In most countries, criminal activity involving economic activity is punished with imprisonment and/or heavy penalties. The purpose of this article is to make economic activity more visible to students. Crime is often linked to economic activity and because of this, law enforcement takes steps to prevent and deter criminal activity. In many jurisdictions, there are mandatory sentencing provisions for violent and illegal conduct. In this class, students will be introduced to the concepts and theories of punishment and deterrence.
Economic crime is an umbrella term under which are several types of criminal offenses that fall under the broad umbrella of what are illegal economics. These include money laundering, bank fraud, tax evasion, bribery, kickbacks, asset forfeiture, piracy, fraud, money laundering, terrorism, embezzlement, homicide, and murder. As stated above, these are just some of the many crimes that fall into what are considered as economic crimes. There are also other types of crimes that are considered as economic crimes and they include:
III. Rent-to Own Economics. This is the practice of property rights management in a commercial enterprise such as restaurants, hotels, offices, shops, and banks. Rental to own is also known as rent to exchange and rent to buy.
III. Public Policy Economics. This is a branch of economics that analyzes and evaluates the impact of public policies on the performance of the economy. Students in public policy economic field study both domestic and international issues concerning public policy such as taxes, regulation of businesses, health care, labor, and trade.
IV. Monopoly Economics. This branch of economic theory is concerned with how production, distribution, and technology affect the operation of business. It explores the nature of rents, patents, and protective barriers to entry. In monopoly competition, there is a concentration of resources leading to an inefficient allocation of resources. Monopoly is closely related to economic planning, but in this case monopoly competition is a legal condition, not a structural feature of the economy.
Illegal economics as a course is usually taught in four units. The first unit is the introduction to the different economic theory and concepts. The second unit is research in selected areas of the selected topics. The third unit focuses on the application of the economic theory and concepts to specific problems in the real world.
IV. Economic Analysis and Policy. In IV. Economic Analysis and Policy, students learn economic concepts and methods through detailed research in selected economic issues.
IV. Macroeconomics. In IV. Macroeconomics, students learn macroeconomic concepts and analyze the effects of policy decisions on the national economy.