5IE471 – Introduction to Economic Analysis of Contract and Corporate Law

The course examines several prominent theories of economic analysis of contract and corporate law. The course is introductory and provides a broad overview of the field and its application to a number of commercial and corporate law related issues. Topics will include behavioral game theory, the Coase theorem, theory of the firm or role of securities regulation and bankruptcy law reform.

The course requires active participation in and preparation for weekly discussions. Students are expected to be open to new ideas and to learn to articulate the perspectives of others who do not share their own specialty training.

The structure of the course is as follows:

1. Introduction to the economic analysis of law

2. Game theory and collective action problem

3. Transaction costs

4. Introduction to contract law – basic theory, formation of contracts

5. Corporate contracts

6. Theory of the firm

7. Agency costs and related party transactions

8. Corporate control transactions

9. Securities regulation

10. Bankruptcy law and reorganizations