This programme offers a unique opportunity for interdisciplinary studies of law and economics. It provides students with an advanced understanding of the economic effects of divergent laws. For Law students knowledge of the specific regulations of their home country is too narrow a base for counseling firms active in interstate trade. Additionally, knowledge of the economic effects of legal rules has become indispensable for understanding their clients' commercial needs.
Similarly, Economics students will profit from an accurate understanding of the institutional legal framework of market economies. Hence, for both lawyers and economists, knowledge of the other discipline and international contacts are crucial for a successful future career.
Borders in Europe are becoming less and less meaningful. For law studies, internationalisation creates a specific problem. The legal systems in the different European countries became increasingly divergent due to the increasing importance of specific regulations regarding areas such as social security, industrial policy, protection of the environment, equal treatment of minority groups etc. The economic analysis of law, often briefly called 'law and economics', is certainly a good candidate as a standard for relevant comparison of law. Economics should be able to develop thoroughgoing and systematic insights into law, on the explanatory as well as on the normative level. The Law and Economics programme allows students to compare the legal institutions of their country and to evaluate them on the basis of a solid analytical framework in the hope for a new European 'ius commune' in which insights of Law and Economics are to play an important role.