The European Master in Law and Economics (EMLE) programme provides a level of academic excellence recognized by the Erasmus Mundus as well as additional academic experts. The programme has recruited distinguished scholars from across Europe and the rest of the world to share their knowledge and instruct the next generation of lawyers, economists, and policy makers. Accredited by numerous institutions in Europe, the programme also provides a supreme level of internationality in its professors, universities and its students. Erasmus+: Erasmus Mundus quality label of excellence The European Master in Law and Economics (EMLE) has been recognized by the European Commission as an Erasmus Mundus Masters Course, under the first edition of Erasmus Mundus (2004-2008), under Erasmus Mundus II (2009-2015), and under Erasmus+ from 2015-2016 onwards. What is Law & Economics? The law and the economy interact in many ways. Whereas private law assists individuals and groups who are willing to enter into agreements in a free market, public law seeks to correct the outcomes of a free market system by means of economic and social regulation. Economists themselves should be informed about the legal environment in which economic activities must be conducted, while lawyers should be aware of the economic effects of current legal rules and the expected outcome under a different legal regime. Law & Economics meshes together two of society’s fundamental social constructs into one subject, allowing a multi-faceted study of significant problems which exist in each subject. What can Law & Economics do? Law & Economics, with its positive economic analysis, seeks to explain the behaviour of legislators, prosecutors, judges, and bureaucrats. The model of rational choice, which underlies much of modern economics, proved to be very useful for explaining (and predicting) how people act under various legal constraints. This positive analysis informs the normative branch of the discip...