This course provides an introduction to the economic analysis of law and legal institutions. The course applies the standard tools of microeconomic analysis (many of which have already been learned and mastered by students in Microeconomics 1 and 2) to investigate the individual incentive effects of legal rules, and then uses this analysis to evaluate the efficiency properties of legal rules.  Topics include the economic analysis of tort law, property law, contract law, criminal law, litigation and settlement, and others at time permits.

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

Two lectures and one tutorial per week.

Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H).

Friedman, D (2000) Law's Order: What Economics Has to Do with Law and Why it Matters, New York: Princeton University Press

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON2120