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 2019-20 Level 6 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 16

 10

         26
Timetable (if known)              
Private Study 124
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty app  2 hours    60       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Essay Assessment Type: Coursework Size: 2000 words Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessm  -2000 words    20       
Assessment 3: Seminar Presentation Assessment Type: Practical Assessment Duration/Size: In class presentation Weighting: 20 Reassessment Opportunity: Yes Penalty for Late Submission: Stand  in class presentatio    20       

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 Method: Lecture
Scheduled Directed Student Hours:16
Attendance Recorded: Yes

Teaching Method 2 - Seminar
Scheduled Directed Student Hours:10
Attendance Recorded: Yes

Self-Directed Learning Hours: 124
Description: The independent learning includes preparation and reworking the material presented in class. Moreover, the course requires the student to read the main textbook as well as a few additional papers. In addition, the student should also expect to spend approximately 30 hours preparing a term seminar paper and associated slides for an in class presentation

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: Nu meracy
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 1: Introduction to Law and Economics
Topic 2: An economic model of tort law
Topic 3: The economics of contract law
Topic 4: The economics of property law

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