Law in Economics and Business


The Aims of the Course are to make students familiar with (English) Legal Terminology in order to allow them to address the literature; to decompose daily occurrences as legal relationships; to contrast Law and Morality; to identify the basic steps of Legal Design in State Building; to compare purposes of Property and Liability rules and to finally address the issue of Incentives and Legal Paternalism and its effects on the Economy.

General characterization





Responsible teacher

Leonor Rossi


Weekly - Available soon

Total - Available soon

Teaching language

Portuguese and English



Main text book: Law a Very Short Introduction, R. WACKS, Oxford University Press.

From Handbook on Economic Analysis of Law, S.SHAVELL ,Harvard, Belknap» Ch: The Economics of Litigation.

From Law’s Order, What Economics has to do With Law and Why it Matters, D. FRIEDMAN, Princeton.

Ch Defining and Enforcing Rights, Property, Liability and Spaghetti Ch Mine Thine and Ours, the Economcs of Property Law.

Ch The Economcs of Contract

W. SHAKESPEARE The Merchant of Venice, Oxford Student Companion.

Teaching method

Students attend 12 weeks of Lectures that are divided into 8 main Topics ( see Course Content), and the Last week is devoted to the analysis of Shakespeares the Merchant of Venice: work of literature in which all 8 main topics are present: the point being to a) recognize and to b) discuss each of the 8 topics as portrayed in the play.

Evaluation method

The Final Exam is mandatory and must cover the entire span of the course. Its weight in the final grade can be between 30 to 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.

Midterm test = 30%

Final exam = 70%»

There is a cutt-off mark of 6/14 in the final Exam. Furthermore Mid term mark is held constant in both calls of Final Exam.

Regular exam period:

Continuous assessment elements (and their weights):

Midterm test: 30%

Final exam (and their weighting):

Final exam: 70% ( cut-off 6/14)

Resit exam period:

Continuous assessment (and their weights) if different than 100%:

Midterm test = 30%

Final exam (and its weight):

Final exam: 70% ( cut-off 6/14)

Grade improvement in regular period:

Continuous assessment (and their weights) if the scanning feature doesn’t count 100%:

100% only for students from another semester.

Final exam (and its weight):

Grade improvement in resit period:

Continuous assessment (and their weights) if different than 100%:

100% only for students from another semester.

Final exam (and their weighting):

Subject matter

  • 1. Introduction to: The future of the Law.

  • 2. Persons: Human Beings and Collective Entities (the State and Undertakings).

  • 3. History of the Law in the Western Legal Tradition.

  • 4. The Content of legal Relationships: Rights and Duties.

  • 5. The Object of Legal Relationships.

  • 6. Enforcement.

  • 7. The Political System in the Constitution.

  • 8. Courts and the Legal Profession.

  • 9. Property.

  • 10. Contract.

  • 11. The General Data Protection Regulation.

  • 12. Putting Everything Together: Legal Issues in The Merchant of Venice.