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GNLU Certificate Course on Law and Economics

Department of Economics, Gujarat National Law University is conducting a Certificate Course on Law and Economics from 15th - 24th Feb, 2013.

Course Fee:
The fee for the course is Rupees 2500/- only. The fee can be either paid by cash at the accounts department, Gujarat National Law University, Gandhinagar, or by demand draft, in favour of Gujarat National Law University, payable at Ahmadabad. Participants will have to avail their own accommodation.

Seats: 50 Seats only

The last date for registration is 5th Feb, 2013.

Economic Analysis of Law:
Economic analysis of law applies the tools of microeconomic theory to the analysis of legal rules and institutions. Economic concepts are used to explain the effects of laws, analyze the legal rules, which are economically efficient, and to predict which legal rules will be promulgated. The workshop intends to bring a rare opportunity that will be highly beneficial for understanding the concept of law and economics through a series of lectures comprising of critical analysis, discussions, etc.

Course Outline:


Interaction in Law and Economics - Fundamental Concepts
Coase Theorem - Maximization - Market Equilibrium
Game Theory - Transaction Costs - Information Symmetry
Rent Seeking - Efficiency as Standard of Evaluation


Economic Theory of Property - Legal/Economic Concepts
Rights in Private/Public Goods - Natural Resources
Distribution - What may owners do with their Property


Economic Analysis of Contracts - Why people contract? Bargain Theory - Economic Theory - Default rules remedies as incentives - Liability Rules/Damages


Economic Theory of Tort Law - Negligence - Causality Rules
Risk Allocation - Liability Rules - Computation of Damages


Economic Theory of Crime and Punishment
Efficient Punishment - Does punishment deter crimes?


Economics of Procedural Laws - Suits/Trials/Evidence Information Exchange - Appeals - Enforcing Judgments


Economics of Intellectual Property/Competition Law Economic Equilibrium of Private Versus Public Interests


Economics of Corporate Structures - Capital Control Agency Problem -
Stakeholders, Directors/ Shareholders


Constitutional Law and Social Control Economics of Controlling Drugs, Gambling, Natural Resources


Case Study of Foreign and Indian Cases

Total duration of Course: 25 hours

Kundhavi Suresh
Student Convener
Phone: +91-7567273960

Mr. Hiteshkumar Thakkar
Assistant Professor of Economics
Gujarat National Law University,
Gandhinagar, Gujarat
Phone: +91-9428949921, +91-8128650873
Fax: +91-79-23287156

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