• Offered by Law School
  • ANU College ANU College of Law
  • Classification Advanced
    Specialist
  • Course subject Laws
  • Areas of interest Law, Economics
  • Academic career PGRD
  • Mode of delivery In Person

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:

By the conclusion of this course, it is intended that students who have successfully completed all the course requirements will be able to:
  1. Explain, conceptualise and distinguish 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;
  2. Identify, analyse and critically examine the complexities of the interplay between economic consequences and the role of law and legal institutions;
  3. Identify, critically examine and apply specific legal policy issues from a law and economics perspective; and
  4. Demonstrate, at masters level, the ability to independently plan and execute a research project applying legal research principles and methodologies to critically analysis and apply legal principles and practice to complex issues.

Other Information

This is an intensive course with a 4 day compulsory intensive (see LLM timetable for dates).

Approximately 6 weeks from the completion of the intensive your final assessment will be due. Contact with fellow students and the convenor, both prior to the intensive and after, is conducted via the Wattle course site.

Indicative Assessment

Assessment for this course will likely consist of:
  1. Class Participation (10%)
  2. Research Essay (90%, 7000 words)
Students must rely on the approved Course Study Guide which will be posted to the Wattle course site approximately 4 weeks prior to the commencement of the course.

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 hours of face to face teaching (4 day intensive). The course will also require advanced preparation through assigned readings. In total, it is anticipated that the hours required for completion this course (class preparation, teaching and completion of assessment) will not exceed 120 hours. 

Click here for the LLM Masters Program timetable

Requisite and Incompatibility

To enrol in this course you must be studying a: Master of Laws (7300XLLM, MLLM), Master of Laws specialising in International Law (7300XSINTL), Master of Laws specialising in Law, Governance and Development (7300SLGD), Master of Laws specialising in Environmental Law (7300SENVL), Master of Laws specialising in Government and Commercial Law (7300SGCL), Master of Laws specialising in International Security Law (7300SISL), Master of Laws in Migration (NLLML), Master of Laws in International Law (NLLIL), Master of Laws in Environmental Law (NLLEN), Master of Laws in Law, Governance & Development (NLLGD), Master of Laws in International Security Law (NLLSL), Master of Laws in Government and Regulation (NLLGR), Master of Laws (Legal Practice) (7312XLLMLP), Master of Diplomacy/Master of Laws (7883SINTL, 7883XLLM), Master of Legal Practice (MLEGP). OR Must be studying a: Master of Diplomacy/Master of International Law (7893MDIPL, 7893XMINTL), Master of International Law (7310XMINTL), Master of Environmental Law (7309XMENVL), Master of Law, Governance & Development (7317XMLGD), Master of International Security Law (7318XMISL), Master of Government and Commercial Law (7313XMGCL), Master of Legal Studies (7305XMLEGS), and completed LAWS8015 Fundamentals of Government and Commercial Law or LAWS8587 Legal Framework of Regulation. OR Must be studying a Juris Doctor (7330XJD, 7330HJD or MJD) and have completed or be completing five LAWS1000 level courses or five LAWS6100 level courses. OR Must be studying a Graduate Certificate of Law (CLAW) and have completed or are completing LAWS8586 Law and Legal Institutions and LAWS8587 Legal Framework of Regulation. OR Must be studying a Master of Military Law (MMILL) OR Must be studying a Juris Doctor (MJDOL) and have completed the course LAWS8712 Australian Public Law & International Law B

Prescribed Texts

The prescribed text for this course is:
  • Robert D. COOTER and Thomas ULEN (2012), Law and Economics, Addison Wesley Longman, 6th edition

Preliminary Reading

It is highly recommended students have access to:
  • Posner, Richard A. Economic Analysis of Law, 8th edition, 2010, Aspen Law & Business; especially Parts III, IV, VI and VII
  • Mueller, Dennis C. Public Choice III, 3rd ed. 2003, Cambridge University Press especially chapters 1-3 and 16
  • Kahn, A. E. (1988) The Economics of Regulation: Principles and Institutions, MIT Press Chapter 1

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

Assumed Knowledge

Students without an Australian law degree must have completed LAWS8587 Legal Framework of Regulation

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. Tuition fees are indexed annually. 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
2017 $3420
International fee paying students
Year Fee
2017 $4878
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

There are no current offerings for this course.

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