Course Information
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorAspasia Tsaoussi
Course ID100001562

Programme of Study: UPS School of Law (2015-today)

Registered students: 128
OrientationAttendance TypeSemesterYearECTS
Unified OrientationGeneral Education114

Class Information
Academic Year2018 – 2019
Class PeriodWinter
Faculty Instructors
Weekly Hours2
Class ID
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Face to face
Digital Course Content
Language of Instruction
  • Greek (Instruction, Examination)
  • English (Instruction, Examination)
Learning Outcomes
After the successful completion of this course, the students will be able to: - evaluate the legal rules as to whether or not they meet (and to what degree) their designated social-economic goals - develop their rationality and their critical thinking, through their contact with a sister science, Economics - better predict the influence exerted by legal rules on the social environment, namely, on the behavior of individuals, groups and organizations, and vice-versa - better understand the relationship between economic efficiency and social justice, therefore to be able to better grasp the goals of state legislative policy (why the state intervenes to regulate the market or why it yields to pressures from organized interest groups) - acquire sharp thinking, realism and sensitivity towards global socio-economic problems (structural poverty, discrimination against minorities, etc) - be better prepared (as jurists, lawyers or judges) to develop their professional action within the field of social relations, which means to cover with their action the distance which often separates the deontological dimension of legal rules with the ontological dimension of social reality
General Competences
  • Apply knowledge in practice
  • Make decisions
  • Work autonomously
  • Work in an international context
  • Work in an interdisciplinary team
  • Demonstrate social, professional and ethical commitment and sensitivity to gender issues
  • Be critical and self-critical
  • Advance free, creative and causative thinking
Course Content (Syllabus)
Economic Analysis of Law is one of the rapidly expanding fields of applied micro-economics. It utilizes the well-established tools of micro-economics (scarcity, choice, incentives, demand and supply) to understand and to explain legal and political rules, contracts between individuals and firms, social norms, the role of public services, and other institutions. The economic approach to Law serves a dual function: it proposes the enactment of new legal rules, and it evaluates the implementation of existing legal rules in terms of their efficiency. Thus, the research field of “Economic Analysis of Law and Institutions” identifies very closely with that of “Law and Economics”. This course examines the connecting bridges between Legal and Economic Science: rational, purposive action, their common goal (the regulation of social relationships), their normative aspect, etc. It then analyzes: (a) the relationship between legal rules and policies aiming at economic efficiency, and (b) The connection of fundamental concepts of economics with legal and political rules, by means of case studies (e.g. regarding legislation and incentives, the dysfunctions arising from the action of organized pressure groups and the increasing bureaucracy, economic inequalities within the contemporary welfare state, social policies as a result of the trade-off between social equality and economic efficiency, and so on). In the last half of the course, economic analysis is applied to particular branches of Law: property law (with an emphasis on the Coase Theorem), contract law, torts, environmental law, criminal law (examined primarily through the lens of Gary Becker’s theory of the rational criminal), and finally, family law. It should be noted that prior knowledge of economics is not required in order to attend this course.
Law and Economics, scarcity, choice, incentives, demand, supply, rationality (Weber), efficiency, social justice, property rights (Coase theorem), the economic approach to Contract Law, the economics of Family Law and gender, economic analysis of torts, Becker's theory of the rational criminal (and its applications to Criminal Law), Constitutional Law and Economics
Educational Material Types
  • Notes
  • Interactive excersises
  • Book
Course Organization
Student Assessment
Student Assessment methods
  • Written Exam with Extended Answer Questions (Formative, Summative)
  • Oral Exams (Formative, Summative)
  • Written Exam with Problem Solving (Formative, Summative)
  • Report (Formative, Summative)
Course Bibliography (Eudoxus)
Ασπασία Ι. Τσαούση, Δίκαιο και Συνεργατικότητα: Μια Νέα Προσέγγιση στην Κοινωνιολογία του Δικαίου (Αθήνα: Εκδόσεις Παπαζήση 2013) [Κωδικός Βιβλίου στον ΕΥΔΟΞΟ: 33114225]
Additional bibliography for study
ΕΛΛΗΝΟΓΛΩΣΣΗ: * Π. Γέμτος, Οικονομία και Δίκαιο, Τόμος Β!: Οικονομική Ανάλυση Βασικών Θεσμών του Ιδιωτικού Δικαίου (Αθήνα-Κομοτηνή: Εκδ. Αντ. Σάκκουλα 2001) * Νίκος Γεωργακόπουλος, Η Οικονομική Ανάλυση του Πτωχευτικού Δικαίου (Εισαγωγή στην Οικονομική Ανάλυση του Δικαίου) (Αθήνα-Κομοτηνή: Εκδόσεις Αντ. Ν. Σάκκουλα 2001) * Ν. Ιντζεσίλογλου, Κοινωνία και Νέα Τεχνολογία. Κοινωνιολογία και Κοινωνικοί Προβληματισμοί, 2η εκδ. (Θεσσαλονίκη: Εκδ. Σάκκουλα 2012) * Αντώνης Γ. Καραμπατζός, Ιδιωτική Αυτονομία και Προστασία του Καταναλωτή - Μια Συμβολή στη Συμπεριφορική Οικονομική Ανάλυση (Π.Ν. Σάκκουλας 2016) * Ασπασία Τσαούση-Χατζή, “Δίκαιο και Περιβάλλον: Μια Οικονομική Προσέγγιση”, Περιβάλλον και Δίκαιο 9: 408-423 (2005) * Ασπασία Τσαούση, “H Ανταλλαγή Αρχείων σε Δίκτυα Ομότιμων Κόμβων υπό το Πρίσμα της Οικονομικής Ανάλυσης του Δικαίου”, Επισκόπηση Εμπορικού Δικαίου, Έτος 18, Τεύχος Γ’ (Ιούλ-Αύγ-Σεπτ), σελ. 557-580 (2012) * Ασπασία Τσαούση, “Δίκαιο και Τέχνη: Μια Κοινωνιολογική και Οικονομική Ανάλυση”, στον τιμητικό τόμο Νικολάου Κ. Κλαμαρή (Festschrift für Nikolaos K. Klamaris), επιμ. Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών- Νομική Σχολή (Αθήνα-Θεσσαλονίκη: Εκδόσεις Σάκκουλα 2016), σελ. 1199-1224. ΞΕΝΟΓΛΩΣΣΗ: * David W. Barnes and Lynn A. Stout, Cases and Materials on Law and Economics (American Casebook Series) (New York: West Publishing, 2001) * Robert Cooter & Thomas Ulen, Law and Economics (Upper Saddle River, NJ: Prentice Hall, 6th ed. 2011) * Boudewijn Bouckaert & Gerrit De Geest (eds.), Encyclopedia of Law & Economics (Cheltenham, UK: Edward Elgar, 5 vols. 2000) * Kenneth J. Dau-Schmidt and Thomas Ulen (eds.), Law and Economics Anthology (Anderson Publishing Co., 1997) * Nicholas L. Georgakopoulos, Principles and Methods of Law and Economics: Enhancing Normative Analysis (Cambridge University Press, 2005) * Barbara Ehrenreich and Arlie Russell Hochschild, Global Woman: Nannies, Maids, and Sex Workers in the New Economy (Holt Paperbacks 2004) * Jeffrey L. Harrison and Jules Theeuwes, Law and Economics (New York, NY: W.W. Norton & Company 2008) * Aristides N. Hatzis, ed., Economic Analysis of Law: A European Perspective (Cheltenham, UK: Edward Elgar 2012) * Aristides N. Hatzis, ed., Norms and Values in Law and Economics (The Economics of Legal Relationships) (London: Routledge 2012) * Mancur Olson, The Logic of Collective Action: Public Goods and the Theory of Groups (Harvard Economic Studies) (Harvard University Press 1971) * Richard A. Posner, Economic Analysis of Law (Austin, TX: Wolters Kluwer Law & Business/Aspen Publishers, 8th ed. 2010) * Richard A. Posner, Law, Economics, and Democracy: Three Lectures in Greece (Athens-Komotini: Ant. N. Sakkoulas Publishers 2002) * Hans-Bernd Schäfer and Claus Ott, The Economic Analysis of Civil Law (Cheltenham, UK: Edward Elgar 2004) * Steven Shavell, Foundations of Economic Analysis of Law (Cambridge, MA: Harvard University Press 2004) * Cass R. Sunstein, Behavioral Law and Economics (Cambridge University Press 2000) * Richard A. Thaler & Cass R. Sunstein, Nudge: Improving Decisions about Health, Wealth, and Happiness (Penguin Books 2009) * Aspasia Tsaoussis, “Protecting Homemakers’ Marriage-Specific Invest-ments under No-Fault Divorce: A Model for Restructuring Alimony in Civil-Law Countries”, American Law & Economics Review 6: 217-247 (2004) * Aspasia Tsaoussis, “Bounded Rationality”, Encyclopedia of Law and Economics, edited by Prof. Jürgen Backhaus (Springer 2014) * Aspasia Tsaoussis and Eleni Zervogianni, “Judges as Satisficers: A Law and Economics Perspective on Judicial Liability”, European Journal of Law and Economics 29: 333-357 (2010) * Aspasia Tsaoussis-Hatzis, The Greek Divorce Law Reform of 1983 and Its Impact on Homemakers: A Social and Economic Analysis (Athens-Komotini: Ant. N. Sakkoulas Publishers 2003) (foreword by Richard Posner)
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