The Economics & Law course examines the legal behaviours and juridical
norms in the broadest context of socio-economic and political institutions
to assess through social cost benefit analysis of institutional and
It aims at preparing lawyers to better understand how legal and institutional contexts modify incentives and affect socio-economic behaviours, as well as to assess legislations and institutions (for example
within the context of international organization, such as the World Bank,
IMF, EBRD, etc.).
The effectiveness of standards, laws and regulations necessarily depend
on the socio-economic behaviour of citizens, influenced by the incentives
created by implemented policies (e.g. their enforcement). The course will
provide an in-depth analysis of public institutions, devoting special
attention to efficiency and equity issues. Ample space will also be given
to property law, contracts, corporate theory and other legal questions.
The course is not very technical in its nature and is designed to provide
all the needed background information for a full understanding of the
economic issues covered