MAE266 - Black Market Economics: Exploring the Underworld of Illicit Trade


2024 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Online
Credit point(s): 1
EFTSL value: 0.125
Cohort rule:

For Business & Law students or for students in Bachelor of Criminology (including combined Criminology awards) or students undertaking the Criminology major in A310.





Incompatible with: Nil
Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Scheduled learning activities - campus

1 x 1 hour on-campus lecture (recordings provided) each week and 1 x 1 hour on-campus seminar (recordings provided) each week  

Scheduled learning activities - online

1 x 1 hour recorded lecture each week and 1 x 1 hour online seminar each week


Black Market Economics is an interdisciplinary unit that examines the economic principles that underpin the growth and ongoing development of black markets. Students will apply foundational economic concepts, such as supply and demand, cost structures, vertical supply chains and game theory to a range of black markets, including those for counterfeit goods, sex trafficking, and illicit drugs traded both via conventional trafficking routes and on the dark web. The unit concludes with a focus on the ways in which black markets and associated harms can be addressed by governments, from conventional law enforcement approaches and prohibition, through to decriminalisation and legalisation.   

Unit Fee Information

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