- Teacher: Rashid Bahar
- Teacher: Romain Giacobino
Law and economics is the application of the analytical methods of economics to law and legal issues and aspires to derive both descriptive and normative results. Conceptually, law and economics traces its roots to political philosophers such as Cesare Beccaria or Jeremy Bentham. However, it was truly developed and formalized over the last fifty years in North American law schools. Since then, it has been the object of increased attention in Europe. As such, it has become the dominant method of legal analysis in areas as diverse as competition law, corporate law and financial market regulation and has also influenced ongoing debates in areas as diverse as family law and criminal law.
This class introduces students to law and economics. After an overview of economic methodology and concepts, it revisits from an economic perspective the foundational areas of private law such as civil procedure, property, torts and contract law.