Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton Second semester 2010 (Day)
Coordinator(s)Professor Russell Smyth


The unit applies the method of economics to the analysis of the law itself - to the structure of the common law, legal processes, legal institutions and statutory regulation, and to the impact of law on the behaviour of individuals and groups and the functioning of the economy. Topics include: is there a role for law and economics in studying the law, economics of crime and capital punishment, punitive damages, interest group theories of judicial independence and the determinants of judicial influence and prestige.


The learning goals associated with this unit are to:

  • understand the two-way interrelationships between law and economics
  • evaluate the key role of laws in setting the institutional framework in which economic decisions are taken and to critically evaluate current and proposed laws as determinants of economic performance
  • critically assess the responses of households and business enterprises to current and alternative laws.


Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Russell Smyth

Contact hours

3 hours per week