• Offered by Law School
  • ANU College ANU College of Law
  • Classification Advanced
    Specialist
  • Course subject Laws
  • Areas of interest Law, Economics
  • Academic career PGRD
  • Course convener
    • Dr George Barker
  • Mode of delivery In Person
  • Offered in Spring Session 2014
    See Future Offerings

The first part of this course introduces students to the economic approach covering important basic economic concepts and theories (including efficiency, notions of social benefit and cost, the Coase Theorum, Median Voter Theory, and Agency Theory).

The second part of this course applies these theories to the analysis of rules and legal institutions. Topics in the second half could include

  • Property, Contract and Tort Law and Economics (applying the Coase Theorum and extensions)
  • Economic Analysis of Disputes, Litigation, Court and Tribunal Decision Making (including the economic analysis of the efficiency of the common law)
  • Economic Analysis of Government - Constitutional and Administrative Law and economics (including public choice theory of Parliamentary Government and agency theory of Executive Government)
  • The economics of Corporations law ( including transactions costs analysis of the role of Corporate Personality, Limited Liability, and Directors Duties)
  • The Economics of Competition Law ( and its relationship to Intellectual Property)
  • Economics and the Criminal Justice System,
  • The use of economic evidence in court, and Government decision making the role of theory, econometrics, statistical and financial analysis.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

A participant who has successfully completed this course should:

  • have a sound understanding of basic economic methodology and the meaning of concepts such as efficiency, justice, rights, legal rules and institutions and the relationships between them;
  • be able to appreciate the economic consequences and role of law and legal institutions;
  • be able to analyse specific legal policy issues of interest to them from a law and economics perspective



Indicative Assessment

Students must rely on the approved Means of Assessment which will be posted to the Wattle course site approximately 4 weeks prior to the commencement of the course.

Assessment is likely to consist of a major research essay (6,000-8,000 words).

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

26 Contact Hours (Intensive Delivery over 4 days) plus private study time.

2014 Intensive course dates: 31 October & 1, 3-4 November

Click here for current LLM Masters Program timetable

Requisite and Incompatibility

To enrol in this course you must be studying in one of the following programs; Master of Laws (7300) Master of Laws (Legal Practice) (7312) Master of Diplomacy/Master of Laws (7883) Graduate Diploma in Law (6300) or you must be studying one of the following programs Master of Legal Studies (7305) Master of Environmental Law (7309) Master of Government and Commercial Law (7313) Master of International Law (7310) Master of Law, Governance and Development (7317) Master of International Security Law (7318) Master of Diplomacy/Master of International Law (7893) Graduate Diploma in Law, Governance and Development (6317) Graduate Diploma in Legal Studies (6305) Graduate Diploma in Environmental Law (6309) Graduate Diploma in Government and Commercial Law (6313) Graduate Diploma in International Law (6310) Graduate Diploma in International Security Law (6318) Graduate Diploma in Legal Practice (6303) Graduate Certificate in Environmental Law (6351) AND have completed LAWS8015.

Prescribed Texts

Indicative text: Robert D. COOTER and Thomas ULEN, Law and Economics, Addison Wesley Longman, 6th edition, (2011)



Preliminary Reading

If you have not undertaken economics in the past you should in particular begin to read chapters 1 and 2 of Cooter and Ulen Law and Economics in advance of classes.



A Course Outline will be available on the Wattle course site approximately 4 weeks prior to the commencement of the course.

Assumed Knowledge

Non-lawyers must have completed LAWS8015 Fundamentals of Government and Commercial Law

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee Description
1994-2003 $1626
2014 $2808
2013 $2808
2012 $2808
2011 $2778
2010 $2718
2009 $2670
2008 $2670
2007 $2670
2006 $2646
2005 $2298
2004 $1926
International fee paying students
Year Fee
1994-2003 $2916
2014 $3762
2013 $3756
2012 $3756
2011 $3756
2010 $3750
2009 $3426
2008 $3426
2007 $3426
2006 $3426
2005 $3234
2004 $2916
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

Spring Session

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
8644 31 Oct 2014 31 Oct 2014 14 Nov 2014 16 Dec 2014 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions