Brief Course Description
1. Course Title:
Introduction to Law and Economics
2. Language of Instruction:
Vietnamese
3. Course Code:
LAW511095
4. Credits:
2
5. Course Objectives:
This course aims to provide students with basic and systematic knowledge of law and economics as an important approach to the study, interpretation, and evaluation of legal rules and institutions. Upon successful completion of the course, students will be able to: Understand the core concepts of law and economics, including incentives, efficiency, transaction costs, externalities, risk allocation, and agency costs; Explain and analyse major legal institutions from an economic perspective, particularly in the fields of property law, contract law, tort law, and the law of business organisation; Identify the role, value, and limits of economic analysis in the design, enforcement, and reform of legal rules; Apply an economic approach to the analysis of basic legal problems and develop reasoned arguments in legal study and research. The course also contributes to the development of analytical thinking, critical thinking, and interdisciplinary competence.
6. Brief Description of Course Content:
Introduction to Law and Economics is a foundational course that provides students with an interdisciplinary approach linking economics and law. The course introduces the basic concepts and analytical tools of law and economics, while explaining how legal rules shape behaviour, allocate resources, affect social costs, and influence the efficiency of legal transactions and relationships.
The course focuses on an introduction to law and economics and its application to several core legal fields, including the law of business organisation, contract law, property law, and tort law. Through these topics, students are equipped with a basic framework for understanding the economic logic underlying legal rules and for identifying issues relating to incentives, risk, transaction costs, and institutional choice.
The course is academically connected to private law and business law subjects such as Civil Law, Contract Law, Property Law, Company Law, as well as courses on legal research methods, legal policy, and legal analysis. It contributes to the development of analytical foundations and supports students in approaching more advanced law courses in the curriculum.