Law and Economics

The degree program in Law and Economics straddles the boundaries between the two subjects, studying the impact of legal regulations on human behavior. It aims to compare how a law works in practice with the effect originally intended by its makers in order to establish, for example, whether a legal norm is actually capable of achieving its objectives.

The degree program in Law and Economics closes the gap between a legal and an economic education, which are typically pursued separately. Combining the two adds significant value, especially since many day-to-day challenges—business management, coordinating social cooperation through contracts, protecting individual rights, resolving conflicts over distribution—require expertise in both disciplines in order to master them.

Law-focused courses give students an in-depth knowledge of the various core areas of law (civil, criminal, and public law) and teach them how to apply legal norms to specific situations in the context of expert legal opinions. These are supplemented by fundamental courses from the economics curriculum covering mathematics, data analysis, finance and microeconomics, while the bridging courses—which combine both disciplines—explain how to apply the methodology of economics to legal questions.

Possible lines of work:

Corporate legal departments, corporate legal consulting, consultancies (consulting for litigation strategies), contract and compliance management (optimization of contracts, conflict management), public administration, academia (teaching/research on universities, research institutions, etc.)