First Term 2018/2019
SYNOPSIS OF THE EMLE COURSES
First Term (October - December)
(Haifa, Hamburg, Rotterdam)
In this term, students earn 20 ECTS credits. All students are offered two introductory tutorials and they must attend the same five fundamental courses. ECTS credits earned with each course are reported in brackets.
Foundations of Law & Economics (4 ECTS)
Economic analysis of law investigates legal rules and enforcement from an efficiency perspective. The main purpose of this course is to equip students with the fundamental set of conceptual tools of microeconomics, which can be applied to different economic and regulatory problems. After dwelling into the analytics of consumers’ and producers’ choice, the course discusses the main market structures, risk and uncertainty, and market failures.
2. Introduction to Law (together with Microeconomics Foundation of Law & Economics, 4 ECTS)
This course provides a general introduction to the law and to the study of law. Students will become acquainted with the main fields of law: private law, criminal law, constitutional and administrative law. Specific attention will be paid to the basic differences between common law and civil law systems and to the relationship between national laws and European law. Besides the study and discussion of literature, students will train specific legal skills, such as the use of statutes, the analysis of judgments and the solution of legal cases. This course seeks to:
1. Harmonize levels of understanding of law among lawyers and economists in the EMLE programme
2. Facilitate among lawyers from various countries an understanding of basic legal concepts and doctrines across legal systems
3. Introduce both lawyers & economists to legal concepts and methods that are instrumental in the field of law and economics
3. Concepts and Methods of Law & Economics (4 ECTS)
This course offers an introduction to the basic concepts and methods of law and economics. It illustrates the broad utility of these tools by way of applications to the analysis of various core areas of law. This course does not aim to develop practical skills or new insights, but rather to show the broad utility of economic analysis of law. By combining examples from various areas of law, students will learn that the economic approach to law provides a unified vision of the law, tying together diverse areas of the law into a common theoretical structure.
4. Economic Analysis of Public Law (4 ECTS)
This course offers an introduction to the economic analysis of regulation, which is broadly interpreted as government intervention in market processes. The course illustrates the purposes of regulatory intervention from a welfare economics perspective, and it discusses the tension between public and private interest in regulatory choices. A special focus of this course is on issues of European regulation and on cost-benefit analysis.
5. Economics Analysis of Private Law (8 ECTS)
This double course aims at giving students an overview of the most important insights from the economic analysis of private law. It combines economic analysis of property law, tort law, and contract law. As far as property law is concerned, the course integrates the legal and the economic approach to ownership and illustrates costs and benefits of different ways to protect entitlements. As far as tort law is concerned, the course offers a comparative analysis of the legal principles from an economic perspective, particularly regarding the structure of liability, the damage compensation, and the insurance. As far as contract law is concerned, the course illustrates its goals and functions from an economic perspective. Moreover, it aims to provide a functional understanding of the spectrum of feasible contracts and of their use in legal practice.
"The EMLE program is a unique chance to broaden one's focus and to dive into interdisciplinary research. Having studied political science before, I wanted to learn more about the economic rationales behind the rules that are governing our everyday life as well as about the potentials to improve them. My expectations were more than fulfilled! With the new tools at hand I was able to start a Ph.D. program at the International Max Planck Research School for Competition and Innovation.
Apart from the outstanding academic quality of the program I cannot think of a better way to get to know energetic people from all around the world. Sitting in a Hamburg dorm and enjoying dinner in a 20sqm kitchen with friends from Italy, Russia, Mexico, Bangladesh, India, China, the Netherlands, Belgium, Brazil, Ireland, Israel, Taiwan and Argentina is what makes the EMLE program an experience of a lifetime."
Thimo Pascal Stoll
[EMLE Student 2008/2009]