| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 437 | ||||
| Course Title in English | Law and Economics | ||||
| Course Title in Turkish | Hukuk ve Ekonomi | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Advanced | ||||
| Semester | Fall | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 133 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 201 - Microeconomic Theory I |
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| Co-requisites | None | ||||
| Expected Prior Knowledge | Microeconomic Theory | ||||
| Registration Restrictions | Only undergraduate students | ||||
| Overall Educational Objective | The learners will study the economic theory of property, contract, torts, legal processes and crime. | ||||
| Course Description | This is a one-semester undergraduate course, designed to introduce students to the fundamentals of law and economics, focusing on the economics of property, torts, contracts, criminal law and legal procedure. The course assumes familiarity with principles of microeconomics but no background knowledge of law. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Gain familiarity with the application of economic principles to analyze a range of legal issues 2) Understand the economic consequences of laws and regulations |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 |
|---|---|---|
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | ||
| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | ||
| 3) Displays a sound comprehension of microeconomic and macroeconomic theory. | ||
| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. | ||
| 5) Uses quantitative techniques to analyze different economic systems. | ||
| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | ||
| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | ||
| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | ||
| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | ||
| 10) Exhibits individual and professional ethical behavior and social responsibility. | ||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | H | Exam |
| 2) | Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | N | |
| 3) | Displays a sound comprehension of microeconomic and macroeconomic theory. | N | |
| 4) | Applies economic concepts to solve complex problems and enhance decision-making capability. | H | Exam |
| 5) | Uses quantitative techniques to analyze different economic systems. | H | Exam |
| 6) | Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | N | |
| 7) | Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | N | |
| 8) | Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | N | |
| 9) | Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | S | HW |
| 10) | Exhibits individual and professional ethical behavior and social responsibility. | N | |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S | HW |
| Prepared by and Date | FIRAT BİLGEL , November 2023 |
| Course Coordinator | MUHAMMED ABDULLAH ALTUNDAL |
| Semester | Fall |
| Name of Instructor | Prof. Dr. FIRAT BİLGEL |
| Week | Subject |
| 1) | An Introduction to Law and Economics |
| 2) | A Brief Review of Microeconomic Theory |
| 3) | An Economic Theory of Property |
| 4) | An Economic Theory of Property |
| 5) | An Economic Theory of Contract Law |
| 6) | An Economic Theory of Contract Law |
| 7) | An Economic Theory of Tort Law |
| 8) | An Economic Theory of Tort Law |
| 9) | An Economic Theory of the Legal Process |
| 10) | An Economic Theory of the Legal Process |
| 11) | An Economic Theory of Crime and Punishment |
| 12) | An Economic Theory of Crime and Punishment |
| 13) | Topics in the Economics of Crime and Punishment |
| 14) | Topics in the Economics of Crime and Punishment |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Cooter, R., Ulen, T. “Law and Economics”, 6th International Edition. Pearson, 2014 Recommended reading: Shavell, S. “Foundations of Economic Analysis of Law. Harvard University Press, 2004 | |||||||||||||||
| Teaching Methods | Lectures (flipped learning) | |||||||||||||||
| Homework and Projects | Preclass works and quizzes | |||||||||||||||
| Laboratory Work | N/A | |||||||||||||||
| Computer Use | N/A | |||||||||||||||
| Other Activities | None | |||||||||||||||
| Assessment Methods |
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| Course Administration |
bilgelf@mef.edu.tr Academic Dishonesty and Plagiarism: YOK Regulation |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 4 | 3 | 1 | 112 | ||
| Quiz(zes) | 5 | 1 | 1 | 10 | |||
| Midterm(s) | 1 | 2 | 1 | 3 | |||
| Final Examination | 1 | 6 | 2 | 8 | |||
| Total Workload | 133 | ||||||
| Total Workload/25 | 5.3 | ||||||
| ECTS | 5 | ||||||