Select and justify appropriate economic theories for analysing the issue. Identify alternative economic policies for achieving the policy object if appropriate.

Application of economics in a legal environment

Study and show how economics applied to competition law, consumer law, property law, as well as the economics behind penalties and damages.

1. Specify a microeconomic policy issue

2. Select and justify appropriate economic theories for analysing the issue

3. Specify benefits and costs expected to result from the policy intervention

4. Identify alternative economic policies for achieving the policy object if appropriate.