316-335 Economics of the Law

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316-335 Economics of the Law
Credit Points	12.5
HECS Band	2
Coordinator	Mrs R Smith
Prerequisites	316-202 Intermediate Microeconomics.
Semester	1 (view timetable)
Contact	One 2-hour lecture and a 1-hour tutorial per week
Subject Description	This subject addresses the economic principles underlying various areas of the law and which are relevant to legal practice. Three main issues will be studied. The first is competition law and consumer protection. The second is property rights, including intellectual property. The third main area concerns issues of damages and compensation. The course will develop economic tools to analyse these legal issues. These include incomplete contracting, oligopoly analysis and incomplete information.
Assessment	A 2-hour end-of-semester examination (60%) and written work totalling not more than 4000 words (40%).

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