Authorised by Academic Registrar, April 1996
Objectives At the completion of this subject students should have a systematic understanding of the forces currently reshaping the industry, both in Australia and overseas; know the ways in which policy and regulatory frameworks are being adapted; and be able to analyse the critical issues which the new regulatory mechanisms will need to face.
Synopsis A particular feature of the subject is the emphasis placed on the interaction of law and economics - both in shaping the pressures for change and in informing the principles on which policy makers may seek to base their response. The study of legislation and precedent will therefore be heavily influenced by examination of the underlying economics and economic principles. The subject therefore does not only aim at providing students with a thorough basis in this particular industry; it is also a case study of the integration of economic arguments into an understanding of the legal and regulatory framework.
Assessment Written (assignments throughout the semester): 100%