Application for the Academic Year 2018/2019
Dear prospective applicant,
The EMLE application is open for the Academic Year 2018-2019. The opening was slightly delayed this year, as we are busy with some important improvements for the next student intake: as of 2018-2019, the EMLE Programme will introduce the possibility of specializations in three EMLE tracks: 1) the Public and International Track, 2) the Innovation and Intellectual Property (IP) Track, and 3) the Markets, Corporations & Regulators (MCR) Track.
Also, our long-standing third term partner, the University of Haifa, will move to the first term EMLE education, in order to teach the foundations of Law and Economy education, next to the Universities of Hamburg and Rotterdam.
In the third term, we are happy to announce two important new EMLE partner Universities: the University Pompeu Fabra (UPF, Barcelona, Spain) and LUMSA (Rome, Italy). Please find an overview of the new EMLE structure, course descriptions and the general description of the new EMLE track system following the links.
We are looking forward to your applications for the EMLE Academic Year 2018-2019!
The EMLE Team
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 EMLE year was un unforgettable experience. Academically, it expanded my understanding of law and economics by offering a unique aproach to a broad range of legal issues using economic reasoning and public policy analysis. Personally, the privilege of earning a master's degree in different countries with a diverse group of students provided an interesting cultural opportunity to widen our horizons about the world."
Lucas Ataydes Leite Seabra
[EMLE Student 2009/2010]