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Law and Economics

Law and Economics

An intensive summer programme designed to introduce students aged 19+ to the fascinating interplay between Law and Economics.

A one-week programme, residential in a college of the University of Oxford.

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Course Summary

This course aims to provide students with a solid foundation in the disciplines of international law and economics both from a theoretical perspective and an applied perspective. It will adopt an interdisciplinary approach focused on themes that are common to both subjects with the aim of situating international laws within the wider economic contexts in which they operate. Theoretically and academically, it will introduce students to the fundamental concepts of law, the philosophy that underpins it and the challenges of its implementation economically.

The course aims to provide a critical overview of the major institutions, regulatory networks, legal structures and dispute settlement processes of contemporary international economic law such as GATT and WTO law and international investment law. In addition, the course will set out the structures of international economic law and their relationship with the environment, human rights, development and social justice. It will critically examine the relationship between economic development and inequality through reference to global economics and governance.

The final component of the course concerns  a critical analysis of key concepts in international trade and monetary systems with reference to specific countries around the world and will debate whether protectionism is justifiable or completely unjustifiable. This will involve a critique of the topical issue regarding the regulation of the economic activities of multinational corporations in the global economy. The final part of the courses will discuss and reflect on merging economic crises and the challenges these will pose for law and policy makers across the globe.

Course Outcomes

By the end of the course students will understand:

  • Competing philosophical principles that underpin laws and legal systems and use these to further evaluate the strengths and limitations of global economic laws
  • Know, understand and investigate further the contemporary legal, regulatory and policy frameworks and challenges of international economic law
  • How to contribute further to debates in policy making and law enforcement regarding the effects of international economic law on states, communities, intergovernmental and non-governmental organisations, corporations and individuals

Course Outcomes

Monday Lecture 1: Law and Economics – central problems in international economic law and globalisation
Seminar 1: Group work activities involving critical discussion of case studies focused on legal issues in a global economic context
Tuesday Lecture 2: International Law fundamentals-underpinning philosophical concepts
Seminar 2: Applying International Law principles to key international economic laws
Wednesday Lecture 3: The framework of international trade and investment- international trade law
Seminar 3: Critical case study analysis on International Trade and Monetary systems followed by a critique of the legal dimensions
Thursday Lecture 4: International Organisations and Institutions for Global Economic Governance
Seminar 4: Regulation of multinational corporations- assessing the effectiveness of the current global legal framework
Friday Lecture 5: Economic Law and its implications for policy making-dealing with emerging crises
Seminar 5: Presentations, course review and action planning


Assessment Methods

1 x Written Assignment (500-750 words)

1 x Group Presentation


Oxford College Accommodation

  • Location Oxford
  • Ages Ages: 12+, 13-15, 16-18, 19+
  • Bedroom Type Single and twin
  • Bathroom Type En-suite & Shared (single gender)
  • Year Built Founded in 1096 (University of Oxford)

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