ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title LAW AND MANAGEMENT
Code BLEL704
Coordinator Ms A Stewart
Strategy, IB and Entrepreneurship
Abigail.Stewart@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

           24
Timetable (if known)              
Private Study 126
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Report 1 There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Midterm Semester 1  1250 words    50       
Report 2 There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :End of Semester 1  1250 words    50       

Aims

This module introduces students to the key concepts of "Law and Management". It provides students with the skills and knowledge to recognise and contribute to a better understanding of the impact of the law on the strategies of the firms.

Learning Outcomes

(LO1) Students will be able to understand the relationship between law and management (transaction costs, incomplete contracts)

(LO2) Students will be able to identify key dimensions of the impact of legal environment on the performance of the firms

(LO3) Students will be able to understand the application of law to strategic management

(LO4) Students will be able to determine how legal systems determine the financing options for the firms

(S1) Communication skills

(S2) Problem solving skills

(S3) Group working skills

(S4) Critical analysis

Teaching and Learning Strategies

Teaching Method 1 - Lectures
Description: Lectures
Attendance Recorded: Yes
Notes:
A feature of the module is the emphasis on applying theories and concepts to real life problems and situations. For this purpose, we will use a series of case studies from Harvard Business School and other sources in order to facilitate group discussions on the managerial implications and issues relating to the legal organization of firms. The contact days constituting the module will involve a mix of lectures, case studies and group / individual exercises. Self-development and learning activities (non-contact) are required to complete the assessment components and to gather material for the taught sessions.

Self-Directed Learning Description: Self-development and learning activities (non-contact) are required to complete the assessment components and to gather material for the taught sessions.

Library resources will be accessible through the module reading list and other key learning resources will be accessible through VITAL. Students will be given directed reading to support the teaching sessions as well as being expected to read more widely from the recommended literature.

Syllabus
 

Indicative Content The nature of the firm as a nexus of contracts and the notion of transaction costs Applications of the above to strategic management: Determining the "boundaries of the firm" (vertical integration, the horizontal boundaries of the firm; diversification) (Incomplete) contracts within firms: Agency relationships, the notion of employment contracts and the implications for the management of human resources (Incomplete) contracts between firms and their implications for the management of alliances, joint ventures, etc Legal institutions around the world and their importance for market entry decisions. The problem of corruption and how to deal with it The ownerships of firms: The notion of ownerships, the rights and responsibilities of owners in different legal systems; the nature of the corporation; implications for corporate governance The choice of organizational form: Legal, economic and managerial perspectives (e.g., as applied in the specific case of p rofessional service firms) Law and finance - how legal systems determine the financing options for firms

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.