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.
Third Term 2015/2016
Third Term (April - July)
(Hamburg, Aix/Marseille, Vienna, Warsaw, Haifa, Mumbai)
In this term, students earn 20 ECTS credits divided as follows: 5 ECTS credits are earned by attending two complementary courses; 15 ECTS credits are earned writing a Master thesis in the form of a scientific paper of no more than 13.000 words on a specific subject in Economic Analysis of Law. Students are supposed to specialize in one Law and Economics subject area, which depends on the third-term university. In principle, supervision of Master theses is offered in the same area, although a variety of other topics is allowed. The areas of specialization are listed below, together with the related courses.
During the third term, a maximum of three well-performing EMLE students get the opportunity to go six to seven weeks to our Associate Partner, the Law and Economics Center at the University of California, Berkeley, USA. Students will be invited by us to apply shortly before the start of the second term. Only those students that already have a Master degree in Law, Economics, or Business can be accepted for Berkeley. Students are not solely chosen on their academic performance in the EMLE, but also on their motivation and CV.
The selected students will be officially hosted as ‘visiting researchers’ and will attend a seminar on law and economics. They will have to pay their own travel, accommodation and visa costs, but not the Campus/University/Law School Residence Fee. The visit to Berkeley will be acknowledged on the EMLE Diploma Supplement.
a. European and International Law and Economics (Hamburg) 5 ECTS
11.a. International Law and Economics
In this course, rational choice theory and game-theoretic models are applied to better understand the effects of Public International Law as well as how and why Public International Law comes about.
12.a. European Law and Economics
In this course, primary and secondary Community Law and ECJ case law are analysed from an economic point of view. The focus is on the four fundamental freedoms, i.e. the free movement of goods, persons, services, and capital.
b. Dynamic Approaches to Law and Economics (Aix-Marseille) 5 ECTS
11.b. A Dynamic Approach to Law and Economics
Law and Economics is traditionally based on general equilibrium analysis and Pareto optimality. This course investigates to what extent those tools are appropriate for understanding a world characterized by permanent changes. Do other tools exist? How would these tools be applied to contract law, property law and competition law?
12.b. New Trends in Law and Economics
This course illustrates the different directions in which the discipline of Law and Economics is likely to move in the near future. It focuses on how economic analysis of law has responded to the criticisms received since the early eighties, and what are nowadays the key debates and controversies.
c. Advanced Public Law and Economics (Vienna) 5 ECTS
11.c. Seminar on Recent Developments in the Economics of Public Law
This seminar focuses on the topical contributions in the international scholarship on Public Law and Economics, collected from the most prestigious research centres around the world. Under the teacher’s supervision, students are asked to review critically these contributions to the literature and to discuss the other students’ presentations in this regard. Presentations are also given by guest speakers.
12.c. Seminar on Regulatory Impact Assessment
This seminar is a tribute to the worldwide efforts to develop and apply a general economic framework for the assessment of existing regulations as well as for the design of future regulations. In the seminar, the contributions by renowned scholars from various research institutions are discussed together with the methodologies employed by governments, the European Union, and international organizations (e.g., the OECD).
d. Law and Economics of Transition (Warsaw) 5 ECTS
11.d. Public Law in Transformation
This course analyses public law in transition countries from an economic perspective. In the first part, the course offers a comparative analysis of constitutional law focussing on the economic analysis of constitutional design and the economic effects of constitutions (especially legislative process and separation of powers), as well as on transformation of the judicial system. In the second part, the course investigates the regulatory framework of financial and consumer markets, including central banking systems across transition countries. In the third part, the course focuses on cross-country analysis of institutions controlling the public sector (state audit) and on the privatization process.
12.d. Private Law in Transformation
This course illustrates the evolution of private law in transition countries and its economic consequences. The major areas of private law in transformation are discussed in this perspective, with special regard to company law, contract law, and property rights issues. In addition, the course will focus on comparative analysis of fiscal systems and secured transactions in post-soviet European countries. Finally, the course will address problems of bankruptcy and reorganization, as well as labour market regulations (especially legal aid and industrial relations).
e. Behavioural Law and Economics (Haifa) 5 ECTS
11.e. Introduction to Behavioural Analysis of Law
This course will introduce students to the new behavioural analysis of law. A behavioural approach to legal analysis asserts that the efficacy of the law depends on its understanding of relevant patterns of human behaviour. The behavioural approach differs from both neoclassical economic analysis and the traditional legal scholarship: from the former, in recognizing the decision-makers are neither strictly rational nor do they uniquely maximize their own utility; from the latter, in proposing an empirically based view of human behaviour as the foundation of relevant analyses. The course focuses on how this approach to human judgment and decision-making can inform the creation and modification of legal rules and institutions.
12.e. Research Colloquium in Behavioural and Economic Analysis of Law
This research colloquium is aimed at deepening students’ understanding of economic and behavioural analysis of law and at improving their ability to review critically the current studies in these fields. Every second class, scholars from around the world present their current research in Law and Economics. In the remaining classes, participants critically discuss the research presented in the previous class. Students are asked to give their written comments for each of the papers presented in the colloquium.
f. Law and Economics of Development (Mumbai) 5 ECTS
11.f. Law and Economics of Institutions
This course emphasizes the importance of both formal and informal institutions in influencing economic, legal and social development of countries. It encompasses a range of issues that include analysing the process of change and transformation in the economy as a function of the complex interaction between individuals and institutions as well as explaining the existence of political, legal, social and economic institutions as an equilibrium and efficient outcome. This framework is applied to specific topics such as corruption, corporate governance, and pandering.
12.f. Law and Economics of Development
This course deals with the basic notions of Development and Growth and the interface between legal institutions and the development process. A number of applications will be discussed, including most notably: the right to life issues such as poverty, inequality, vulnerability; Law and Economics of child labour, rural credit markets, tenancy contracts, land consolidation, migration and affirmative action; political economy of development (conflicts and decentralization); topical Indian development issues, such as farmer suicides.
"Having a background in Philosophy and Economics, I was very keen on deepening my knowledge of the legal environment of markets and the way it functions. EMLE was the perfect fit. As a program that employs the analytical and rigorous economic approach while at the same time paying tribute to legal complexities, EMLE is not only interesting and academically challenging but also seeks to develop its students 'practical understanding' of how the economy and legal sphere work. This combined with the instruction of leading scholars in the field and a motivated as well as a gracious international student body rounds out the program perfectly. Overall, this makes me feel well-prepared for my PhD studies in the area of the economics of international law."
[EMLE Student 2015/2016]