Law and Economics (ECOS3015)

UNIT OF STUDY

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

Further unit of study information

Classes

1x2hr lecture/week, 1x1hr tutorial fortnight

Assessment

assignments (20%), Mid-semester test (30%) and 2hr Final exam (50%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

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

Prohibitions

ECON3015

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.