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
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 LawFees
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 |
Course fees
- 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 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
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 |