Short-term Virtual course on 'Economic Analysis of Law'


Course Description
The purpose of this course is to introduce to students the analysis of law from the perspective of economics. Economics offers an important theoretical perspective in the understanding of law and legal institutions. The economic analysis of law involves both positive and normative aspects. The positive analysis of law looks at the impact of law on society whereas the normative analysis asks what laws are most desirable for society. To that end, an efficiency criterion is used. The fundamental objective is to understand and evaluate legal rules by asking how rational individuals can be expected to respond to them.

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Course Director

Prof. StéphaneMechoulan is an applied empirical micro-economist and legal scholar. He holds a Ph.D. in Economics from Northwestern University, a J.D. from the University of Toronto, an M.A. in Economics from École des Hautes Etudes en Sciences Sociales, and a Master in Management from HEC Paris (Grand École). He is a member of the Ontario Bar. Dr. Mechoulan taught in the Department of Economics at the University of Toronto before joining Dalhousie’s School of Public Administration as an Associate Professor in July 2009. His research interests include law and economics, health economics, and policy analysis. His work has appeared in journals such as the Journal of Human Resources, the Journal of Law and Economics, the Journal of Legal Studies, and the Journal of Labor Economics. His work has been funded by e.g., the American Statistical Association, Health Canada, and the Social Science Human Research Council of Canada. His paper ‘Market Structure and Communicable Diseases’ received the 2008 Mundell Prize from the Canadian Economics Association.His academic research primarily investigates the unintended effects of policy changes. He also organizes workshops and provides customized training in the field of cognitive biases and their impact on decision-making in management settings and in the judicial context.  Read more...

Course Highlights

  • apply economic concepts to examine incentives created by law
  • explain alternative ways of resolving legal disputes
  • identify and evaluate the likely outcome of a legal dispute, modelled, as the case may be, as a strategic game between parties
  • analyze and compare alternative laws in terms of efficiency
  • understand crime deterrence effects of punishments


  • Introductory Material
  • Property Law
  • Tort Law
  • Contract Law
  • Procedure/Crim/Miscellaneous

No Prerequisites: Exposure to economics principles and/or introduction to legal thinking can help.

Who can attend

  • Undergraduates
  • Graduates
  • Doctoral & Post-Doctoral Fellows
  • Faculty members
  • Working professionals

No Prerequisites: Exposure to economics principles and/or introduction to legal thinking can help.

(open only for Indian and Canadian institutions and entities)

Evaluation:  Essay (12-15 pp) 80%    Participation 20%      TOTAL 100%

Date of Commencement: January 10, 2023         Time:  7:30 PM to 9:00 PM (IST) 

Frequency: Every Tuesday and Thursday (1.5 hours each class) 

Course Fee:


SICI's Indian member institutions-8,000 INR             
Non-member institutions-10,000 INR  

Faculty/Working Professionals 
SICI's Indian member institutions-10,000 INR  
Non-member institutions-12,000 INR  

SICI's Canadian member institutions-200 CAD       
Non-member institutions-250 CAD 

Faculty/Working Professionals 
SICI's Canadian member institutions-250 CAD 
Non-member institutions-300 CAD 

Bank account details for making payment


Name of the Account holder: Shastri Indo-Canadian Institute                                  
Address of the Accountholder: 5, Bhai Vir Singh Marg New Delhi 110001
Name of the Bank: Indian Overseas Bank
Address of the Bank Branch: 70, Golf Links, New Delhi 110003
Type of Account: Savings
Account No. 026501000009532
IFSC code: IOBA0000265
GST: Not Applicable

Beneficiary Name: Shastri Indo-Canadian Institute
Beneficiary Address: 1418 Education Tower, 2500 University Dr. NW Calgary, AB T2N 1N4
Bank Name: Canadian Imperial Bank of Commerce (CIBC)
Bank Address: CIBC Place - Bankers Hall - Box 2585, 309 - 8th Ave. S.W., Calgary, AB T2P 2P2
Institution No: 010
Account No.: 46-01416
Bank Transit: 00009
Swift Code: CIBCCATT

Registration link 


  • An essay of 12-15 pages will be required from participants.
  • Those who pass the course will be awarded a Certificate of Completion

Cancellation Policy

The Shastri Indo-Canadian Institute reserves the right to cancel the course with prior notice if the minimum number of registrants required is not met. In case of cancellation, a full refund of the fees will be paid to the registrant.

Contact details

Ms Reshma Rana Verma
Programme Office

Ms. Meenakshi Malhotra
Assistant Programme Officer-Administration