Law and Economics

In the Law and Economics course, methods and analytical tools commonly used in economics are applied to produce explanations for both the development of law and the effects of law.

Normative studies are carried out in order to establish a basis for evaluating which rules to choose in order to obtain efficient use of resources and a preferred distribution of goods. Various rules are regarded as incentives to which rational actors adapt. The quality of the results is assessed on the basis of the welfare theory developed in economics. Issues related to efficiency and distribution are studied not only within market related disciplines such as contract law, property law and competition law, but also within family law, civil procedure, general deterrence, etc. Law and Economics is not firmly linked to national law, it is fundamentally international in nature. Furthermore, the discipline transcends traditional classifications of law in the sense that solutions to environmental problems, for example, are sought both within private law and public law.

Law and Economics is a semi-compulsory subject in the 4th year of our law programme, and is an optional subject in the 5th year.
Master dissertations are written, and recently several PhD dissertations have included elements of Law and Economics. The teaching language of the courses is Norwegian.
Topics for the Masters Thesis
At present, research activity is related to some extent to activities within the research group in natural resources. Guest lectures are presented two or three times a year in the Forum of Law and Economics. Several faculty members have participated in colloquia and seminars where topics of Law and Economics related to various fields of law have been discussed.
Contact Person
Professor Endre Stavang
Other Persons Associated with the Subject Field
Professor Emeritus Erling Eide
Published Nov. 20, 2009 10:48 AM - Last modified July 14, 2017 1:17 PM