical development of institutional economics public administration and efficiency.
7th Week
The new corporate law and economics
8th Week
Midterm Exam
9th Week
Legal-economic analysis of the institutional framework-I
10th Week
Legal-economic analysis of the institutional framework-II
11th Week
Property rights, power of attorney relationship, transaction costs
12th Week
Analysis of institutional arrangements: Incentives and political relationship with the property
13th Week
Income distribution I
14th Week
Income distribution with relationship to law
RECOMENDED OR REQUIRED READING
Ulen, Thomas; Cooter, Robert: Law and Economics. Mercuro, Nicholas ve Steven G. Medema (1997) Economics and The Law. Princeton: Princeton University Press. Dau-Schmidt, Kenneth ve Thomas S.Ulen (1998) Law and Economics Anthology. Ohio: Anderson Publishing Co. Oğuz, Fuat (2002) Piyasa "Hukukun Ekonomik Analizi: Genel Bir Değerlendirme". 1(2), Bahar 2002. Oğuz, Fuat (2003) Piyasa"Bankacılık Regulasyonu ve Ekonomik Etkinlik". 2(5), Kış 2003.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Questions/Answers
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Total(%)
40
Contribution of In-term Studies to Overall Grade(%)
40
Contribution of Final Examination to Overall Grade(%)
60
Total(%)
100
LANGUAGE OF INSTRUCTION
English
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)