Business Law and Economics
Employers across the globe are looking to recruit multidisciplinary experts in compliance, governance, competition and regulatory issues. This programme will equip you with that expertise.
The MSc Business Law and Economics programme has been established by our Law School and Management School in response to growing demands from national and international employers for law and economics experts who can make informed choices in governance, competition and regulatory compliance issues increasingly facing firms in the international business environment.
During the programme, you will work on analysing and solving the economic and legal problems which many organisations encounter from increasing global competition and at times opposing and clashing regulatory demands emanating from the national, EU and transnational legal systems. The programme will also familiarise you with economic dynamics underlying the legal and management choices made by firms. Our programme is also sensitive to global justice issues caused by the increasing globalisation of business practices and the increasing competitive pressures facing businesses.
Upon graduation, you will be able to communicate and work collaboratively with others with a law, management and economics background in a professional environment generating synergies and new knowledge. As a result of your participation in the programme, you will also be able to put your theoretical law and economics knowledge into practice to test or to develop policies and strategies for firms, governmental bodies, NGOs and other types of organisations.
As the legal rules and practices are changing, successful careers within companies require legal knowledge, business awareness and management skills. These interdisciplinary skills are necessary for future business lawyers, compliance officers working within companies confronted by a rapid change of the legal environment (banking and insurance, network industries, new technologies), as well as consultants in economics and business.
You will normally need to have a Bachelor's degree (with Honours) at 2.1 level or better ideally in Economics, Finance, Management or Law from an internationally ranked university.
Alternative qualifications and all non-UK qualifications (which are considered equivalent to a UK honours degree) minimum of a 2.1 degree (or international equivalent)
Business Law and Economics (Semester 1)
It may be thought that the primary aim of legal rules is to achieve justice and fairness. However, individuals, and in particular businesses, make strategic legal choices in their activities involving, among others, contracts, property, civil liability and criminal law on the basis of the economic incentives they have. In turn, legislators might design laws and the courts might apply them in a certain way with the aim of creating incentives for businesses that will encourage or discourage certain types of behaviour. This interdisciplinary module will develop your understanding of law and legal institutions in the light of economic incentives. Co-taught by experts from law and economics, this module critically analyses the law through the lens of economics using several concepts and methods of microeconomics, including efficiency, externalities, information asymmetries and others.
The World Trade Organisation and International Investment Law (Semester 1)
This module analyses the rules underpinning the WTO trade regime and explores major critical perspectives on international investment law. You will develop an understanding of the institutional and normative foundations of international trade and investment law and evaluate global rules on trade between nations including the resolution of trade disputes and arbitration. The module also explores the conflict between trade and non-trade values, such as human rights and the environment.
Economics of Regulation (Semester 1)
This module looks at the principles of efficient market governance via regulatory mechanisms. The course will develop the microeconomics of regulation for different industries and introduce the foundations of the economics of competition policy. It also analyses the principles of consumer protection law and the role of criminal law in market regulation.
Law and Management (Semester 1)
This module provides an overview of the legal risks different sectors face and it identifies how an understanding of the interconnection between law and management can create value. A specific topic will focus on business ethics and corporate compliance.
European Trade Law (Semester 2)
This module focusses on the law of the European Single Market. It provides a thorough and critical grounding in the fundamental legal principles and policy concerns underpinning the European model of economic integration in areas particularly pertinent to businesses engaged in the Single Market. You will analyse matters such as fiscal and nonfiscal barriers to the free movement of goods and the free movement of services.
Economics of Business Litigation* (Semester 2)
Optional Economics Modules
This module studies the optimal strategies to resolve conflicts in business relations. Based on game theory, you will analyse the determinants of different mechanisms such as Judgment, Negotiation, Mediation and Arbitration.
Legal Institutions and Global Economic Development* (Semester 2)
Optional Economics Module
The module studies the relationship between legal institutions and economic development. Topics may include the role of legal origins, rights in property and contract, natural resources, political stability, governance/corruption, and positive rights. The module also includes a case study based on the World Bank “Doing Business program” and the “Index of Legal Uncertainty”.
Financial Services Law** (Semester 2)
Optional Law Modules
This module analyses the principles underlying the provision of increasingly complex financial products and services across the UK and the EU. Operating in a rapidly evolving area of law, the module will develop a critical understanding of the core features of financial services law, including the process of authorisation, conduct of business rules, and financial promotion whilst also considering ongoing efforts to reform financial services law. The module also explores the form and function of the criminal law interventions in this field addressing topics such as market manipulation.
Corporate Social Responsibility** (Semester 3)
Optional Law Module
This module explores the concept of corporate social responsibility in the international business arena with a focus on understanding the nature of binding forms of international law and ‘softlaw’ interventions as they impact upon businesses. This intersection of law and business will be explored in a variety of different external contexts, focussing on a range of issues ranging from business and human rights, businesses and environmental protection, businesses and consumer and health protection, or businesses and development, whilst also analysing internal aspects of corporate social responsibility such as corporate governance, accountability and whistleblowing, or business ethics.
Dissertation (Semester 3)
Fees cover the cost of your tuition, registration, examinations (but not re-sits) and graduation.
|Qualification||Study mode||Start month||Fee||Fee locale||Course duration|
|MSc||Full-time||£ 12,400 (Whole course)||Home/EU||1 Years|
|MSc||Full-time||£ 20,000 (Whole course)||International||1 Years|
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