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What is Law and Economics?

The law and the economy interact in many ways.

Private law assists individuals and groups willing to enter into agreements in a free market. Public law seeks to correct the outcomes of a free market system by means of economic and social regulation.

Economists should be informed about the legal environment in which economic activities must be conducted. Lawyers should be aware of the economic effects of current legal rules and the expected outcome under a different legal regime.

Useful Links


American Law and Economics Association


American Law and Economics Association



Encyclopedia of Law and Economics



Encyclopedia of Law and Economics



Erasmus Law and Economics Review



Erasmus Law and Economics Review


European Association of Law and Economics



European Association of Law and Economics



European Doctorate in Law and Economics (EDLE)







Student Voices

"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]

EUA Joint Masters Programme


This project of the European University Association analysed the possibilities of joint degree programmes in Europe as innovative examples of inter-university cooperation and as pillars of the future European higher education development. EMLE was among the eleven programmes that were selected for this pilot project.

Accreditation by NVAO and ZEvA


In August 2004, the EMLE programme in Rotterdam and Ghent was accredited by the NVAO, the Dutch Flemish Accreditation Agency. The NVAO is the official agency in the Netherlands and Flanders to certify that a programme meets the quality criteria as formulated by the Dutch and Flemish government.
In February 2005 the EMLE programme in Hamburg was accredited by the ZEvA, the Central Accreditation Agency of the Federal State of Lower Saxony. The ZEvA is one of the official agencies in Germany to certify that a programme fulfils the national German quality standards set by the German Conference of the Ministers of Education.

Erasmus Mundus Masters Course

Erasmus Mundus Logo

The Erasmus Mundus programme is a co-operation and mobility programme in the field of higher education. It aims to enhance quality in European higher education and to promote intercultural understanding through co-operation with third countries. The programme is intended to strengthen European co-operation and international links in higher education by supporting high-quality European Masters Courses, by enabling students and visiting scholars from around the world to engage in postgraduate study at European universities, as well as by encouraging the outgoing mobility of European students and scholars towards third countries.