LLB150 Behavioural Law and Economics
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | LLB150 |
|---|---|
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $957 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,224 |
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | LLB150 |
|---|---|
| Credit points: | 12 |
| Coordinator: | Felicity Deane | felicity.deane@qut.edu.au |
Overview
Law and economics incorporates economic analysis to predict human responses in legal environments. Traditionally, neo-classical economic theories were used to evaluate how rational actors would respond to law. Behavioural law and economics adopts a different approach, as it is based on common human characteristics identified through studies of behaviour. Behavioural economics is used to strengthen the predictive and analytical power of policymakers and economists to determine how people will respond to laws and regulations. In this unit, students will explore how law moderates behaviour, and how behavioural factors can be used to achieve legal outcomes, like deterring undesirable, or encouraging positive, behaviours. Beginning with a study of traditional economic principles and exploring traditional law and economic scholarship, students will gain insights into the differences offered by behavioural law and economics to aid in the development of meaningful legal interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe the importance of economics to the analysis of the law. [KS1.1, HO 2.1]
- Understand how behavioural economics principles are relevant to the analysis of the law. [KS1.1, HO2.1]
- Evaluate and describe how to improve regulation through an understanding of behavioural economics principles. [HO2.1, SE5.1]
- Communicate effectively; in writing and electronically. [PC3.1]Relates to: UG Business Capabilities: PC (3.1)
Content
The unit will cover historical and current developments in law and economics including the application of behavioural economics. Students will learn about and engage with the following key content areas:
- Law and economics development.
- Origins of the Australian legal system including Indigenous Australian perspectives.
- Regulation theory.
- Behavioural economics theories relevant to legal analysis of issues associated with technology, sustainability and other critical areas of study.
- The analysis of the law applying behavioural economics theories to case studies including digital practices and technologies, sustainability frameworks and safety legislation.
- Providing policy reform using behavioural economics theories and case students.
Learning Approaches
This unit will adopt a teaching and learning methodology that includes the presentation of the historical development of law and economics, provide an understanding of regulation theory and develop skills to conduct behavioural analysis of the law. A lecture/podcast format will be used to introduce the core principles, concepts and theories, and tutorials/workshops will be used to review and apply them to real world examples of regulation in Australia. These experiential activities will provide students with an opportunity to develop the skills to understand and make recommendations for appropriate regulatory reform. There are weekly exercises available for students along with a formative quiz early in the semester.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester, which may include:
- Informal: worked examples, such as verbal feedback in class, personal
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to whole class
Assessment
Overview
The assessment in this unit aims to support achievement of the learning objectives for both Discipline Knowledge and Other Graduate Capabilities. Assessment has been designed in order to allow students to:
- receive feedback on learning during progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate learning in order to achieve a final grade (summative assessment).
There are two assessment items:
- Assessment 1 covers learning content up to and including week 9 and is summative
- Assessment 2 covers learning content up to and including week 13 and is summative
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Policy Submission
Students will be given the challenge of critically analysing an introductory potential policy or regulation solution using behavioural law and economics theories. Students will identify and critically evaluate potential regulatory failures and provide recommendations. This assessment item will allow students to learn skills in writing policy submissions, to support them in their final assessment item in this unit.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1) KS (1.2) HO (2.1) PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Policy Submission
Students will be given the challenge of critically analysing a complex problem in society and pose a policy or regulation solution using behavioural law and economics theories. Building on the feedback provided in Assessment 1 students will identify and critically evaluate potential regulatory failures and provide recommendations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO3, Policy Submission, Policy Submission
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Policy Submission, Policy Submission
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Policy Submission
PC (3.1): Professional Communication (Written)
Relates to: ULO4, Policy Submission, Policy Submission
SE (5.1): Ethical and Legal Understanding
Relates to: ULO3, Policy Submission
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission
Unit Outline: Semester 2 2024, Online
| Unit code: | LLB150 |
|---|---|
| Credit points: | 12 |
Overview
Law and economics incorporates economic analysis to predict human responses in legal environments. Traditionally, neo-classical economic theories were used to evaluate how rational actors would respond to law. Behavioural law and economics adopts a different approach, as it is based on common human characteristics identified through studies of behaviour. Behavioural economics is used to strengthen the predictive and analytical power of policymakers and economists to determine how people will respond to laws and regulations. In this unit, students will explore how law moderates behaviour, and how behavioural factors can be used to achieve legal outcomes, like deterring undesirable, or encouraging positive, behaviours. Beginning with a study of traditional economic principles and exploring traditional law and economic scholarship, students will gain insights into the differences offered by behavioural law and economics to aid in the development of meaningful legal interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe the importance of economics to the analysis of the law. [KS1.1, HO 2.1]
- Understand how behavioural economics principles are relevant to the analysis of the law. [KS1.1, HO2.1]
- Evaluate and describe how to improve regulation through an understanding of behavioural economics principles. [HO2.1, SE5.1]
- Communicate effectively; in writing and electronically. [PC3.1]Relates to: UG Business Capabilities: PC (3.1)
Content
The unit will cover historical and current developments in law and economics including the application of behavioural economics. Students will learn about and engage with the following key content areas:
- Law and economics development.
- Origins of the Australian legal system including Indigenous Australian perspectives.
- Regulation theory.
- Behavioural economics theories relevant to legal analysis of issues associated with technology, sustainability and other critical areas of study.
- The analysis of the law applying behavioural economics theories to case studies including digital practices and technologies, sustainability frameworks and safety legislation.
- Providing policy reform using behavioural economics theories and case students.
Learning Approaches
This unit will adopt a teaching and learning methodology that includes the presentation of the historical development of law and economics, provide an understanding of regulation theory and develop skills to conduct behavioural analysis of the law. A lecture/podcast format will be used to introduce the core principles, concepts and theories, and tutorials/workshops will be used to review and apply them to real world examples of regulation in Australia. These experiential activities will provide students with an opportunity to develop the skills to understand and make recommendations for appropriate regulatory reform. There are weekly exercises available for students along with a formative quiz early in the semester.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester, which may include:
- Informal: worked examples, such as verbal feedback in class, personal
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to whole class
Assessment
Overview
The assessment in this unit aims to support achievement of the learning objectives for both Discipline Knowledge and Other Graduate Capabilities. Assessment has been designed in order to allow students to:
- receive feedback on learning during progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate learning in order to achieve a final grade (summative assessment).
There are two assessment items:
- Assessment 1 covers learning content up to and including week 9 and is summative
- Assessment 2 covers learning content up to and including week 13 and is summative
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Policy Submission
Students will be given the challenge of critically analysing an introductory potential policy or regulation solution using behavioural law and economics theories. Students will identify and critically evaluate potential regulatory failures and provide recommendations. This assessment item will allow students to learn skills in writing policy submissions, to support them in their final assessment item in this unit.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1) KS (1.2) HO (2.1) PC (3.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Policy Submission
Students will be given the challenge of critically analysing a complex problem in society and pose a policy or regulation solution using behavioural law and economics theories. Building on the feedback provided in Assessment 1 students will identify and critically evaluate potential regulatory failures and provide recommendations.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), PC (3.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO3, Policy Submission, Policy Submission
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Policy Submission, Policy Submission
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Policy Submission
PC (3.1): Professional Communication (Written)
Relates to: ULO4, Policy Submission, Policy Submission
SE (5.1): Ethical and Legal Understanding
Relates to: ULO3, Policy Submission
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Policy Submission, Policy Submission - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: Policy Submission - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, ULO3, Policy Submission, Policy Submission - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO4, Policy Submission, Policy Submission - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO3, Policy Submission