The scope of action available to individuals and companies in all types of markets is always defined by legal regulations. Similarly, the consequences of individual economic decisions generally depend on the legal framework. This means that legal regulations always have a direct impact on efficiency. They can influence the actions of individuals in ways that are economically sensible, but also in ways that are economically problematic.

This module analyzes legal norms from various fields of law from an economic perspective. These include tort and liability law, contract law, and corporate law. Concrete examples such as the legal regulation of consumer protection are also covered.

The course also discusses fundamental methodological questions in the field, such as whether there are criteria for economic efficiency that are generally accepted and can therefore serve as a benchmark for the economic analysis of law.

• Hans-Bernd Schäfer und Claus Ott, Lehrbuch der ökonomischen Analyse des Zivilrechts, 5. Auflage, Heidelberg: Springer-Gabler, 2012.
• ergänzende Literaturhinweise werden in der Vorlesung gegeben.

Students in the master's programs in business administration and industrial engineering.