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ECOS3015 - Law and Economics
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,480
International Fee: $3,960
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 2
Prerequisites: Either (ECOS2001 or ECON2001) OR (ECOS2901 or ECON2901)
Prohibitions: ECON3015
Classes: 1x2-hr lecture/week, 1x1-hr tutorial fortnight

Assessment: assignments (20%), mid-semester test (30%) and 2hr final exam (50%)

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
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