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Unit of study_

LAWS3447: Law and Economics

2024 unit information

This unit introduces students to the historical foundations and contemporary problems of economic analyses of law. The first part introduces the modern development of economic thought and its relationship to law. Topics include classical political economy versus Marxist critiques, and 'law and economics' versus Critical Legal Studies. The second part surveys contemporary debates over law and economics. Topics include the notion of 'private property', and law and political economy.

Unit details and rules

Managing faculty or University school:


Code LAWS3447
Academic unit Law
Credit points 6
Assumed knowledge:

At the completion of this unit, you should be able to:

  • LO1. Develop an understanding of the socio-economic context in which the legal system is embedded, with particular emphasis on the concepts of social justice and the need for government intervention in response to systemic market failure
  • LO2. Develop an understanding of the differences between legal reasoning and the theoretical and empirical analysis of the social welfare effects of law and public policy
  • LO3. Think critically about law and policy issues, especially those bearing on economic and social problems, as well as to the use of data and empirical evidence in the evaluation of arguments

Unit availability

This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.

The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.

Session MoA ?  Location Outline ? 
Semester 2 2024
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 2 2020
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Semester 2 2021
Normal day Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney

Modes of attendance (MoA)

This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.

Important enrolment information

Departmental permission requirements

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