Postgraduate course

Economic Analysis of Law

ECTS Credits

10 ECTS Credits

Level of Study



Full time

Teaching semester

Autumn (Exam each semester).

Place of Instruction

Bergen Law Faculty

Objectives and Content

Economic analysis of law is the most advanced methodological tool for legal policy making and structural analysis of existing and future legal institutions, and contract planning. Legal rules, codified or judge-made, and contracts are scrutinized under aspects of allocational efficiency including transaction costs, the problems of externality and risk, distributional consequences and incentive compatibility.

The course starts with an outline of the general concepts of standard micro-economic analysis and its extensions by the new institutional and behavioral economics - in their application to legal rules, private arrangements, and market organization.

In 2017, we will look at three major applications:

  1. tort law, especially the law of automobile accidents,
  2. basic contract law doctrines,
  3. corporation law, including theories of the firm.

Required Previous Knowledge

Three years of law and/or economic studies.

Credit Reduction due to Course Overlap

Combined with JUS270-2-A, this course will give no new ECTS credits.

Access to the Course

The course is available for the following students:

  • Admitted to the integrated master programme in law
  • Admitted to the two-year master programme in law
  • Granted admission to elective courses at the Faculty of Law
  • Granted additional right to study following completed master degree in law at UiB
  • Exchange students at the Faculty of Law

The pre-requirements may still limit certain students' access to the course

Teaching Methods and Extent of Organized Teaching

Lectures with slides, study of materials.

Compulsory Assignments and Attendance


Forms of Assessment

Exam each semester.

Three hours digital school exam. Information about digital examination can be found here: http://www.uib.no/en/education/87471/digital-examination.

A - E for passed, F for failed.

Exam language:

  • Question paper: English
  • Answer paper: English

Examination Support Material

Support materials allowed during the exam: See section 3-5 of the Supplementary Regulations for Studies at the Faculty of Law at the University of Bergen.

Special regulations about dictionaries:

  • According to the Regulations for Studies, one dictionary is permitted support material during the examination. Bilingual dictionaries containing for example both Norwegian-English and English-Norwegian are considered as one dictionary.
  • Bilingual dictionaries to/from the same two languages - for example Norwegian-English/English-Norwegian - in two different volumes are also considered as one dictionary (irrespective of publisher or edition).
  • Dictionaries as described above cannot be combined with any other types of dictionaries.
  • Any kind of combination which makes up more than two physical volumes is forbidden.
  • In case a student has a special need for any other combination than the above mentioned, such combination has to be clarified with/approved by the course coordinator minimum two weeks before the exam. Students who have not been granted permission to have a special combination minimum two weeks before the exam will be subject to the usual regulations (Section 3-5) about examination support materials.

Grading Scale

A - E for passed, F for failed.

Subject Overlap

100 % overlapping with JUS340. No academic overlapping with present courses at the Law Faculty in Bergen.

Course Evaluation

According to administrative arrangements for evaluating courses at the Law Faculty

Course Coordinator

Guest Professor Erich Schanze.


Contact Information

Course teachers: Guest Professor Erich Schanze

Administrative contact: elective-courses@jurfa.uib.no

Exam information

  • For written exams, please note that the start time may change from 09:00 to 15:00 or vice versa until 14 days prior to the exam. The exam location will be published 14 days prior to the exam.

  • Type of assessment: Written examination

    30.05.2018, 09:00
    3 hours
    Withdrawal deadline
    Examination system
    Digital exam