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Lecturer(s)
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Růžičková Dora, Ing. Ph.D.
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Filipec Ondřej, Mgr. et Mgr. Ph.D.
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Course content
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1. Introductory seminar 2. Homo Economicus in Legal Practice. Rationality versus emotion, behavioural economics in practice, and predicting consumer behaviour. 3. Set Up Your Own Company. Establishing a new company or acquiring an existing one? Physical or virtual registered office, the amount of share capital, and the choice of managing director and company name. A practical step-by-step guide to setting up a company and the obligations arising after its incorporation. 4. A Business Plan for a Law Firm or Notary's Office. The specific features of regulated legal professions, pricing methods (statutory and contractual fees), market analysis, client acquisition, professional liability insurance and supplementary cover. 5. Presentation of Your Own Business Plan for a Law Firm or Notary's Office 6. The Lawyer as Human Capital. Job interviews and interview simulations. AI in legal practice. Types of employment arrangements - standard employment contracts, Agreements to Perform Work (DPP) and Agreements to Perform Work Activities (DPČ) - and their suitability for students. 7. How to Read a Lawyer's Tax Return. Practical work with a personal income tax return. Options for self-employed individuals: lump-sum expenses, actual expenses or the lump-sum tax regime. Examples of tax calculations. 8. The Efficiency of the Czech Tax System. A practical exercise involving a property tax return and the Land Registry, followed by a tax calculation and an assessment of the efficiency of property taxation. 9. Negotiation Simulation. Litigation versus out-of-court settlement. John Nash's game theory, strategies, equilibrium, and an analysis of costs, risks and time factors. Corporate price wars as a useful analogy. 10. Directive Management Style in a Law Firm. Professional responses to conflicts between supervisors and subordinates. 11. Financial Literacy for Lawyers. Personal finance as the basis of a sound family financial plan, portfolio building and cash-flow management. Fraud and social engineering. The role of financial advisers. 12. Banking Basics: Business Loans for Companies and Legal Professionals. How banks and non-bank financial institutions assess risk. Financing a law firm or notary's office, the specific features of professions regulated by professional chambers, and the problem of information asymmetry in financial markets. Mortgages and banks' approach to regulated legal professionals. 13. A Lawyer in a Real Estate Agency. Correct identification of contracting parties under AML rules and mistakes that can lead to severe penalties. What is property flipping?
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Learning activities and teaching methods
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Dialogic Lecture (Discussion, Dialog, Brainstorming), Activating (Simulations, Games, Dramatization), Group work
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Learning outcomes
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The course offers a practical introduction to economic thinking and shows how principles from microeconomics and macroeconomics influence legal practice, as well as decision-making by individuals, companies, and the state. It focuses on situations that lawyers actually deal with. The teaching is based on interactive exercises, presentations, role-playing, and simulations. Students will, for example, "set up" a fictitious company, create a business plan for a law firm, go through a simulated job interview, learn to navigate different types of employment contracts, and review sample tax returns. The course also includes the development of financial literacy: students will become familiar with business and mortgage loans, try out the role of a real estate lawyer, and address issues related to AML. We will simulate negotiations in which students decide whether to pursue litigation or opt for an out-of-court settlement, applying elements of John Nash?s game theory. The course also provides a brief insight into the state?s economic policy.
Students will understand basic economic principles and learn to apply them when analyzing legal situations. They will acquire the ability to correctly formulate issues, present their positions, and argue with regard to economic contexts. They will develop critical and economically oriented thinking essential for modern legal practice.
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Prerequisites
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Completion of this course is not conditional upon completion of some other courses.
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Assessment methods and criteria
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Student performance
Active participation in discussions and analyses of real legal-economic situations, presentation of selected topics.
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Recommended literature
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https://chytrejsidane.cz/.
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Bayerová, Vladimíra. (2021). Makroekonomie 1: studijní text pro denní a kombinovanou formu studia bakalářských studijních programů. 2., rozšířené a aktualizované vydání. Brno.
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Broulík, J., Bartošek, J. (2015). Ekonomický přístup k právu. Praha.
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Fryštenská, M. (2015). Ekonomická analýza civilního práva, 1. vydání. Brno.
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Hobza, V., Assenza, D., Zlámal, J. (2006). Základy ekonomie.. Olomouc.
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Holman, R. (2016). Ekonomie. 6. vydání. Praha.
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Jurečka, Václav a kol. (2018). Mikroekonomie. 3., aktualizované a rozšířené vydání. Praha.
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Jurečka, Václav, Martin Macháček a kol. (2023). Makroekonomie. 4., aktualizované a rozšířené vydání. Praha.
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Ódor, Ľudovít. (2023). Rychlokurz geniality.
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Soukup, Jindřich, Vít Pošta, Pavel Neset a Tomáš Pavelka. (2022). Makroekonomie. 4., aktualizované vydání. Praha.
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Titze, Miroslav. (2026). Makroekonomické ukazatele ? praktické příklady. Praha.
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Urban, Jan. (2024). Ekonomie bez mýtů a iluzí. 2., aktualizované vydání. Praha.
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