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Law & Economics



This course focuses on the economic analysis of regulation and constitutional features. In the first part, the course illustrates the goals of regulatory intervention from a welfare economics perspective, and it discusses the basic tension between public and private interest in regulatory choices. In the second part, the course offers a comparative analysis of basic constitutional features (electoral systems, forms of governments, structure of legislature) and their economic effects. It also discusses a recent phenomenon of delegation of policy-making power to international organizations and independent bodies.

Course objectives

Participants will learn how to apply economic reasoning in analyzing regulations and institutions at various level of governance, local, national and international. They will get acquainted with the basic economic analytical toolkit, such as the rational choice framework, cost-benefit analysis and prospect theory.


On the Public Administration front page of the E-guide you will find links to the website and timetables, uSis and Blackboard.

Mode of instruction

This course is a mix of lectures and in-class discussions.

Course Load

5 EC.

Assessment method

Final grades are calculated based on three components:

  • In-class presentation (20%),

  • Short essay I (20%),

  • Short essay II (20%),

  • Research paper (40%).


Lecture slides, instructions to the assignments, additional information and materials will be available via Blackboard.

Reading list

  • Denis Mueller, Public Choice III. 3rd edition. Cambridge University Press, 2003.

  • Anthony Ogus, Regulation Legal Form and Economic Theory, Oxford, Hart Publishing 2004

  • Johan A. den Hertog, “Economic Theories of Regulation,” in Roger van den Bergh and Alessio Pacces (Eds.), Regulation and Economics, Vol. 9, * Encyclopedia of Law and Economics, 2nd ed., 2012, 25 – 95.

  • Acedemic articles announced before the lectures.


Use both uSis and Blackboard to register for every course.
Register for every course and workgroup via uSis. Some courses and workgroups have a limited number of participants, so register on time (before the course starts). In uSis you can access your personal schedule and view your results. Registration in uSis is possible from four weeks before the start of the course.
Also register for every course in Blackboard. Important information about the course is posted here.


Dr. Kantorowicz