MV848K Economic Analysis of Commercial Law

Faculty of Law
Spring 2025
Extent and Intensity
0/2/0. 3 credit(s). Type of Completion: k (colloquium).
In-person direct teaching
Teacher(s)
doc. JUDr. Ing. Josef Šilhán, Ph.D. (lecturer)
Guaranteed by
doc. JUDr. Ing. Josef Šilhán, Ph.D.
Department of Commercial Law – Faculty of Law
Contact Person: Mgr. Iva Jančíková
Supplier department: Department of Commercial Law – Faculty of Law
Prerequisites (in Czech)
MP506Z Commercial Law II && ( MP405Z Commercial Law I || CM405Z Commercial Law I )
Dobrá pasivní znalost anglického jazyka - některé studijní texty jsou v angličtině
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 25 student(s).
Current registration and enrolment status: enrolled: 0/25, only registered: 67/25
fields of study / plans the course is directly associated with
  • Law (programme PrF, PR_)
  • Law (programme PrF, M-PPV)
Course objectives
At the end of the course students should be able to understand commercial law from the both legal and economic perspectives. Students will gain broader, more comprehensive insight into commercial regulation, its economic context, reasons and actual consequences. At the end of the course students should be able to better understand the contract and corporate law, information asymetry, externalities and risk alocation and economic foundations of competiton policy.
Learning outcomes
Upon completion of the course the student will be able to:
- understand the economic context of commercial regulation, its economic foundations and impacts
- be able to apply the arguments of economic analysis of law in areas of commercial regulation
- evaluate contractual and statutory regulation in terms of economic efficiency (in terms of the economic analysis of law)
- understand the economic substance of contract and corporate law, issues of risk allocation and distribution, transaction costs (and their reduction), externalities, information asymmetry or the economic foundations of competition law
Syllabus
  • Methods of law and economics
  • Certain issues of economic theory and its application
  • Theory of institutions, theory of transaction costs
  • Theory of property rights
  • Externality as an economic and legal issue
  • Economics of contract law and liability
  • Corporation law and economics
  • Economics of corporation law, corporate governance
  • Market and its regulation
  • Economics of antitrust I
  • Economics of antitrust II
Literature
    required literature
  • Materiály v interaktivní osnově
    recommended literature
  • POSNER, Richard A. Economic analysis of law. 7th ed. Austin: Wolters Kluwer, 2007, xxii, 787. ISBN 9780735563544. info
  • COOTER, Robert and Thomas ULEN. Law & economics. 5th ed. Boston: Pearson, 2008, x, 582. ISBN 9780321336347. info
  • FRIEDMAN, David D. Law's order : what economics has to do with law and why it matters. Princeton: Princeton University Press, 2000, 329 s. ISBN 0691010161. info
  • Encyclopedia of law and economics. Edited by Boudewijn Bouckaert - Gerrit De Geest. Cheltenham, UK: Edward Elgar, 2000, xv, 807. ISBN 185898565X. info
  • Economics of antitrust law. Edited by Benjamin Klein - Andres V. Lerner. Cheltenham, UK: Elgar reference collection, 2008, viii, 648. ISBN 9781845425135. info
  • Economics of antitrust law. Edited by Benjamin Klein - Andres V. Lerner. Cheltenham, UK: Elgar reference collection, 2008, xliv, 582. ISBN 9781845425135. info
  • Economics of contract law. Edited by Douglas G. Baird. Cheltenham: Elgar reference collection, 2007, xx, 656. ISBN 9781845426521. info
  • GEORGAKOPOULOS, Nicholas Leonidas. Principles and methods of law and economics : basic tools for normative reasoning. 1st pub. Cambridge: Cambridge University Press, 2005, xiv, 378. ISBN 0521826810. info
  • The origins of law and economics. Edited by Charles Kershaw Rowley - Francesco Parisi. Cheltenham: Edward Elgar, 2005, xii, 531. ISBN 1840649631. info
  • SHAVELL, Steven. Economic analysis of law. New York: Foundation Press, 2004, v, 121. ISBN 1587788152. info
  • MICELI, Thomas J. The economic approach to law. Stanford, California: Stanford economics and finance, 2004, xxii, 379. ISBN 0804746559. info
  • POLINSKY, A. Mitchell. An introduction to law and economics. 3rd ed. New York: Aspen Publishers, 2003, xvii, 181. ISBN 073553473X. info
  • EASTERBROOK, Frank H. and Daniel R. FISCHEL. The economic structure of corporate law. 4th print. Cambridge: Harvard University Press, 1998, viii, 370. ISBN 0674235398. info
Teaching methods
Lectures, class discussion, homeworks - reading, Law and Economic Analysis, case study
Assessment methods
Classes are compulsory. Student has to pass the final test.
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is taught: in blocks.
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2022, Spring 2023, Spring 2024.
  • Enrolment Statistics (recent)
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