7th GNLU Essay Competition: Economic Analysis Of Judgments And Case Laws [Submit By 13th December]

The Centre for Law & Economics (CLE) is a centre of excellence for research and training in the discipline of law & economics (also referred to as the economic analysis of law). The centre values rigorous work in the discipline and aims to promote awareness of and research in the field. It carries out courses and conferences for scholars, practitioners and students apart from publications on the economic analysis of contemporary legal issues. It aims to produce quality prescriptions for legislators, regulators and government departments and provide clear explanations and guidance to businesses and ordinary citizens alike. Centre for Law and Economics has always tried to reach out to bright and young minds who have keen interest in employing economic tools and theories for legal analysis. Some of these efforts can be seen at GNLU Centre for Law and Economics page for past events. GNLU also offers a Ph.D. Degree course in economics to promote academic skill and research vigor in economics and law.

Theme Of The Competition: Economic Analysis of Judgements

The subject of 'law & economics' or 'economic analysis of law' is concerned with this intersection between the subjects of law & economics. It permits the greater use of economic tools and concepts to examine and understand the law in addition to recognizing the importance of law to the analysis of the economy. Today, the field of law & economics has expanded and transformed subjects such as property, contracts, torts, criminal law and procedure, constitutional law, administrative law, environmental law, family law, etc. The inherent advantage of this field is that its objective nature permits the legal system to function rationally and more efficiently. Besides, it provides a useful normative standard for evaluating law and policy. Law & economics is a cutting-edge, interdisciplinary field that applies tools from microeconomic theory to legal rules and structures so as to explain their functioning, evaluate their performance and prescribe alternative rules and structures so as to create optimum social outcomes. Law & economics has seen prolific development in various jurisdictions and has elicited startling results that have changed the way they look at and run their legal systems, winning scholars several accolades, notably including the Nobel Prize in economics.

The theme of this edition of GNLU CLE Essay Competition is Judgment Analysis. Manuscripts are invited containing law and economic analysis of judgments in any substantive area of law, The essay may contain in-depth case analysis of a single judgment or may also be a law and economic analysis of principles of law propounded by various judgments.

Note: The essay must be a judgement analysis to be qualified for this edition of the GNLU CLE Essay Competition. Any essay not being a judgement analysis shall be disqualified.

Manuscripts may be on judgements in any of the substantive areas of law and economics, including but not limited to the following:

• Basic Areas of Law and Economics: property, contract, tort law and product liability, forensic economics, criminal law, civil law, common law, constitutional and election law.
• Economic Analysis of Litigations: judgements outlining causes of delays/pendency in judicial administration, costs of delays, out of court settlements, judicial reforms, legal procedures, the legal system and illegal behavior, enforcement of law.
• International Law (Public and Private): international trade, law and development, environmental law, human rights law.
• Regulation and Business Law: antitrust, business and securities, regulated industries, business and cyber, real estate.
• Economics of Legal Procedure: the legal system litigation process, illegal behavior and law enforcement.
• Macroeconomics and Law: use of economic tools in public policy analysis.
• Law and Finance: financial sector reforms in India formation of monetary policy, cyber crimes, stock market regulations, sovereign bonds, corporate and banking bankruptcy, bankruptcy code, tax evasion, black money, base and financial stability board norms, WTO and the financial services;
• Market regulators: IDRA, TRAI, SEBI, PFRDA, antitrust; regulated industries/ competition law and working of the commission, consumer laws, financial sector, legal reforms commission.
• Other Substantive Areas of Law and Economics: labor, energy, environmental, health, and safety, international, tax, family and personal, immigration.
• Economical Analysis of Contemporary Legal Developments: for instance: anti- defection law, etc.

The above themes are only indicative. Essays are invited from other allied areas of law and economics as well.

In case the authors require some guidance for writing and research in the field of Law and Economics, the GNLU Journal of Law and Economics can be accessed: https://gjle.in/.

Eligibility Criteria

The theme of this edition of the essay competition is targeting the following:

• Students/Research scholars pursuing M.A./M.phil/Ph.D discipline in Economics
• Student Research scholars pursuing Ph.D in the interdisciplinary study of law and economics
• Students/Research scholars pursuing M.A./M.phil/Ph.D discipline in statistics
• Students/Research scholars pursuing M.A./M.phil/Ph.D discipline in public policy
• Students/Research scholars pursuing M.A./M.phil/Ph.D discipline in development studies
• Students/Research five-year/three LLB discipline
• Students/Research one-year/two-year LLM discipline
• Academicians teaching and researching in the interdisciplinary study of law and economics
• Professionals working in banking, finance or economics field.

This is not an exhaustive list. Students, researchers, academicians, professionals, young researchers, scholars and academicians having an avid interest in the interdisciplinary study of law and economics are welcome to contribute in the essay competition too. 

AWARDS:

1ST PRIZE TO BEST ESSAY: 11,000 (INR) CASH PRIZE + PUBLICATION IN GNLU JOURNAL OF LAW AND ECONOMICS (AFTER INCORPORATING REVIEWER COMMENTS).

2ND PRIZE TO SECOND BEST ESSAY: 8,000 (INR) CASH PRIZE

3RD PRIZE TO THIRD BEST ESSAY: 6,000 (INR) CASH PRIZE

10 BEST ESSAYS BE AWARDED A CONSOLATION PRIZE: 5,000 (INR) CASH PRIZE

Submission Date:On or before 13 December 2024.

Submission Link: https://forms.gle/7VaeKyofujDdpz8TA or https://docs.google.com/forms/d/e/1FAIpQLSfMIIWLiNRoHOmIbqp6DcuOcSDVHgiFHinEy7e1V8eN24z_fA/viewform?pli=1

For submission guidelines, kindly refer to the brochure

Contact

Email: cle@gnlu.ac.in

Yashvi Bhagat:  98254 12657

Akshita Bhansali: 89553 11989