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LLM in Law and Economics

See also:

LLM (Master of Laws) Law and Economics

  • LLM Full Time Law and Economics Programme Code: M2Q3
  • LLM Part Time Law and Economics Programme Code M2Q4

The LLM Law and Economics 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 a specialist programme which aims to provide rigorous training in theoretical and applied economic analysis as a means of analysing law and the legal framework. It is designed for students with a strong academic background in Law or Economics.

Olivares-Caminal

 

This LLM offers a rigorous training in theoretical and applied economic analysis as a means of analysing law and the legal framework. It is ideal for those working or planning a career in legal or economic fields within academia, the public sector, international institutions, the financial or legal industries, or management consulting. Expertise from CCLS provides in-depth expertise in a wide range of commercial law fields, while the School of Economics and Finance provides extensive knowledge of applied economics.
Professor Rodrigo Olivares-Caminal, Co-Director, LLM in Law and Economics, Queen Mary University of London.

Aims of Programme

Graduates of the programme will possess a solid grounding in Legal theory and modern Economics that will enable them to conduct, assess, and supervise both theoretical and applied research in the field. Students who perform well on the programme are encouraged to apply for a joint doctoral study in the School of Economics and Finance and the Centre for Commercial Law Studies.  For those seeking to develop or start their careers outside of academia, the new LLM programme will include a number of practical and knowledge transfer components that will allow a better transition to work outside the higher education sector. Students will, for example, have the opportunity to engage in an academic year-long Investment Club. During this time, students will be gaining hands on experience in trading and portfolio analysis alongside their studies.

Who is the course aimed at?

Such interdisciplinary skills make this LLM ideal for those already in, or planning a career in law or economics in academia, the public sector, international institutions, financial or legal industry or management consulting.

Professional Module Exemptions for the Chartered Banker Diploma from the Chartered Banker Institute (CBI)

Chartered Banker Institute

The Chartered Banker Institute (CBI) has recognised masters programmes offered by the School of Economics and Finance for advanced standing for the Chartered Banker Diploma. Graduates can proceed directly to the Chartered Banker Diploma with no requirement for prior underpinning study, recognising the high level of commonality of elements within LLM Law and Economics programme content against the CBI’s Diploma modules.

Students on the LLM in Law and Economics programme who take both the QLLM136 Ethics in Business and in Finance and QLLM007 Banking Law modules will be eligible for exemption from the Chartered Banker Diploma compulsory module: Professionalism Regulation and Ethics.

Structure of Programme

Students must take a total of 180 credits to include the two compulsory modules, the dissertation and the remaining 90 credits to be selected from either Law and/or Economics modules.

The LLM in Law and Economics requires one year of study full-time or two years part-time, starting in September. The programme of study provides a flexible mix of classroom based teaching (assessed by formal examinations and/or coursework) through:

  • An introductory pre-sessional in mathematics and statistics
  • Two compulsory taught modules which lay a foundation to Law and Economics theories
  • A 15,000 word dissertation
  • Choice of optional law and/or economic modules

The new LLM in Law and Economics will be a single programme offering two sub-level pathways:

  • A Jurisprudence pathway for those with a legal background or with an undergraduate degree in law
  • An Economics pathway for those with an economic/finance background or with an undergraduate degree in economics or finance. The pathway structure is intended to capitalise on the specialisations and strengths of both academic departments, whilst the foundation courses have been established to provide incoming students with different academic/professional backgrounds with a thorough grounding in their new field of study to enhance their learning experience, whilst developing cross-disciplinary knowledge. This structure allows for an integrated programme in Law and Economics that provides broad-based instruction in both disciplines.

Jurisprudence Pathway:

  • Pre-sessional course in mathematics and statistics (optional)

Compulsory (90 credits)

Optional modules (90 credits)

A further 90 credits from the optional law and/or economic modules:

  • 90 law credits. Or,
  • 90 economic credits. Or,
  • Combination of 45 credits in law and 45 credits in economic modules

Economics Pathway:

  • Pre-sessional course in mathematics and statistics (optional)

Compulsory

Optional modules (90 credits)

A further 90 credits from the optional law and/or economic modules:

  • 90 law credits. Or,
  • 90 economic credits. Or,
  • Combination of 45 credits in law and 45 credits in economic modules.

The options 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.

View the Economics module descriptions: 

LLM Law and Economics - Economics modules [PDF 17 KB]

 

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

Teaching Staff who contribute to this programme include:

School of Economics and Finance

School of Law

Part-time Students

If you are considering part-time study, please be aware that lectures take place during the day time as well as in the evening.

Where will classes be held?

Most law classes are held at CCLS’s home in Lincoln's Inn Fields, although some classes may take place at the Institute of Advanced Legal Studies in Russell Square, and also at Queen Mary’s Charterhouse Square campus. Economics classes are held at the main campus in Mile End.

Assessment

In addition to the dissertation, each taught half-module will be assessed by a two-hour unseen written examination and each taught full-module by a three hour unseen written examination.

Entry requirements

A 2.1 honours degree in Law or Economics or overseas equivalent and/or relevant professional qualification and/or experience.

English language requirements

All students from countries where English is not the first language must supply a TOEFL or IELTS language test result or equivalent. If you took your degree overseas and were taught in the English medium but your country's main language is not English, you still have to provide a language score. The standard of English language used varies from region to region and indeed from university to university. It is therefore vital that all such students provide English language scores. If you have not yet taken an IELTS/TOEFL test or equivalent at the application stage, you should still apply. If your IELTS/TOEFL results or equivalent are not yet available, you could be made a conditional offer, subject to our normal academic requirements. If your score is lower than our full requirement we may be able to help you with pre-sessional language training (in the summer prior to the LLM). You should therefore provide a language score in good time. 

Students who submit a language score that does not meet the full language entry requirements of 7 overall 7 writing IELTS (or equivalent) will automatically be offered the appropriate pre-sessional language course as a condition of LLM entry if and where possible. However, if required, a student may still retake and submit a higher language score before enrolment - any pre-sessional condition set can then be cancelled or amended depending on the new score achieved and the date the new scores are submitted. Read the full and minimum language requirements.

How to apply

Online application is the preferred method of application. If you have any difficulty using the online form please read the online application guidance notes accessible from your online application. If you then cannot resolve the problem or are unable to access the online form please contact the Admissions team by email on admissionsteamc@qmul.ac.uk.

Contact

Programme Administrator

Maya Davis, LLM Law and Economics Administrator

Email: llm-economics@qmul.ac.uk

Tel: +44 (0)20 7882 7228

Academic Coordinator

Professor Rodrigo Olivares-Caminal email: r.olivares-caminal@qmul.ac.uk

Lucila Lobo, Brazil

Lucila Lobo

FGV Direito Rio / FGV Direito GV Sao Paulo Winner of the CCLS Scholarship 2013-14

My experience as in-house counsel in the regulatory law department of Brazil´s largest telecommunication company 'Oi S/A' taught me that framing issues involving public interest in purely legal terms is not enough.

The complexity and nature of the work I have been involved in convinced me that there is a compelling argument for legal practice to pivot towards a more pragmatic and flexible mind set. A more creative approach to resolving conflicts of interest and a greater willingness and ability to carefully evaluate the position of all parties involved in legal negotiations should generate greater value for all.

This experience motivated me to look for different tools, grounded in economic theory, to tackle contentious legal issues. This is why I have decided to pursue a Law and Economics LLM at Queen Mary. The programme provides the essential instruments to develop a sound understanding of key economic principles through the core courses which cover microeconomics and behavioural economic foundations. When I return to legal practice, I will be able to unlock new solutions by bringing to bear an economic-analytical perspective as well as broadening the debate beyond the traditional theoretical model of justice and equity to include a consideration of efficiency and costs.

In addition, my colleagues' economic background as well as their international / multi-jurisdictional experiences also creates a challenging study environment. Classes are interactive and everybody is invited to share their point of view and to participate in case-studies. This has to be the best way to develop a legal mind set and to enhance my problem solving capabilities.

Ayah El Said, Egypt

Ayah El Said

LLM in Law and Economics Bursary Winner 2012-13

I am an Egyptian economist, with a BA in Economics from the American University in Cairo, where I was the top student in the major, and an MA in Economics from New York University (NYU) where I was a Fulbright Scholar. I spent the last few years after my time at NYU working as an emerging markets economist in two economic and financial consultancies in New York and London (Roubini Global Economics and Arabia Monitor), having previously worked at the World Bank and the Central Bank of Egypt. My research areas of interest include international finance, monetary economics and financial development, and during my time at NYU, I was exposed to the literature on the role of institutions, and how countries with better, and more advanced, legal systems tended to have better financial systems, which fostered economic growth. This paved the way for my interest in law and economics.

As a professional economist, I was exposed to the impact of the global financial crisis on emerging markets, and the important role played by legal and regulatory institutions in  mitigating the worst of the crisis, and as an Egyptian witnessing her own country's uprising, I had a first-hand experience with the importance of legal and regulatory environment in terms of how it affects investor sentiment, and how the lack of it could prove to have dire effects on any economy. Law and Economics is a field that has been gradually growing but I could not find one such program that would fit my background. I came across Queen Mary's new LLM in Law and Economics program at a time when I wanted to return to graduate school, and specialise in law and economics, and this program seems to be the perfect stepping stone to lead me to the area that I would like to specialize in. As an economist with no legal background, I was taken to the very basics of different legal subjects, laying the necessary foundations that would equip me to combine both law and economics  in a growing area where is high demand for such calibre and not enough supply. My interest in international finance made Queen Mary an even more appealing option for me given its strong reputation in finance and banking law , and my only regret is that there is not enough hours in the day that would make me audit- or simply read- material from other classes since the variety of courses offered, that are of interest to me, is unprecedented. It has truly been a wonderful experience, and the faculty members' dedication and hard work put in this program adds much more to it all.

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