The course aims at:
- introducing students to the foundations and the main topics of the Economic Analysis of Law, and to the “Law and Economics” methodology
- providing students with the necessary tools to evaluate the efficiency of legal rules with regard to Contract Law
- understanding the economic function of international commercial contracts
- evaluating what is the most efficient allocation of remote risks in the different types of international commercial contracts
- identifying the economic rationale of the most important clauses in international commercial contracts
- identifying the economic rationale of the different doctrines governing unforeseen supervening events and changes of circumstances in the common law and the civil law systems