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Law and Economics

Postgraduate Diploma ( 1 year Full-time )


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Applications are now open for 2018 entry and will close 5 September 2018.

The Law and Economics Postgraduate Diploma programme is a joint programme offered by the Centre for Commercial Law Studies and the School of Economics and Finance at Queen Mary University of London. It is intended to give professional postgraduate training to students wishing to pursue and advance careers in the City, Government or elsewhere in the private sector.

The programme brings the latest advances of applied research and is specifically designed to impart a thorough knowledge of market-based economics and law.

It designed to include two compulsory two half taught modules in Law and Economics and one elective module in Economics. The main objective of the electives is for you to have the flexibility to tailor the course curriculum to their specific needs and career choices.

Similar to the existing LLM in Law and Economics programme and the new Certificate in Law and Economics programme, this course is presented with a fully integrated careers programme and extensive industry links that aim to maximise your employment prospects.

This programme will:

Enhance your career options by giving you a clear understanding of the fundamentals of Law and Economics.

Provide you with the theory, knowledge, practical skills and latest developments required to work in both emerging and established economies in legal, banking, financial, governmental or research institutions.

Give you the chance to meet leading practitioners in banking, finance and law.

Institute of Global Law, Economics and Finance

The Institute for Global Law, Economics and Finance (IGLEF) at Queen Mary is a forum for stimulating and conducting interdisciplinary research and disseminating knowledge on the areas of law, economics and finance.

Why study your Postgraduate Diploma in Law and Economics at Queen Mary?

The School of Law is firmly established as a centre of national and international excellence in legal studies and research, with leading academics in the field of banking, finance, regulation, insolvency, international commercial law and insurance law, including Professors Rosa Lastra, Philip Rawlings, George Walker, Rodrigo Olivares-Caminal, Dr Leon Vinokur and Dr Ioannis Kokkoris.

The School of Economics and Finance is one of the top economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics including Professors Francis Breedon, Emmanuel Guerre, Marco Manacorda and Xavier Mateos-Planas.

High profile guest lecturers teaching on the courses have included Sean Hagan, General Counsel and Director of the Legal Department at the International Monetary Fund (IMF), Graham Nicholson, Chief Legal Advisor, Bank of England, Mr Lee Buchheit, Partner, Cleary Gottlieb Steen & Hamilton LLP, USA.

You will have access to an unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.

Hui Zheng, Allen & Overy, gave a guest lecture on this programme. He said:

“Mastering the complexities of economics and finance is essential for anyone intending to become an effective international corporate or banking lawyer”


You will have access to facilities and equipment at both Schools, including the Postgraduate School of Law Centre in Lincoln's Inn Fields, Holborn, based in the legal district of London, which comprises of workstations, wireless internet access, projectors and a common room.

As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.

In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.

You will be able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.

The School of Economics and Finance is able to offer excellent facilities and resources to its students.

IT Software

Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.

Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).

Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.

Computer rooms

2 computers labs with 70 PC s and designated printers.

Trading Room

Designated Trading Room offering training and access to Reuters, Bloomberg, Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.


The Diploma in Law and Economics is available to study full-time for one year (12 months).


Students must take a total of 120 credits to include the compulsory Dissertation - 90% /Group Presentation 10% (30 credits) and the two compulsory 22.5 credits.  The remaining 45 credits must be taken from the elective Law (either two 22.5 credit modules or one 45 credit module) or elective Economics modules (three 15 credit modules).

You may study on one of two pathways:

Jurisprudence, if you have a legal background or an undergraduate degree in law; or Economics, if you have an economic/finance background or have an undergraduate degree in economics or finance.

If you want to review concepts such as statistical distributions and matrix algebra, you also have the option to attend pre-sessional modules during induction week (week zero) and week one of the first term within the School of Economics and Finance. You will be also presented with basic statistics and statistical software during the first term.

Jurisprudence pathway

  • Pre-sessional course in mathematics and statistics (OPTIONAL)
  • Pre-sessional course in law (OPTIONAL)

Compulsory Modules

  • CCLExxx Dissertation - 90% / Group Presentation 10% (30 credits)

Semester One

  • CCLE001 Law and Economics I (for Lawyers) (22.5 credits)

Semester Two

  • CCLE003 Law and Economics II (22.5 credits)

Elective Modules (45 credits)

A further 45 credits from the either law (two 22.5 credits/one 45 credit) or economic (three 15 credit) elective modules

Economics pathway

  • Pre-sessional course in mathematics and statistics (OPTIONAL)
  • Pre-sessional course in law (OPTIONAL)

Compulsory Modules

  • CCLExxx Dissertation - 90% /Group Presentation 10% (30 credits)

Semester One

  • CCLE002 Law and Economics I (for Economists) (22.5 credits)

Semester Two

  • CCLE003 Law and Economics II (22.5 credits)

Elective Modules (45 credits)

A further 45 credits from the either law (two 22.5 credits/one 45 credit) or economic (three 15 credit) elective modules

The electives offered in a particular year will be drawn from the following list. Please note that this list is representative, though not exhaustive and not all options will be available every year.

Semester One


  • ECOM001 Macroeconomics A (15 credits)
  • ECOM002 Microeconomics A (15 credits)
  • ECOM003 Econometrics A (15 credits)
  • ECOM053 Quantitative Methods in Finance (15 credits)


  • QLLM150 Strategic Decision Making for Lawyers (22.5 credits)
  • QLLM155 Principles of Regulation (22.5 credits)
  • QLLM164 Elements of Islamic Law (22.5 credits)
  • QLLM305 Cartels, Collusion and Competition law (22.5 credits)
  • CCLE019 Accounting for Lawyers (22.5 credits)
  • QLLM307 Economics of Competition Law (22.5 credits)
  • CCLE021 International Macroeconomics for Lawyers (22.5 credits)
  • QLLM360 Banking Law International (22.5 credits)
  • QLLM328 Digital Intellectual Property Law (22.5 credits)
  • QLLM377 EU Financial and Monetary Law (22.5 credits)
  • QLLM330 Comparative Copyright Law (22.5 credits)
  • QLLM331 International Copyright: International Treaties and Cross-Border Litigation (22.5 credits)
  • QLLM332 Comparative Law of Patents and Trade Secrets (22.5 credits)
  • QLLM376 International Economic Law (22.5 credits)
  • QLLM362 Law and Finance in Emerging Economies (22.5 credits)
  • QLLM364 International Finance Law (22.5 credits)
  • QLLM666 Regulation of Financial Markets (22.5 credits)
  • QLLM368 Corporate Rescue and Cross-border Insolvency (22.5 credits)
  • QLLM370 WTO Law:  Market Access and Non-Discrimination (22.5 credits)
  • QLLM372 Corporate Finance Law (22.5 credits)
  • QLLM374 Law and Ethics in Finance (22.5 credits) (NOT OFFERED 2016-17)
  • QLLM338 International and Comparative Law of Unfair Competition (22.5 credits)
  • QLLM392 International Commercial Arbitration (22.5 credits)
  • QLLM340 Global Intellectual Property: Fundamental Principles (22.5 credits)
  • CCLExxx Risk Management in Law (22.5 credits) subject to approval.

Semester Two


  • ECOM009 Macroeconomics B (15 credits)
  • ECOM010 Microeconomics B (15 credits)
  • ECOM027 Labour Economics (15 credits)
  • ECOM032 Econometrics B (15 credits)
  • ECOM035 International Finance (15 credits)
  • ECOM038 Behavioural Finance (15 credits)
  • ECOM077 Valuation of Private Equity (15 credits)
  • ECOM098 Islamic Finance in Practice (15 credits)
  • ECOM082 Industrial Organisation (15 credits)
  • ECOM095 Mergers and Acquisitions (15 credits)
  • ECOM108 Applied Econometrics (Marco and Finance) (15 credits) 


  • QLLM165 Islamic Finance and Commercial Law (22.5 credits)
  • QLLM306 Competition Enforcement: From Investigation to Sanctions (22.5 credits)
  • QLLM310 Compliance in the Global Markets (22.5 credits)
  • QLLM361 Banking Law
  • QLLM329 Information Technology Transactions
  • QLLM333 International Law of Patents and Related Rights
  • QLLM363 Legal Aspects of Financing Development
  • QLLM365 International Finance Law advanced
  • QLLM378 Securities Regulation
  • QLLM358 Cyberspace Law:  Internet Jurisdiction & Dispute Resolution (NOT OFFERED 2016/17)
  • QLLM359 Cyberspace Law: Protecting the Online Persona: Digital Rights in Cyberspace (NOT OFFERED 2016/17)
  • QLLM373 Mergers and Acquisitions
  • QLLM371 WTO Law: Trade Remedies and Regulatory Issues
  • QLLM339 The Law of Registered Trade Marks
  • QLLM367 International Financial Regulation (22.5 credits) (not offered 2016-17)
  • QLLM369 Financial Distress and Debt Restructuring (22.5 credits)
  • QLLM375 Corporate Governance and Responsibility in Finance (22.5 credits) (not offered 2016-17)
  • QLLM341 Global Intellectual Property: Technology and Policy (22.5 credits)
  • CCLExxx Derivatives in the Legal Context (22.5 credits) subject to approval

Semester one and two


  • QLLM025 E­commerce Law (45 credits)
  • QLLM044 International and Comparative Competition Law (45 credits)
  • QLLM060 International Merger Control (45 credits)
  • QLLM062 International Tax Law (45 credits)
  • QLLM094 UK Competition Law (45 credits)
  • QLLM124 European Union Competition Law (45 credits)
  • QLLM128 Telecommunications Law (45 credits)
  • QLLM149 Global Intellectual Property Law (45 credits)
  • QLLM178 Competition Law, Intellectual Property and Innovation (45 credits)
  • QLLM194 Intellectual Property, Trade and Investment Law (45 credits)
  • CCLE020 Economic Application to Law (45 credits)
  • CCLE022 Financial Models and Application to Corporate Finance Law (45 credits)

    Entry requirements

    Entry requirements

    The usual qualification for entry to the Law and Economics Postgraduate Diploma programme is a degree in Law or Economics (Finance) or overseas equivalent, of at least 2.1 honours (or equivalent). Graduates with a good 2.2 honours who also have other legal qualifications and/or substantial professional legal experience may also qualify.

    In all cases, a full online application is required in order for a fair assessment and decision to be made. Each application is considered on its merits and on sight of full application documents. A full and detailed CV is required for all applications and is particularly relevant where professional experience needs to be considered.

    Non-native English speakers are required to have a minimum of IELTS 7 or equivalent.

    International applicants

    Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details of the English language entry requirements for postgraduate law programmes.

    Any student who scores 6.5 or below in the IELTS Writing component (or equivalent) is required to attend the Queen Mary in-sessional Critical Thinking and Writing in Law Programme; this programme is free to QM students and runs in terms 1, 2, and 3. Students with higher English language scores may join this programme is they wish. See QMUL's Language and Learning website for more information.

    Learning and teaching

    As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations, group exercise and role-play as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You are assigned an Academic Adviser who will guide you in both academic and pastoral matters throughout your time at Queen Mary.

    Independent study

    For every hour spent in classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

    The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

    Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.


    Tuition fees for Home and EU students

    2017 entry
    Full time £5,450

    Tuition fees for International students

    2017 entry
    Full time £9,900


    There are a number of sources of funding available for Masters students.

    These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.

    School of Law scholarships

    The School of Law offers a range of scholarships for Law Masters programmes each year. Full details are made available on the law funding page from October – November each year.

    Queen Mary bursaries and scholarships

    We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.

    Read more about funding a masters

    Alternative sources of funding

    Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.

    Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country.

    Detailed information about postgraduate funding options is available in our Postgraduate Funding Guide (pdf).

    Read more about funding a masters.

    Tel: +44 (0)20 7882 5079

    Other financial help on offer at Queen Mary

    We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

    Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

    Tel: +44 (0)20 7882 8717



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