Empirical Legal Studies
A.Y. 2024/2025
Learning objectives
This course aims at developing a rigorous understanding of the following concepts:
1. Why Empirical Research in Law matters
2. The concept of causality
2. Designing Research
3. Collecting & Coding Data
4. Statistical Software
5. Statistical Inference: linear and logistic regressions
1. Why Empirical Research in Law matters
2. The concept of causality
2. Designing Research
3. Collecting & Coding Data
4. Statistical Software
5. Statistical Inference: linear and logistic regressions
Expected learning outcomes
After successful completion of the course students are expected to be able to:
1. read and understand at a high-level empirical research in legal studies
2. detect empirical flaws in third-party statements or data presentations
3. identify questions that can be answered quantitatively
4. design and execute simple but rigorous empirical tests.
1. read and understand at a high-level empirical research in legal studies
2. detect empirical flaws in third-party statements or data presentations
3. identify questions that can be answered quantitatively
4. design and execute simple but rigorous empirical tests.
Lesson period: Second semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
Second semester
Course syllabus
The aim of the course is to investigate the Empirical Legal Studies in the context of the current Law & Sustainable Development
The field of Empirical Legal Studies aims to:
· Integrate empirical insights and methodologies into existing traditional courses or develop new courses to introduce students to empirical models that address complex legal issues.
· Promote empirical legal research skills and interdisciplinary approaches within the law school curriculum.
· Examine the dynamic relationships between legal norms and social realities.
The course on Empirical Legal Studies may contribute along two conceptually distinct lines, dividing the course into two parts:
1. Introduction to Risk and Performance from a Financial Perspective
This first part of the course introduces students to the study of financial and non-financial risks and their impact on performance. Empirical investigation of these financial concepts will employ statistical tools to analyze speculative and non-speculative risks.
2. Quantitative Assessment of Economic Damages
The second part illustrates, through real-world cases, how to quantitatively assess economic damages arising from offenses in civil and criminal law.
The field of Empirical Legal Studies aims to:
· Integrate empirical insights and methodologies into existing traditional courses or develop new courses to introduce students to empirical models that address complex legal issues.
· Promote empirical legal research skills and interdisciplinary approaches within the law school curriculum.
· Examine the dynamic relationships between legal norms and social realities.
The course on Empirical Legal Studies may contribute along two conceptually distinct lines, dividing the course into two parts:
1. Introduction to Risk and Performance from a Financial Perspective
This first part of the course introduces students to the study of financial and non-financial risks and their impact on performance. Empirical investigation of these financial concepts will employ statistical tools to analyze speculative and non-speculative risks.
2. Quantitative Assessment of Economic Damages
The second part illustrates, through real-world cases, how to quantitatively assess economic damages arising from offenses in civil and criminal law.
Prerequisites for admission
The course has no particular prerequisites except for a basic understanding of financial concepts, including the main financial instruments and key players in the financial sector.
Teaching methods
Teaching methodology:
Traditional classroom lectures with ppt support
Selected book chapters and sections; papers; notes.
Empirical evidence
Practitioners' seminars
Group presentations and report writing (if the class size is small)
Traditional classroom lectures with ppt support
Selected book chapters and sections; papers; notes.
Empirical evidence
Practitioners' seminars
Group presentations and report writing (if the class size is small)
Teaching Resources
· Frederic S. Mishkin and Stanley G. Eakins, Financial Markets and Institutions, global edition, 9th edition, 2018, Pearson - selected sections of selected chapters.
· S. Benninga et al., Principle of Finance with Excel, 3rd Edition - selected chapters
· Some additional material (slides, problem sets, etc.) will be provided during lectures and it will be published online.
· Some useful lectures can be found at:
1) Bank of Italy: www.bancaditalia.it/
2) The European Central Bank: www.ecb.europa.eu/
3) The European Banking Authority: www.eba.europa.eu/
· Some additional material (slides, problem sets, etc.) will be provided during lectures and it will be published online.
· All course support materials will be regularly available on the ARIEL platform.
· S. Benninga et al., Principle of Finance with Excel, 3rd Edition - selected chapters
· Some additional material (slides, problem sets, etc.) will be provided during lectures and it will be published online.
· Some useful lectures can be found at:
1) Bank of Italy: www.bancaditalia.it/
2) The European Central Bank: www.ecb.europa.eu/
3) The European Banking Authority: www.eba.europa.eu/
· Some additional material (slides, problem sets, etc.) will be provided during lectures and it will be published online.
· All course support materials will be regularly available on the ARIEL platform.
Assessment methods and Criteria
The exam aims to assess the achievement of the following learning objectives:
1. Knowledge of the main theoretical concepts.
2. Ability to analyze economic, financial, and business phenomena from a practical point of view.
The exam consists of a written test covering the entire program.
The first part consists of 5 multiple-choice questions (each with 5 possible answers, only one of which is correct) to be completed in 15 minutes. Each correct answer is worth 1,5 points. There are no penalties for unanswered or incorrect responses.
The second part includes an open-ended question (worth 8,5 points) to be completed in 30 minutes, followed by a practical case to solve (worth 16 points) in 45 minutes.
The total duration of the exam is 1 hour and 30 minutes, with a maximum achievable score of 32 points.
The minimum passing score is 18 points.
The final exam result will be uploaded to the electronic register, and if the student does not indicate their intention to reject the grade within one week, it will be officially recorded.
If the exam result is insufficient, the student may retake it in any subsequent session.
1. Knowledge of the main theoretical concepts.
2. Ability to analyze economic, financial, and business phenomena from a practical point of view.
The exam consists of a written test covering the entire program.
The first part consists of 5 multiple-choice questions (each with 5 possible answers, only one of which is correct) to be completed in 15 minutes. Each correct answer is worth 1,5 points. There are no penalties for unanswered or incorrect responses.
The second part includes an open-ended question (worth 8,5 points) to be completed in 30 minutes, followed by a practical case to solve (worth 16 points) in 45 minutes.
The total duration of the exam is 1 hour and 30 minutes, with a maximum achievable score of 32 points.
The minimum passing score is 18 points.
The final exam result will be uploaded to the electronic register, and if the student does not indicate their intention to reject the grade within one week, it will be officially recorded.
If the exam result is insufficient, the student may retake it in any subsequent session.
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS - University credits: 6
Lessons: 42 hours
Professors:
Brighi Paola, Chiusani Andrea Giovanni
Shifts:
Educational website(s)
Professor(s)