Economic Analysis of International Commercial Contracts
(objectives)
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
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