Legal and economic aspects of safety

Course Code :2000RECJEA
Study domain:Safety Science
Academic year:2019-2020
Semester:1st semester
Contact hours:48
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:Dutch
Exam period:exam in the 1st semester
Lecturer(s)Diana De Graeve
Kelly Reyniers

3. Course contents *

This course consists of two parts:

I. Legal part

a. 'Legal' aspects regarding safety: introduction and setup

     - What is law?

     - The importance of law for the domain of safety

b. Overview of legal sources and hierarchy

c. Safety from the perspective of fundamental rights

    - Fundamental rights: what's in a name? (concept, types/generations, sources, legal scope and enforceability, restrictions)

    - Safety: a fundamental right?

d. Industrial safety and well-being at work

     - Setup, legal sources and principal agents

     - Relation to social security: industrial accidents and occupational diseases

e. Environment and safety

     - Setup, legal sources and principal agents

f. Public and private safety

    - Setup, legal sources and principal agents

g. Safety, liability and insurances

II. Economic part

The economic reasoning vis-à-vis the determination of an optimal level of safety;

Techniques in terms of decision theory for decisions under insecurity and risk; decision trees, expected value and expected use; insurances;

Determining, measuring and assessing costs and profits of safety; value of health; time differences and discounting;

Incentives for prevention and safety;

impact insurances.