This course aims to provide a distinctive view of money as a legal institution. Taking a conceptual and historical stand-point, it builds towards an understanding of the distinctive legal status of digital currencies.
About this paper
| Paper title | Special Topic 10 |
|---|---|
| Subject | Law |
| EFTS | 0.1 |
| Points | 15 points |
| Teaching period | Summer School (On campus) |
| Domestic Tuition Fees ( NZD ) | $820.40 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- LAWS 204 and 96 further LAWS points
- Pre or Corequisite
- Any 200-level LAWS paper not already passed
- Limited to
- LLB, LLB(Hons)
- Contact
Professor David Fox
- More information link
- View more information on the Faculty of Law's website
- Teaching staff
To be confirmed the next time the paper is offered.
- Textbooks
- Course materials are provided.
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding, Ethics, Environmental literacy, Information literacy, Research, Self-motivation, Teamwork.
View more information about Otago's graduate attributes. - Learning Outcomes
The course covers six main topics.
- The legal institution of money, as distinct from economic definitions of money. The sovereign power of the state in the issue of legal tender money, and the legal relationships between state-issued currencies and privately-created money.
- A legal history of money in the civil law and common law traditions, and the place of the New Zealand monetary system in those traditions.
- Money as a kind of private property, including the treatment of money as fungible property, and of mixtures of money.
- The operation and legal effect of money payments.
- Some special problems in the tracing and proprietary recovery of money.
- The technical operation of digital currency systems through blockchain technology. The status of digital currencies in the law of property. The creation, operation and effect of central bank digital currency systems.
The specific outcomes of this course are:
- An understanding of the legal institution of money, as distinct from economic definitions of money.
- An understanding of the legal history of money in the civil law and common law traditions, and the place of the New Zealand monetary system in relation to them.
- An understanding of the analysis and status of money in the law of property.
- An understanding of the contemporary innovations in the use of digital currencies and their place in private law.