Law and Economics Education in Europe
European Masters in Law and Economics (EMLE) or European Doctorate in Law and Economics (EDLE)
The EMLE is a one year LLM or MSc in which one can study at two or three universities in Europe (incl UK). All teaching and assessment is in English. In the first two terms seminars are available in the same basic law and economics subjects at all the participating universities. In the third term one completes a thesis and attends one or two seminars which differ from university to university. In the October term, one studies at Rotterdam, Hamburg or Bologna. In the January term at Ghent, Hamburg or Bologna. In the May term, seminars and supervision are offered in Aix-en-Provence, Bologna, Hamburg, Manchester, Rotterdam, Warsaw and Vienna. It is also possible to study in Haifa or Mumbai for the May term. The exact degree received depends on the university attended in the third term. The programme is explained at http://www.emle.org/. It is possible to proceed to a PhD based at Hamburg or Bologna with some study at the other of the two.
EDLE is an excellence programme sponsored by the European Commission under the Erasmus Mundus scheme. It offers the unique opportunity to study Law and Economics on a PhD-level in (at least) three different countries. The programme prepares economists and lawyers of high promise for an academic career in a research field of growing importance or for responsible positions in government, research organizations and international consulting groups. Admission to the programme is open to applicants with a diploma or a bachelor and master degree in law or economics, or a comparable university degree (second cycle qualification). If you are taking part in the current EMLE programme, you can also already apply to the EDLE.
Generous scholarships for New Zealanders for both the EMLE and the EDLE are available through the Erasmus Mundus scheme.
Sally Wyatt, LEANZ Committee Member and Senior Economist at Sapere Research Group, completed the EMLE programme in 2008/09. Questions about the programme can be directed to Sally at firstname.lastname@example.org .
College of Europe at Bruges, Belgium
Good working knowledge of French required, language brushing up available. Offers a one year, three term, LLM in EU law and MAs in economics, politics, and international relations. Given the nature of EU law, both the law and economics syllabuses are quite 'law and economics' oriented but LLM and MA(Econ) students can opt for a 'law and economics' specialisation. The course follows the common European pattern of two terms of seminars followed by a third term of dissertation writing. All students take some interdisciplinary seminars, mainly in the first term. 'Law and economics' students take papers from the law and economics syllabuses together with special joint seminars. EU citizens can apply via a national selection committee, otherwise one applies directly to the College. Alberto Costi at VUW law faculty is a graduate of the College. By tradition the College is the breeding ground for future top EU public servants and is said to have a freemason-like alumni association!
College of Europe, Natolin, Warsaw
Good working knowledge of French required, language brushing up available. The College of Europe Natolin campus teaches a one year, two semester, MA. The first semester all students follow a common multidisciplinary course in the law, economics, politics and history of european integration. In the second semester students choose one of five special topics, all of which have some law and economics content, but the topic The Single Market has an entirely law and economics syllabus. Admission as per Bruges.
European University Institute, Florence
Working knowledge of a second EU language required, language training available. The EUI is primarily a research institution offering PhDs in politics, law, economics and history. The law department also offers a one year, three term, LLM. Unlike the College of Europe, it is not focused on the exposition of EU law but has a more general and comparative approach. The focus has recently become very much on private law, regulation and law and economics. The first two terms of the LLM are spent taking a research seminar, an advanced course and three other seminars and the third term spent on writing a dissertation. Of the four advanced courses on offer this year, one is a law and economics course and so are several of the seminars. There are also research and working groups which LLM students can attend, including a working group on law and economics. All teaching is in English but students are required to complete at least one assessed item (which may be a literature review) in another EU language. Andrew Butler of Russell McVeagh is a graduate of the EUI.
University of Frankfurt
A highly practice-oriented LLM. The Institute for Law and Finance at the University of Frankfurt offers an LLM which includes economic, financial and practical business angles. The focus is on financial regulation, but with a deliberately international and principled approach, not an EU slant. Some economics and finance papers must be taken and economic analysis is built in to the law papers. All teaching is in English but a two month internship must be completed in one of the international organizations, German organizations or a law firm in Frankfurt.
Bucerius Law School, Hamburg
Offers a one year LLM in law and business which includes law, economics and finance papers.
Utrecht University, Netherlands
Offers an LLM in Law and Economics consisting of a paper on Law and Economics theory, a microeconomics paper and electives in competition law, business regulation, international trade etc. This is a state-subsidised course and so fees, even for non-EU students, are lower than for the LLM in Global Business Law, which is law and economics oriented, and there are opportunities for fee waivers and grants in some circumstances.
World Trade Institute, University of Berne, Switzerland
The Institute teaches a one year Master of International Law and Economics (MILE) which is of unusual structure. All students follow the same course of seminars for three terms and then have three months in which to write a thesis. The seminar courses are in weekly modules following a logical progression starting with modules in microeconomics and in international law and then moving on to more detailed aspects of international trade regulation. The institute itself cannot offer progression to doctorate level but one can move into other departments of the university after the MILE. A feature of the weekly module system is that practitioners, professionals and others can attend individual modules and so a wide range of people may be met at various times. The Institute offers other short courses and international forums, a five week summer school and a distance learning diploma which requires one week of attendance at the Institute.
Sadeq Bigdeli, of Waikato University's Faculty of Law, was a PhD candidate at the World Trade Institute. Questions about this programme can be directed to him at email@example.com.
Central European University, Budapest
This is an American style post-graduate university dedicated to the process of creating open societies in the former communist bloc. The department of law and the department of economics offer a 10 month masters degree course in Economic and Legal Studies, which can be awarded as an LLM or as an MA depending on the student's academic background. Seminars are taken in each of the two departments and a dissertation is completed. The course is designed for lawyers with little previous economics and economists with little previous law, so conjoint graduates would be at an advantage and be able to move straight into the more sophisticated economic and comparative legal papers. The student body is very international, no one national group predominates. Progress to SJD or PhD is possible and some LLM/MA students can be seconded to other universities to complete their dissertations.
University of Dundee
The Centre for Energy, Petroleum and Mineral Law and Policy offers LLM and PhD degrees by research thesis in its areas of environmental and natural resource law and encourages interdisciplinary approaches. This law school is very small by international standards, about the size of Canterbury but is of course located at a centre of activity in the energy and petroleum industries.
University College, LondonUCL offers an LLM with a specialisation in Law and Economics. The syllabus is heavily competition law and policy oriented, although there are some wider papers. A quarter of the LLM is accounted for a disstertation in the area of one of the papers. To obtain the law and economics specialisation, half the papers taken must come from the law and economis core list and half the remainder from the law and economics core list or additional list.
The law faculty offers two relevant degrees, the BCL and (in conjunction with the Said Business School) an MSc in Law and Finance for graduates in law. The syllabus of the MSc consists of a core paper "Law and Economics of Corporate Transactions', two BCL papers chosen from the corporate and regulatory areas, which are taught through the year and classes in micro-economics and finance which start at a basic level and progress to more specialised material. Progress to MPhil is possible by completing a one year thesis after the MSc or to DPhil for a 3 year thesis.
The BCL now offers a paper taught by the law and economics staff "Principles of Financial Regulation" and a substatial number of papers in law and economics issues, competition law, property rights and so on, so that one can create a law and econoimcs oriented BCL. After the BCL a one year extension to obtain an MPhil by thesis is possible. Professor John Armour who runs the MSc in law and finance is also interested to supervise students taking research degress in law and economics.