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 ECONOMICS OF BUSINESS LITIGATION
Code BLEL707
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second 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
Written report 1 There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Midterm semester 2  1500 words    50       
Written 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 2  1500 words    50       

Aims

This module introduces students to the key concepts of "Game theory" and "Economics & Psychology". It provides students with the skills and knowledge to recognise and contribute to an economic perspective on conflicts resolution.

Learning Outcomes

(LO1) Students will apply game theory to conflict resolutions mechanisms;

(LO2) Students will identify the (limited) rationality of litigants;

(LO3) Students will compare court systems with alternative dispute resolution mechanisms;

(LO4) Students will evaluate the efficiency of legal systems to solve conflicts;

(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 game theory and behavioural economics to real life problems and situations. Action learning sets are used as a method to enable group discussions to consider the implications and issues of legal institutions. There will be contact days involving a mix of lectures, action learning sets, activities, group discussions and case studies based on commercial litigation. 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

Game theory and the law;
Economics & Psychology in litigation procedures (cognitive bias) Optimistic models of litigation;
Strategic models of litigation;
Economics of Mediation and Arbitration;
Judicial systems and business conflicts;
Case studies.

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