Economics can be used to explain the workings of legal system and to analyse the effect legal rules have on human behaviour. This course introduces the concepts of law and economics. It is designed for law students with no background in economics. This course will start by introducing the basic principles of microeconomics that are useful for all law practitioners, regardless of specialty. Then, this course will introduce the applications of economic analysis to different areas of the law. This course does not require advanced mathematics knowledge. It focuses on the theoretical approaches to law instead of the empirical approaches. Where mathematics is used, it will mostly be basic graphical and algebraic analysis at secondary-school level.   

To pass this course Students must obtain an aggregate mark of 40% and a minimum of 30% in each of the coursework and the examination elements of the assessment.