Application for the Academic Year 2017/2018
EMLE's real impact on policymaking:
EMLE's real impact on policymaking:
EMLE alumni have contributed to a project by the European Commission, which had a tangible impact on EU policymaking.
On 21 December 2015, the Financial Times published the article "Brussels to crack down on cross-border postal prices”, describing how parcel delivery prices are inconsistent across EU borders and restrain trade in the internal market. A group of EMLE alumni, acting as consultants for the European Commission, have contributed to the dataset on which these findings are based.
Second Term 2015/2016
Second Term (January - March)
(Hamburg, Rotterdam, Ghent)
In this term, students earn 20 ECTS credits. All students must attend the same four fundamental courses. In addition, they must attend one specialized course, which depends on the term university. ECTS credits earned with each course are reported in brackets.
6. Contract Law and Economics (4 ECTS)
This course aims at giving students an overview of the most important insights from the economic analysis of contract law. Focus is, on the one hand, on contract theory and, on the other hand, on contracting failures (e.g., in consumer choice) calling for regulatory intervention. In addition, the course aims at providing a functional understanding of the spectrum of feasible contracts and of their use in legal practice, starting from discrete contracting, via relational contracts, up to the nexus of contracts in organizational hierarchies.
7. Property Law and Economics (4 ECTS)
The course explores the potential and the limits of an economic property rights approach to the law of property, as lawyers conceive it. It integrates the legal and the economic approach to ownership. The course illustrates costs and benefits of different ways to protect entitlements, namely through property rules, liability rules, rules of inalienability, and rules of non-protection. Applications range from traditional conflicts in using physical resources to intellectual property rights.
8. Corporate Law and Economics (4 ECTS)
In a corporate environment, principals and agents have many conflicts of interests. This course focuses on the various legal, contractual and extra-legal mechanisms available to protect (minority) shareholders and other stakeholders from the self-serving behaviour of managers and of controlling shareholders. In addition, the course illustrates how legal institutions address the problem of corporate financial distress and the related conflict of interests between shareholders, management and the different types of creditors.
9. Empirical Legal Studies (4 ECTS)
Modern Law & Economics is unthinkable without empirical tests. This course makes students familiar with the most important aspects of such tests from the design stage, to the collection of data to the actual estimate of simple econometric models. It is a "hands on" course including many practical exercises. Students of this course will learn to:
- Think creatively about research design
- Describe the data
- Run OLS regressions
- Interpret the data as it relates to causality
10.a. Law and Economics in the Courts – Rotterdam (4 ECTS)
This course is designed in order for the students to develop advanced skills concerning the enforcement of law. In particular, students will learn how to use economic arguments and economic evidence in real-life court cases. To this purpose, the course is organized in a 'moot court' format. Students must take the role of plaintiffs, defendants, and judges, and they are supposed to base their arguments and decisions on economic analysis of law. Course materials are adapted from real case law in different jurisdictions.
10.b. Environmental Law and Economics – Ghent (4 ECTS)
This course deals with the fundamental variables of environmental law, the goals and the tools of environmental policies, the most important criteria for their evaluation, cost-benefit analysis and the so-called “instrument theory”.
10.c. Economics of Constitutional and Administrative Law – Hamburg (4 ECTS)
In this course, selected problems of constitutional law and administrative law are analysed, with special focus on comparative and quantitative aspects.
"The opportunities afforded to me by the EMLE program were absolutely wonderful. The dual academic approaches of economic analysis and the legal reasoning means that you come out with policy and strategic understanding. The knowledge received by the EMLE program is encyclopaedic yet somehow profound enough to open many doors, professionally, and academically. I find myself better prepared than most to pursue my research here in Paris."
(United States of America)
[EMLE Student 2011/2012]