Markets and Regulation (5 ECTS)

Lecturer: Prof. Dr E. Woerdman

When: block 4

Brief course description:
The central question of this course is: how to balance efficiency with the rule of law in the regulation of markets in an international and European context? The interactions between states as well as the cross-border market transactions between companies and individuals are regulated by means of international and European law. Examples will be discussed of laws and regulations that are efficient and those that are not. The examples will be international and comparative, based on economic theory and empirical research, ranging from Europe to Africa, the Americas, Asia and Australia. Where politicians can help or hamper efficiency by changing the ‘rules of the game’, lawyers can propose legal changes and interpret the existing rules in such a way that efficiency is improved. Students will actively discuss whether and how lawyers should balance efficiency with the rule of law in international and European market regulations.

Teaching method: lectures

Assessment: written exam