An option for students of the Legal Studies Programme and the Economic Studies Programme in Bruges.
EU Competition Policy and Market Regulation
Interaction and interdependence between the disciplines of Economics and Law in the areas of competition policy and market regulation are frequent and multi-faceted. Lawyers profit from a knowledge of the economic impact of legal rules and economists benefit from an understanding of the institutional and legal framework in such areas as competition policy, regulation of network industries and risk regulation. Economic analysis of European law already contributes significantly to policy-making in the EU and has become a necessary component in several areas of case-law of the Union.
The ELEA option adds value to the current curricula of both lawyers and economists through a deeper knowledge and understanding of the other discipline. The purpose is not to transform lawyers into economists, or vice versa. The option enables them to ‘interconnect’ more easily, and will thus be directly useful for their later work in fields such as competition policy, EU regulation and liberalisation initiatives or network markets.
Why choose the ELEA option?
- As a law student, in order to gain a deeper insight into the economic underpinnings of European law. - As an economics student, in order to acquire a better understanding of legal concepts through a case-based approach. - Unique opportunity to closely interact with people from a different academic background and to apply a combined legal and economic approach towards highly topical issues in the areas of competition and regulation. - Students graduate in their respective department and receive a diploma supplement with the mention 'Option: European Law and Economic Analysis’.
Students follow the academic programme of the department in which they are enrolled, with the following modifications:
Before the start of the academic year, the ELEA students follow a two-week compulsory ‘intensive course’ in the other discipline: lawyers in economics, with an emphasis on micro-economics, and economists in European law. Economists will also follow a 10 hrs. introduction to legal methodology, taught by Prof. Laura Parret.
During the first semester
Joint course: Both law and economics students follow one joint compulsory course which provides them with the analytical tools required for European legal and economic analysis. This course, open only to ELEA students, is the course on "Law and Economics of Competition and Regulation" (30 h) taught by Prof. Tony Prosser and Prof. Adina Claici.
This course provides an introduction to the law and economics of competition and regulation, two topics which have long been central to the EU internal market and increasingly are of great significance in many other policy areas. As the subject is vast, the course will focus on a limited number of selected topics. The course aims to combine both legal and economic analysis, using both legal and economic material and raising issues which involve and cut across both law and economics.
Cross-over: Students must also follow one compulsory course in the other department:
Law students will follow 20 hrs. of the course on of Prof. Phedon Nicolaides.
Economics students will follow the first 20 hrs. of Prof. Philip Marsden's course 'Law of Competition in the EU. Due to this crossover economists will not have to follow the Law course in their Department of Prof. Bernard van de Walle-de Ghelcke, and lawyers will not have to follow the compulsory Law course on Institutions. In addition, lawyers and economists follow their departmental compulsory courses.
During the second semester
Joint seminars: Students follow a 50 hour joint compulsory seminar on legal and economic case analysis in the fields of European competition, network industries and regulation. This seminar, open only to ELEA students, will be given by Prof. Damien Gerard, Prof. Pierre Larouche, Prof. Phedon Nicolaides and Prof. Mike Walker. Pool system within each department: Two other optional courses/seminars must be followed within the department to which the student belongs, chosen from a defined pool of courses/seminars associated with the programme. In addition, lawyers and economists follow their departmental compulsory courses.