De elektronische studiegids voor het academiejaar 2026 - 2027 is onder voorbehoud.





Law and Economics (2161)

Coordinating lecturer:Prof. dr. Kristel DE SMEDT 


Credits: 6,0
Study load hours: 162
Period: semester 1 (6sp)

Language of instruction: English

2nd Chance Exam1: Yes
Final grade2: Numerical
Tolerance3: See included in these programmes

Sequentiality
Advising sequentiality bound on the level of programme components
 
 
  Following programme components are advised to also be included in your study programme up till now.
    Economics (3844) 5.0 stptn  
 


Prerequisites

No thorough prior acquaintance with economics or calculus is required. However, a prior introductory course in economics may be helpful (as for example offered in the course 'Economie').



Content

This course introduces students into the economic analysis of law, commonly known as law and economics (L&E). In applying microeconomics to legal rules, L&E attempts to determine efficient law or to point out the trade-off between efficiency and social values such as fairness, non-discrimination and (income) distribution. This course will teach you to assess which legal instrument is best designed to deal efficiently with a social problem and how different allocations of legal rights affect social welfare and economic efficiency. For example, protective laws (eg. consumer laws) that are made with the best intentions (justice, equity, fairness), can make the protected worse off. L&E lays bare the inefficiency of some rules as well as the efficient rationale of others. L&E is a method that can be applied to many fields of law. Therefore, we have opted for an overview of L&E in different legal fields. The topics will include for example torts, property, contracts, crime and corporate law.



Compulsory course material
 

Course book, including links to reading material online, and texts on blackboard



Additional compulsory texts to be announced



Possibly additional material

 

Recommended course material
 

Links to reading material (mostly online) will be included in the course book.



Organisational and teaching methods
Organisational methods  
Lecture  
Tutorial group  


Evaluation

Semester 1 (6,00sp)

Evaluation method
Written exam100 %
Closed-book
Open questions
Additional information In consultation with the Education Management Team and the Student Administration, the lecturer determines the schedule and the examination format for a possible catch-up exam. The examination format may deviate from the examination format used during the regular examination period. The schedule and examination format will be communicated to the student after the request for a catch-up exam has been approved.

Second examination period

Evaluation second examination opportunity different from first examination opprt
No
Explanation (English)In principle, the resit exam will have the same format as the regular
exam. However, dependent on the number of participants, the evaluation
form may change to an oral exam. This will be communicated to the
students as soon as the number of participants is known.


Learning outcomes
  EC = learning outcomes      DC = partial outcomes      BC = evaluation criteria  
Master of Laws
  •  EC 
  • EC02 - A graduate of the Master of Laws programme has specialised academic knowledge of and insight into the doctrines and systematics of those branches of law relevant to the elective subjects in the master’s programme, including from a European and comparative law perspective. They are able to apply that knowledge and those insights, including from a European and comparative law perspective. (academic, specifically legal, skills and knowledge)

     
  •  DC 
  • The student is able to incorporate insights gained in previous courses such as economics (economic analysis), and various fields of law (tort, crime, contracts) in order to assess the effects, consequences and efficiency of specific legal rules.
  •  EC 
  • EC03 - A graduate of the Master of Laws programme has insight into the recent societal developments and the academic research in the sector. (academic, specifically legal, skills and knowledge)

     
  •  DC 
  • Law and Economics is gaining rapid importance in academics but also in government decision making. Law and Economics moreover is also applied to various fields of law and current developments. The student is therefore able to analyse recent societal developments from a Law and Economics perspective.
  •  EC 
  • EC08 - A graduate of the Master of Laws programme is able to independently conduct research at an academic level (with a junior academic researcher as benchmark), to critically reflect upon the research and to report on it. (general academic research competences)

     
  •  DC 
  • The student conducts research and prepares the learning questions independently and prior to the contact moment.
  •  EC 
  • EC09 - A graduate of the Master of Laws programme is able to detect the different elements and the relevant legal rules in a complex problem and subsequently to select one or more adequate solution strategies, to support the selected solution strategy(s), and to apply the chosen solution strategy(s). (general competence)

     
  •  DC 
  • The student understands the dilemma's and choices a government faces in terms of legal choices to increase society's welfare and is able to use law and economics methodology (efficiency criteria for example) to arrive at a solution to this complex problem.
  •  EC 
  • EC10 - A graduate of the Master of Laws programme is able to identify the various stakeholders and their specific interests in a complex problem and to integrate those in their own reasoning and approach. (general competency)

  •  EC 
  • EC11 - A graduate of the Master of Laws programme is able to adequately communicate and present their own ideas, positions and solutions in various contexts, both orally or in writing, using the Dutch, English and French (legal) language. (general competency)

     
  •  DC 
  • The student knows how to present her views in English both orally and in writing.
  •  EC 
  • EC13 - A graduate of the Master of Laws programme recognizes ethical and societal aspects within a legal context, can critically reflect upon them and can guide their own judgement based on these ethical considerations, taking into account their responsibilities as a lawyer. (general competency)

  •  EC 
  • EC15 - A graduate of the Master of Laws programme demonstrates a critical attitude, and is able to gain overview of a variety of legal positions, to assess them critically and to arrive at one's own, substantiated legal opinion. (general competency)

     
  •  DC 
  • The student learns to evaluate critically different legal options and possible consequences from a Law and Economics perspective and to derive a his own (balanced) conclusion.
  •  EC 
  • EC17 - A graduate of the Master of Laws programme is able to plan, to evaluate, and where necessary, to adjust their own approach and learning processes in an independent manner. (general competency)

     
  •  DC 
  • The student shows and ability to plan, conduct, process and present self-employed research.
 

Included in these programmesTolerance3
Y
2nd year Master of Laws: Government and Law Y
choice master for private (UH) Y
Exchange Programme Laws Y
Second year Master of Laws: Laws - corporate Y



1   Education, Examination and Legal Position Regulations art.12.2, section 2.
2   Education, Examination and Legal Position Regulations art.15.1, section 3.
3   Education, Examination and Legal Position Regulations art.16.9, section 2.