316-335 Economics of the Law

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316-335 Economics of the Law
Credit Points	12.5
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.
Generic Skills	High level of development: problem solving; application of theory to practice; interpretation and analysis; critical thinking; receptiveness to alternative ideas. Moderate level of development: oral communication; written communication; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources. Some level of development: collaborative learning; team work; statistical reasoning; use of computer software.
Assessment	A 2-hour end-of-semester examination (60%) and written work totalling not more than 4000 words (40%).

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Status:                   Official 2007
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