Units of Study

ECOS3015 - Law and Economics

Semester 2, 2011  |  Credit Points: 6

Coordinator: Stephen Patrick Whelan

Description

Law and economics examines the economic role of law and legal institutions on the actions of economic agents. The economic analysis of law is founded on models of human behaviour and examines how decision making is affected by different legal regimes. The behavioral approach gives rise to a set of principles that can be applied widely across disparate areas of the law, and is becoming increasingly important world-wide, as such analysis is often utilized in courts and public policy forums. The unit begins with a revision of relevant tools of economic analysis. Subsequently, it studies the economics of various branches of law such as: property; contract; nuisance; accident and liability law; and, criminal law

Assessments

Assignments (20%) 1x mid semester exam (30%), final exam (50%)

Classes

One 2 hour lecture per week and one additional hour per fortnight

Prerequisites

Either (ECOS2001 or ECON2001) OR (ECOS2901 or ECON2901)

Prohibitions

ECON3015

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