MTM Congres 13 feb C-67

Once a student has been accepted, there are many questions that often come up, including how to best prepare oneself for the programme, what specific immigration rules exist for the various countries, what the range of living costs are in the different cities, and what are the rules and regulations regarding the thesis.

These questions should be answered within the pages of this section, preparing future EMLE students for their exciting and challenging year.

Programme Preparation


Regularly check your email once you have been admitted to EMLE, also during the summer. You will receive several emails containing information and asking you to do certain things. You will be given an email address. From then on, all communication will go through this email address, so make sure to check this.

No matter what your first term university is, all EMLE students will be registered at Erasmus University Rotterdam as well. You will also receive an email address from EUR. Make sure the check this mailbox as well, since registration at EUR will go through this. The login (ERNA) credentials you receive from EUR are also important to make use of their online facilities.


Not all universities offer accommodation to incoming students. In most cities, you will have to find housing yourself. You will be contacted about this over the summer. If your university does not provide housing, start looking for accommodation in time. In some cities it can be very difficult to find housing last minute.

Typically the following universities offer dorms, but we cannot guarantee that they do so every year:

  • Aix-en-Provence: contact around January
  • Ghent: contact around September-October, click here for more information
  • Haifa: limited number available so order as soon as possible
  • Hamburg: only first and second term
  • Mumbai
  • Warsaw
  • Rome: click here and here for more information


If necessary, you will be timely contacted about how to obtain a visa. Please follow all instructions you receive closely and promptly, as to avoid that you do not have a visa when the first term starts. Some visa procedures are more difficult or take much longer than you would expect.

Visa process

Immigration rules:

– Rome

Living Costs

The cost of living can vary quite a bit between partner universities. To get an impression of the cost of living at your allocations, please click here.

Information about allocation

In March you will receive an email about the status of your application. If you have been accepted and you confirm that you will join EMLE, we will after a few weeks follow up regarding where we have allocated you. With paying the first installment, you accept your spot and these allocations. Later on, it is possible to request a reallocation for the first two terms. In December you will also be able to request reallocation for the third term.

For the academic calendar, please click here.

First Term

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.

1. Microeconomics (together with Introduction to Law 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 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.

Second Term

Second Term

(Hamburg, Rotterdam, Ghent)

In this term, students earn 20 ECTS. All students must attend the same three fundamental courses at the second term University. In addition they will attend two additional specialized courses defined by the choice of a certain EMLE track, taught at the respective second term locations: the Public and International Track (Hamburg), Innovation and Intellectual Property Track (Ghent) or the Markets,

Corporations and Regulators Track (Rotterdam). Each second term University will have two specialized courses that all students will attend, which will be followed by more specialized courses in the same track in the third term.

6. Empirical Legal Studies (4 ECTS)

Modern law and 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 dataRun OLS regressions, Interpret the data as it relates to causality

7. Corporate Governance & Finance (4 ECTS)

Economic efficiency may be undermined by misallocation of financial resources. This course discusses corporate law and financial regulation from the perspective of the correction of financial markets failure. The 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. Moreover, the course addresses the problem of financial distress and its consequences for the financing of private and public enterprises, as well as for financial stability.

8. Competition Law & Economics (4 ECTS)

Competition policy (also called “antitrust policy”) is a term used broadly to describe intervention by public authorities to ensure competition in markets for goods and services. This course aims at making students familiar with the application of economic arguments in European competition law. Comparisons with U.S. antitrust law are included where appropriate for a better understanding of cases and the implications of legislation and court rulings on economic efficiency.

9. A) Economic Analysis of Constitutions (4 ECTS, Hamburg)

This course aims at providing students an overview of the fast growing field of constitutional law & economics. After laying the groundwork (why an economic theory of the constitution? What concepts of the constitution are used ? and useful?), it delves into the normative analysis of constitutions (Rawls, Buchanan). The main focus is, however, on positive issues. These can be separated into the (economic) effects of constitutions on the one hand and the determinants of constitutions on the other. The effects of a number of constitutional rules such as the form of government, the electoral system, and the use of direct democracy will be analyzed. After having shown that constitutions can have far-reaching effects, the course asks how the differences between constitutions can be explained. The course closes with a discussion of open questions such as the gap between de jure constitutional rules and their actual implementation. Throughout this course, comparative and quantitative analyses will occupy center stage.

B) Economics Analysis of Intellectual Property (4 ECTS, Ghent)

This course will introduce students to the intersection between intellectual property law and economics. Topics range from the economic justification of intellectual property law, the enforcement of intellectual property, the political economy of intellectual property protection, as well as empirical studies of the effects of intellectual property rights on incentives and the level of creativity and innovation in society. The course will focus on copyright law, patent law, trademark law, and trade secrets.

C) Markets, Corporation and Regulators Moot Court (4 ECTS, Rotterdam)

This course is designed to provide students with advanced skills on the enforcement of law in the field of regulation of markets. In particular, students learn how to use economic arguments and economic evidence in real-life cases in courts and/or regulatory agencies. The course is organized in a moot court format. Students must take the role of plaintiffs, defendants, regulators or regulatees. They are supposed to base their arguments and decisions, both orally and in writing, on economic analysis of law. The topics, which are reviewed yearly, include inter alia competition law, product liability, mergers and acquisitions, financial and consumer law.

10. A) Economic Analysis of International Law (4 ECTS, Hamburg)

The economic analysis of international law is a relatively young area of Law & Economics. Many exciting questions have been posed but few have been answered convincingly. The course begins by formulating a number of essential questions with regard to central issues of international law from an economic point of view. The course deals with the sources of international law as well as the role of international organizations in its implementation. It also discusses the relevance of domestic institutions for the implementation of international law. A large chunk of the course is devoted to analyze specific areas of international law (such as investment, trade, but also human rights and refugee law) from an economic point of view.

B) Advanced Contract Law & Economics (4 ECTS, Ghent)

This course discusses advanced topics in contract law and economics with a focus on contexts of innovation and creativity. Through the lens of principal-agent-theory, we examine topics such as the function of contracts in innovative relations, contract design of venture capitalists, problems of crowdfunding, and the interaction of incentive schemes and creative output. A sound understanding of basic game-theoretic concepts of economic theory of contracts is a strongly suggested prerequisite for this course. While economic theory will be the methodological focus, the course accounts for insights from behavioral and experimental economics where appropriate.

C) Advanced Economics of Regulation (4 ECTS, Rotterdam)

This course aims to provide students with specialized knowledge in topical fields of economic and social regulation, including applications of competition policy to specific industries. To this purpose, the course supports guest lectures by field experts, who are either academics or professionals with a law and economics background, or both. Students are supposed to be already familiar with the methodology of economic analysis of regulation in order to bring the discussion to a more advanced level. This course prepares the students to use their skills both scientifically and in policymaking. The contents of the course are updated yearly. The topics include inter alia regulation of liberal professions, public utilities, environmental regulations and recent developments in competition policy.

Third Term

Third Term

(Hamburg, Aix/Marseille, Vienna, Warsaw, Mumbai, Rome, Barcelona)

In this term, students earn 20 ECTS divided as follows: 5 ECTS are earned by attending two complementary courses, following the track system they chose with their second term location; 15 ECTS are earned writing a Master thesis in the form of a scientific paper of now more than 13,000 words on a specific subject in Economic Analysis of Law. Students are supposed to specialize in one area of Law and Economics, which depends on the third term location and track chosen.

Legal Framework for the Digital Economy (Aix)

The course aims at providing a thorough and rigorous analysis of the legal issues that follow from the deep effects that the Internet and digital technologies have (i) on the structure of existing markets, (ii) on the creation of new markets, and (iii) on the strategies that economic agents (firms, consumers and regulators) deploy on these various markets. The tools of the theory of industrial organization are used to understand a wide array of online market phenomena, including multi-sided platforms, impacts of ?big data? (targeted advertising and pricing, recommendation systems, privacy), net neutrality and online business models. The course makes use of case studies to make parallels between theory and reality. At the end of the course, students should be able to (i) master an array of specific concepts from the theory of industrial organization, so as (ii) to understand how the Internet affects the working of markets, (iii) as well as the strategies implemented by firms, consumers and regulators on these markets, and (iv) to apply these theoretical concepts to inform public policy.

Competition Law For New Business Models (Aix)

The course will first establish, via real life examples, that the production of goods and services is more than ever best characterized as a discovery process driven by an entrepreneurial spirit that constantly shifts the lines of the pre-existing markets and, as a matter of fact, invents new ways of developing profitable businesses (Google, Facebook, Smart phones, Block chains, etc). Starting from this analysis, the course will explore the relevance of the traditional concept of competition law (e.g. monopoly?s dead weight losses, SSNIP test or essential facility doctrine for a platform business) and their recent evolution. The course will also re-examine the articulation between, on one hand, ex ante regulation and, on the other hand, ex post correction via competition law in this new market environment. Finally, the role of intellectual property rights and their connection with the dynamic efficiency of markets will be investigated.

Law and Economics of Innovation (Barcelona)

The course provides a general overview of the problems arising from the interaction between technology and the law. The general economic analysis of contracts, torts and property will be applied to the challenges posed by smart contracts, algorithm contracts, self-driving contracts, the interaction between big data and competition law, the internet of things and the application of products liability and insurance to fully automated devices. Sharing and collaborative economy formulas will also be analyzed in the course.

Advanced course on Intellectual Property (Barcelona)

The course focuses on the specific issues that the internet poses to the traditional law and governance of intellectual property rights. From an economic perspective, the course deals with the impact of information technologies on intellectual property law regimes, collaborative creativity on the internet and other forms of shared innovations, digital exhaustion and challenges to the enforcement of intellectual property rights and to the application of traditional remedies. The course also deals with the legal and economic rationales behind specific remedies such as disgorgement of profits. The law and economics of technical protection measures and the impact of blockchain technology will also be analysed.

European Integration (European Union Law & Economics) (Hamburg)

This course is devoted to an economic analysis of EU integration. We shall evaluate the case for economic integration in fields such as free movement of goods, free movement of workers, freedom of establishment, free movement of services and of capital. Understanding the legal framework and the lawmaking process is crucial for a complete picture of the EU. The course will also consider the economics of the Euro as a single currency, the design of the Eurozone, and the consequences of the financial crisis.

EA of International Trade & Investment Law (Advanced Issues in the Economics of International Law) (Hamburg)

This course aims at enabling students to carry out the economic analysis of specific aspects of international law autonomously and independently. This promises to be an intellectual challenge as the economic analysis of international law is still in its infancy. An important criterion for the choice of the concrete subject of the course is the timeliness of the topic. Possible topics include ? but are not limited to ? investment and trade, the economic analysis of international refugee law, or the economic analysis of counterterrorism measures.

L&E of Development: Foundations (Mumbai)

The course introduces students to fundamental development problems, issues faced by developing nations, debates on the relationship between law and (economic) development and exposes them to the diversity of international experience regarding legal interventions to promote development. It hopes to encourage students to go beyond multi-country/period statistical analyses and study the interface between law and economy as if both space and time, i.e., the historical context, mattered and appreciate the mutually constitute relationship between law, legal institutions, and economy. The course begins with an introduction to various economic perspectives on the relationship between law and development and then gradually complicates the narrative by bringing in multidisciplinary critiques, historical studies, and case studies on recent law and development interventions across the world.

L&E of Development: Institutions (Mumbai)

This course is designed to expose the student to fundamental theoretical perspectives and empirical research that have developed over the years to study the emergence and functions of institutions, with special emphasis placed on law as an institution. Insights gained in the course will be helpful in understanding the role of institutions in development, and in analyzing the process of economic change.

Experimental Approaches to Law Making and Regulation (Rome)

Students will start with learning the foundations of experimental methodology both in the lab and in the field, including some basic techniques for designing software and for analyzing the experimental data. Students will cover a selective list of experimental evidences supporting major findings of the standard L&E literature (that may include property, tort, contracts and crime as well as to the topics of consumer choice and behavioral regulation). Students will learn how to design and implement robust tests of regulatory reforms proposals through randomized control trials techniques.

Better Regulation (Rome)

Students will approach all stages of the regulatory process, from rulemaking to institutional framework and enforcement, and they will acquire tools to improve the flow and the stock of regulation used at national, European and international level. Students will also familiarize with a large body of evidence from cognitive sciences that is relevant to regulation and will discover how it is being currently used in the regulatory process. Another learning goal concerns the analysis of the impact of cognitive sciences on the regulatory toolkit.

Cases in Competition L&E (Vienna)

This seminar is for master students and covers selected topics in competition law and economics. We start with basic game theoretical models explaining market behavior in monopolies and oligopolies. We then discuss methods applied in antitrust cases as market definition, assessment of market power, evaluation of mergers and calculation of cartel damages. Students will present related competition cases and write a term paper. The aim of this seminar is to expand students’ knowledge of advances in the field of competition economics at the master level. A particular emphasis is put on empirical applications and the discussion and presentation of cases. This course provides lectures on the basic game theoretic models as well as on the empirical implantation of these models and their applications. By presenting case studies, students will learn how to apply the theoretical and the econometric models to real world situations.

Enforcement of Competition Law: Dispute Resolution & Procedure (Vienna)

The course deals with the enforcement of competition law in a twofold manner. On the one hand, itdiscusses the current EU-framework, the relevant case law and pertinent policy proposals and, on the other hand, it relates this competition-law specific policy approach to the general analysis of the respective topics (torts, criminal law, law enforcement, procedure).The seminar is held in English. This seminar aims at providing students with a research/literature-based analysis of advanced issues regarding the enforcement of competition law in the broad sense.The seminar also aims at increasing the students´ employability in economic consulting firms, in law firms, and in other specialized units (such as competition authorities) in the area of competition law.

International Corp. Governance (Warsaw)

The aim of the course is to present the interdisciplinary concept of corporate governance by analyzing institutions and mechanisms of corporation supervision as well as institutions and mechanisms ensuring management accountability from international perspective. In different economic systems, different mechanisms and institutions of management supervision have emerged. Hence, the course takes the systemic view of the governance structures found around the world. A systems view tries to discover the ?internal logic? of a set of corporate governance mechanisms and institutions – how well do the components fit together? After the course students are capable of blocks building of corporate governance system as well as know the corporate governance mechanisms and their appropriateness of an entire system.

Financial Markets and Regulators ( Warsaw)

Students will become familiar with a mosaic system of domestic and international supervision over the financial market from the EU perspective. They will be informed about the difference between microprudential and macroprudential supervision. The European Union has been active within the financial sector, in particular after the financial crises of 2009. Students will learn about institutions involved in the European supervision, e.g. European Central Bank as well as they will be taught about various regulations over financial market.

Students should begin to think about potential thesis topics as early as possible.

They may begin working on the thesis once the title has been agreed on at the Midterm Meeting.

All students will be assigned a supervisor and an external examiner to grade the thesis. The supervisor will be a member of staff at the third term university who is available to guide the students in writing their thesis. Moreover, most third term universities offer thesis seminars in which the students are required to present their ideas for the thesis and to discuss them with their fellow students. The names and contact details of the supervisors will be published in due course.

It is important to point out the relative weight of the thesis. Each of the markers can award a maximum of 30 points, which means that the thesis counts as much as six term exams.

The procedure for evaluating the thesis is detailed in § 6 of the programme regulations.

Before you start working on the thesis, please read thoroughly the Thesis Guide, which you can find under the Official Documents. This manual is full of essential information for writing the thesis, such as contents, structure, and submission rules.

Each year, the author of the best thesis is awarded a cash prize. Below you may find some of the best theses of the last few years.

It has unfortunately become necessary to issue a very severe warning against the offence of plagiarism in the thesis. Please see the EMLE Board Decision on Plagiarism.

To illustrate which topics are in the realm of possibilities, please have a look at the list of thesis titles from the years 2016-17 until 2018-19 here.

A selection of some of the best theses in recent years

Each year in mid-February all students of the current academic year and scholars from the partner universities come together in Ghent, Rotterdam or Hamburg to discuss topics of Law & Economics and the future of the programme. The EMLE Midterm Meeting attracts one of the largest groups of Law & Economics scholars in Europe and is guaranteed to be a great experience, both academically and socially.

The Midterm Meeting takes place on a Thursday and Friday. The meeting starts with the ‘Thesis Meeting’. During the ‘Thesis Meeting’ the students discuss their ideas for a Master Thesis with the third term coordinators and faculty. Thesis titles and supervisors are agreed upon.

Friday is dedicated to a one-day symposium where papers by scholars from the partner universities and other experts are presented and discussed. The symposium provides vivid insights into current research topics in Law & Economics and proves to be a stimulating experience for all those interested in this field.

It has become a tradition to invite the student who in the previous academic year wrote the best thesis to present his or her work at the symposium.

Update this paragraph about the midterm meeting in the student section:

The symposium culminates in an invited lecture by a distinguished scholar of Law & Economics. For example, the lecture was given by Professor Robert Cooter from the University of California, Berkeley in 1995 and again in 1996, by Professor Lucien A. Bebchuk from Harvard University in 2001, and by Professor Mark Grady from George Mason University in 2003, Prof. emer. Thomas Ulen from the University of Illinois at Urbana-Champaign in 2012 and Prof. emer. Hans-Bernd Schaefer from Bucerius Law School in 2014. In the evening all participants enjoy the conference dinner, which is among the highlights of the meeting.