Studying Law at RomaTre

Academic Year 2019-2020

Spring Semester (March 1 - May 31, 2020)


Economic Analysis of Law

Prof. Giacomo Rojas Elgueta with Prof. Aggr. Francesco Mezzanotte

Course description:  
The purpose of the course is to analyse the legal phenomenon through the economic lens and, more specifically, through the notions of neoclassical economics. The predictive ability, typical of the economic reasoning, allows one to determine which incentives are placed on individuals by different laws and, consequently, which effects should be reasonably expected from the adoption of a certain rule. The “Law and Economics” method aims at selecting efficient rules capable of maximizing the social welfare. The course reckons the most recent developments of “Law and Economics” and in particular addresses the “Behavioral Law and Economics” method, which supplements the rational choice theory with the insights of cognitive psychology.

Course Learning Objectives
The course aims:
  • at introducing students to the foundations and the main topics of the Economic Analysis of Law, and to the ‘Law and Economics’ methodology
  • at providing students with the necessary tools to evaluate the efficiency of legal rules with regard to Property Law, Contracts, Torts, Corporate Law and Bankruptcy Law
  • at analysing cutting-edge research in law and economics
  • at explaining the link between law, psychology and human behaviour

Course Learning Activities
The course consists of lectures on the main subjects of ‘Law and Economics’, followed by outside speakers workshops and discussion sessions that are meant to support the lectures and encourage interactive student participation.

Assessment tools
Student evaluation will be based on class participation, oral presentations given by the students during the semester, and a final written exam.

Attendance policy
Class attendance is compulsory.

Course textbook
A.W. Dnes, Principles of Law and Economics, III ed., Edward Elgar, Cheltenham, 2018.

Course reading material
A selection of readings will be used as indicated during the semester to support student presentations.


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