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 Economics
Code ECON360
Coordinator Dr O Gorelkina
Economics
Olga.Gorelkina@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2024-25 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ECON221 MICROECONOMICS 1 2022-23; ECON222 MICROECONOMICS 2 2022-23; ECON227 MICROECONOMICS FOR BUSINESS ECONOMICS 2022-23 

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     10

     12

0

 22
Timetable (if known)              
Private Study 106
TOTAL HOURS 128

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Written Open Book End of Semester Synoptic Assessment Assessment Type: Written Unseen Examination Duration: 24 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Lat  24    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: written assignments Assessment Type: Coursework Weighting: 6% x 5 = 30% Reassessment Opportunity: Yes Penalty for Late Submission: See notes. Anonymous Assessment: Yes Asse  0    30       

Aims

This course does not require prior knowledge of the law, nor is its objective to teach students about the law. The main objective is to show students how they can apply the tools of economic analysis to understand the basic structure and function of the law. The course focuses on the core common law areas of torts, contracts, and property, along with a discussion of the litigation process, the economics of crime, and antitrust law.

Learning Outcomes

(LO1) Students will be able to understand the use of economics to analyse the law

(LO2) Students will be able to understand the importance of the law in economics

(LO3) Students will be able to understand the use of model in law and economics

(LO4) Students will be able to develop the ability to do a positive analysis of liability rules

(S1) Problem solving skills

(S2) Numeracy

(S3) Communication skills

(S4) Lifelong learning skills

Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery with social distancing on campus

Teaching Method: Asynchronous Online Learning Materials
Scheduled Directed Student Hours: 22
Attendance Recorded: No
Notes: 11 x 2 Hours

Teaching Method: tutorials
Scheduled Directed Student Hours: 10
Attendance Recorded: Yes
Notes: 10 x 1 hour (beginning in week 2, through to week 11)

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Self-Directed Learning hours: 106
Description: Self-directed learning is based on assigned readings from main and supplementary textbooks, key articles, tutorial preparation, effort on the coursework and continuous assessment.

Non-modular Requirements
ECON221 or ECON227 or ECON222

Skills/Other Attributes Mapping

Skills / attributes: Lifelong learning skills
How this is developed: Seminar
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Seminar
Mode of assessment (if applicable): Essay

Skills / attributes: Numeracy
How this is developed: Seminar and coursework
Mode of assessment (if applicable): Essay

Skills / attributes: Problem solving skills
How this is developed: Seminar
Mode of assessment (if applicable)

Skills / attributes: Ethical Awareness
How this is developed: Throughout the course and assessments
Mode of assessment (if applicable): Essay and Examination

Syllabus
 

Topic 0: Introduction to Law and Economics
Topic 1: An economic model of tort law
Topic 2: The economics of contract law
Topic 3: The economics of property law
Topic 4: Litigation
Topic 5: The economics of crime

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