ECO3033 Law and Economics
|Short Description:||Law and Economics|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Commerce|
|Student contribution band :||Band 3|
|ASCED code :||091901 - Economics|
|Grading basis :||Graded|
|Version produced :||14 November 2019|
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
Central to the understanding of law and economics is a set of fundamental economic concepts and tools of economic analysis. Concepts such as rationality and economic tools such as price theory, efficiency and market failure are introduced. These tools and concepts are then applied to legal issues such as property rights, contract law, criminal law, torts, and competitive markets. Law and economics offers a framework with which to model legal outcomes by bringing together legal theory and economic reasoning.
In this course, the economic way of thinking is applied to real world problems and policy issues and demonstrates the relevance of viewing legal rules from an economic perspective. Legal issues examined in the course include property law, tort law, contract law, criminal law and market regulation. The economic analysis of the law provides a unified vision of the law, tying together diverse areas of law into a common theoretical structure.
|Semester 1, 2020||Online|