730-461 Law and Economics

Legal Method and Reasoning; Principles of Public Law; Torts; Legal Theory; Obligations; Contracts; Property or in each case their equivalents.

This subject is about the use of economics as both a philosophy of law and a methodology of legal analysis. It addresses important trends in the field of law and economics from its 18th and 19th century utilitarian roots to the libertarian inspired Chicago School of the 1960s-80s to the more moderate 'multicultural' perspective versions that now appear to be emerging, and delves into the possible future of the law and economics movement, especially in Australia. The subject aims to be practical as well as theoretical (as does law and economics itself). In particular, basic concepts from law and economics are tested across various substantive areas of law, including aspects of contract, torts and property and especially intellectual property law. Students are encouraged to submit an essay on a topic of their own choice as their assessment and this may extend beyond subjects covered in the classroom component of the subject.

Note: The essay in this subject is regarded as a substantial piece of legal writing for honours purposes.

Either research essay 5000 words 100% (due end of semester) OR final examination two hours 100%.

Printed materials will be issued by the Faculty of Law.