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HSE University
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School of Legal Regulation of Business
Faculty of Law
School of Legal Regulation of Business
Contacts

3 Bolshoi Tryokhsvyatitelsky Pereulok, room 411
109028, Moscow

Phone: +7(495) 772-95-90,
ext. 22755

Administration
Natalia Yerpyleva
School Head – Natalia Yerpyleva
Aleksandra Kasatkina
Deputy School Head – Aleksandra Kasatkina

3 Bolshoi Tryokhsvyatitelsky Pereulok, room 411
Phone: +7(495) 772-95-90, ext. 22746

Anna Antonyan
About the School

HSE University’s School of Legal Regulation of Business was established in 2020. It provides instruction in academic areas covered by the Faculty of Law: private international law, corporate and business law. Currently, the school employs more than 50 highly qualified specialists in various fields of law, including private international law, Russian and international corporate law, and Russian business law.

We are focused on teaching legal disciplines at the University at the same level as the world's top universities, taking into account the specifics of students’ curriculum at various degree programmes. The school is actively engaged in the provision of several undergraduate and graduate programmes at the University.

Publications
Book
Recognition and Enforcement of Foreign Arbitral Awards in Russian and Former USSR States

Batalova M.

Wolters Kluwer, 2021.

Article
Bringing Sustainable Development to the Corporate Level: Boards’ Cognitive Biases towards ESG and Relevant Debiasing Interventions

Dmitrii Tekutev.

HSE University Journal of International Law. 2023. Vol. 1. No. 4. P. 54-74.

Book chapter
Digital financial assets and digital currency: legal nature and legal regulation of turnover

Bashilov B. I., Galkina M. V., Berman A.

In bk.: III International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2021). Vol. 106. SHS Web of Conferences, 2021. Ch. 02005. P. 1-6.

Working paper
THE SOCIAL HISTORY OF LAW AS A FACTOR OF THE RULE OF LAW

Fogelson Y. B., Poldnikov D.

Law. LAW. Высшая школа экономики, 2021. No. WP BRP 98/LAW/2021.

All publications

Economic Analysis of Law

2023/2024
Academic Year
ENG
Instruction in English
3
ECTS credits
Delivered by:
School of Legal Regulation of Business
Type:
Elective course
When:
3 year, 4 module

Instructor

Tekutev, Dmitry

Tekutev, Dmitry

Course Syllabus

Full Syllabus

Abstract

Academic course «Экономический анализ права» (Law & economics / Economic analysis of law) is devoted to the study of the main theoretical concepts and institutions of economic analysis of law, which emerged in the 1960s-1970s as a branch of scientific thought that uses economic tools to analyze existing law and investigates the impact of legal norms on the economic behavior of individuals. The aim of this course is to teach students the basics of economic analysis of law to the extent necessary to solve individual problems of legislation and law enforcement. As a result of the course, the student will learn to analyze the costs and benefits of legal regulation and to use economic tools to assess the effectiveness of individual institutions of law. In addition, the student can use the learnt economic and legal tools to solve complex practical issues arising at the intersection of the two sciences or to conduct interdisciplinary research. The discipline provides compulsory preparation for each seminar class (written and oral homework), group project, final written exam. There are no blocking elements of control. To successfully master the discipline, students must possess the following knowledge and competences: know the basics of economic theory; basic theoretical concepts, legislation and judicial and arbitration practice on key issues of law; have the abilities to work with scientific literature, analytical and statistical materials.
Learning Objectives

Learning Objectives

  • knowledge by students of the basic concepts, categories and tools of economic analysis of law to the extent necessary to solve individual problems of lawmaking and law enforcement
Expected Learning Outcomes

Expected Learning Outcomes

  • to know the main directions of economic analysis of law, the difference between positive and normative economic analysis of law; the difference between the categories of «economic grounds» and «non-economic grounds» of legal regulation; the essence of the concepts of «market failures», «externalities», «fairness», «paternalism»
  • to know the categories of «behavioral economics», «cognitive distortion», «nudge theory», «default rules»; the main strategies of optimal distribution of risks and obligations in a contract
  • to be able to analyze the costs and benefits of legal regulation; evaluate proposed legal regulation from the point of view of economic efficiency; distinguish between the means of protection of civil rights under the property rule and the means of protection of rights under the liability rule; analyze corporate relations from the point of view of agency and behavioral theory; apply game theory in the analysis of torts; conduct economic analysis of the main provisions of a contract
  • to have skills of applying the methods of analysis of legal norms from the position of behavioral economics and determination of options for their optimization; methods of application in practice of the main means of increasing the efficiency of corporate activity; methods of economic analysis of mergers and acquisitions; tools of assessment and compensation of damages in tort relations; main tools of effective contract termination
Course Contents

Course Contents

  • Topic No. 1. Introduction to the economic analysis of law
  • Topic No. 2. Main concepts of economic analysis of law
  • Topic No. 3. The concept and grounds of state regulation of the economy
  • Topic No. 4. Methods and forms of state regulation of the economy
  • Topic No. 5. Behavioral economics and law
  • Topic No. 6. Economic analysis of the property rights
  • Topic No. 7. Economic analysis of contract law
  • Topic No. 8. Economic analysis of tort law
  • Topic No. 9. Economic analysis of corporate law
  • Topic No. 10. Empirical legal studies
Assessment Elements

Assessment Elements

  • non-blocking Active participation in seminars
    The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)
  • non-blocking Group project
    The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)
  • non-blocking Written questioning (examination) (synchronous without proctoring)
    The discipline is implemented in a hybrid format (for all campuses with the ability to connect online)
Interim Assessment

Interim Assessment

  • 2023/2024 4th module
    0.2 * Active participation in seminars + 0.2 * Group project + 0.6 * Written questioning (examination) (synchronous without proctoring)
Bibliography

Bibliography

Recommended Core Bibliography

  • Карапетов, А. Г. Экономический анализ права / А. Г. Карапетов. — Москва : СТАТУТ, 2016. — 528 с. — ISBN 978-5-8354-1238-9. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/92530 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.
  • Одинцова, М. И.  Институциональная экономика : учебник для вузов / М. И. Одинцова. — 4-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2023. — 459 с. — (Высшее образование). — ISBN 978-5-9916-6666-4. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/510856 (дата обращения: 28.08.2023).
  • Одинцова, М. И.  Экономика права : учебное пособие для вузов / М. И. Одинцова. — 2-е изд., перераб. и доп. — Москва : Издательство Юрайт, 2023. — 345 с. — (Высшее образование). — ISBN 978-5-534-00351-2. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/511204 (дата обращения: 28.08.2023).

Recommended Additional Bibliography

  • Корнейчук, Б. В.  Институциональная экономика : учебник для вузов / Б. В. Корнейчук. — 2-е изд., испр. и доп. — Москва : Издательство Юрайт, 2023. — 241 с. — (Высшее образование). — ISBN 978-5-534-07772-8. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/512148 (дата обращения: 28.08.2023).
  • Сухарев, О. С.  Институциональная экономика : учебник и практикум для вузов / О. С. Сухарев. — 3-е изд., испр. и доп. — Москва : Издательство Юрайт, 2023. — 463 с. — (Высшее образование). — ISBN 978-5-534-06461-2. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/511252 (дата обращения: 28.08.2023).
  • Шмаков, А. В.  Экономическая теория права : учебник и практикум для вузов / А. В. Шмаков, Н. С. Епифанова. — 3-е изд. — Москва : Издательство Юрайт, 2023. — 446 с. — (Высшее образование). — ISBN 978-5-534-14118-4. — Текст : электронный // Образовательная платформа Юрайт [сайт]. — URL: https://urait.ru/bcode/516344 (дата обращения: 28.08.2023).