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On successful completion of the module, students should be able to:
- Understand the theoretical ideas and applications of economic analyses to law.
- Examine and critique the legal and economic constraints of using economic reasoning to resolve legal problems.
- Critically discuss the economic arguments concerning the law of property, contracts, tort, crime and legal procedure.
- Deploy economic concepts such as efficiency and rationality in the analysis and evaluation of key legal concepts and doctrines.
- Discuss the assumptions, weaknesses and limitations of economic concepts and modelling techniques and their application to law, and use this critical awareness in their evaluation of law, policy and practice.
- Understand that law is a social enterprise and of the relevance of economic analysis to law as it is taught in other modules and, more generally, how it is discussed in everyday life.