In the Master’s program in Law and Economics, you will focus on the economic and legal aspects of market regulation (in banking, energy, telecom, transport, health care, etc.), private equity, hedge funds, competition and competition policy, corporate governance, and mergers. You will learn from an interdisciplinary team of legal experts and economists who enhance the challenging course content with both theory and real-world knowledge. The interdependence of economics and law is the prime focus of the program. As a graduate of this program, you will be uniquely prepared to bridge what is a common gap between these disciplines. You combine the joint goal of this program with one of the two distinctive tracks of Law and Economics. Find out more about the following tracks:
Growing Demand For Multidisciplinary Experts
Utrecht University’s Master of Law and Economics was established in response to growing demands from international employers for multidisciplinary experts in competition, regulatory issues, and governance. In the program, you will examine legal and managerial issues as well as the underlying economic theories behind such cases as:
- The European Commission’s imposition of a €1.47 billion fine on Philips for operating a cathode ray tube cartel.
- UPS’s withdrawal from a €5.16 billion deal with TNT Express after European regulators moved to block the acquisition.
- The European Commission’s investigation into the proposed acquisition of Dutch cable operator Ziggo by US-based Liberty Global.
- The adequacy of governance codes in addressing Rhineland vs. shareholder economies in the area of executive pay, amongst other things.
- The demise and subsequent bailouts of international banks by governments attempting to prevent financial system collapse.
- The relocation of financial headquarters, or the use of transfer prices, to avoid paying taxes, as was recently revealed by firms like Google, Starbucks, and the Rolling Stones.
Real Interaction Between Two Disciplines
If you have a law background (LLB), you will qualify for an LLM degree through this program, while an Economics background (BSc) typically qualifies you for an MSc in Law and Economics. Students from both (and other) backgrounds follow the same integrated program in order to foster a multidisciplinary setting right from the start. Utrecht University’s Law and Economics professors – recognized as leading academics in their fields – investigate European as well as international regulation and governance.
Focused On Both The Legal And Economic Perspectives
Through its interdisciplinary approach focused on market regulation from both the legal and economic perspectives, this Master’s program will equip you with a completely new perspective and toolset.
The curriculum will provide you with the academic knowledge, interdisciplinary understanding, and research and analytical skills required for either a professional or academic career at the intersection of economics and law (you can explore your career prospects here). You will also learn to communicate effectively with professionals from either discipline.
Upon graduation, you will be:
- Capable of conducting independent research in the areas of law and economics.
- Able to solve problems in the areas of law and economics, both independently and with others, while taking societal considerations into account.
- Apply legal and economic knowledge, theories and models for the testing or the development of policies of firms, organizations, or governmental bodies.
- Able to professionally collaborate with others in interdisciplinary teams while evaluating your own performances, and contribute to combining and generating new knowledge within the team.
Towards a Professional Career
Graduates of this program typically apply for positions in regulatory and competition law or corporate environments (such as consultancies or regulatory departments of multinationals). They also obtain positions at regulatory bodies (such as the European Commission, ECB or national banks), competition authorities (like the ACM in the Netherlands) and various other regulatory agencies. These positions may be at the national level or in European-level institutions, such as ACER or ESMA. Positions in government departments, such as the Ministries of Economic Affairs or Healthcare, are also possible. Some graduates develop as entrepreneurs in start-up companies. Those obtaining the LLM degree may also continue on either too large law firms with a strong corporate and competition law focus or to smaller firms specializing in competition law and regulatory law. LLM students will obtain the Dutch civil effect qualification (when Bachelor requirements are met), meaning that they qualify for the professions of both judge and lawyer. Graduates also have continued in academia, either as lecturers or as Ph.D. candidates.
Possible Professional Careers
Law & Economics graduates typically find positions in industry, legal and economic consulting, and government agencies. In the public domain, typical jobs would be found within competition authorities and merger control departments.
After completing this degree program, you will have the skills and education necessary to work as:
- Compliance Officer in industry, which implies a responsibility for running the legal and compliance department of a firm.
- Mergers & Acquisitions consultant, with responsibility for dealing with competition authorities.
- Deal broker, with responsibility for matching acquiring firms with targets, both in a legal and an economic sense, while taking special responsibility for the quality of covenants.
- Researcher: You’ll acquire the skills and training to conduct further research either at a university or at a research institute (NGO, commercial research office, etc.).