• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics
  • Academic career UGRD
  • Mode of delivery In Person

Students undertake the pass course together with extra lectures on more advanced topics and extensions to the pass course. Topics will be drawn from: welfare economics, competition and the core, the hold-out problem, the anti-commons, intellectual property and patents, non-pecuniary losses and the value of life, the last clear chance rule, product liability with monopoly, and more complete models of accidents, optimal contract damages and uncertainty.

Learning Outcomes

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

On satisfying the requirements for this course, students should have the knowledge and skills to:
• Recognise the economic issues in a legal problem and apply the economic way of thinking to analyse it.
• Assess the efficiency effects of legal rules and policies

Other Information

It is recommended that you only attempt this honours course if you have completed and done well in Microeconomics 1.

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Two 1-hour in-term examinations, and a 3-hour final examination. 

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.


Lectures and tutorials as for the pass course, plus an additional lecture per week starting in Week 2

Requisite and Incompatibility

To enrol in this course you must have completed ECON1101 Microeconomics 1 or ECON1100 Economics 1 (H)

Prescribed Texts

There is no textbook for the honours section. Readings will be drawn from advanced textbooks and journal articles.

Preliminary Reading

Friedman, D (2000) "Law's Order: What Economics Has to Do with Law and Why it Matters", http://www.daviddfriedman.com/Laws_Order_draft/laws_order_ToC.htm



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:
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.

6.00 0.12500
Domestic fee paying students
Year Fee
2019 $4140
International fee paying students
Year Fee
2019 $5460
Note: Please note that fee information is for current year only.

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.

There are no current offerings for this course.

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