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.
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
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.
Two 1-hour in-term examinations, and a 3-hour final examination.
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WorkloadLectures and tutorials as for the pass course, plus an additional lecture per week starting in Week 2
Requisite and Incompatibility
Prescribed TextsThere is no textbook for the honours section. Readings will be drawn from advanced textbooks and journal articles.
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.
Offerings and Dates
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|8665||22 Jul 2019||29 Jul 2019||31 Aug 2019||25 Oct 2019||In Person||N/A|