You will become familiar with the European Union, its institutions, and sources of law. You will learn about the development of the EU’s internal market and the role which economic freedoms played in this development. In addition, you will learn about the nuances of the EU’s external relations, its common commercial and investment policies and the international legal framework for trade, investment and competition.
This module is dedicated to economic principles and processes. You will learn about economic efficiency, welfare allocation, models of perfect competition, monopolies, oligopolies, the application of game theory in economics, Cournot and Bertrand competition models, market power and market definition, cartels, horizontal and vertical agreements, mergers and unilateral abusive conducts.
You will study intensively the rules on which European competition law is based. You will learn how to apply the rules on horizontal and vertical restraints, on unilateral abusive conducts, and on merger control, and will become familiar with the peculiarities of public and private enforcement of competition law.
The module covers advanced aspects of EU competition law as well as comparative and international competition law. You will study the rules governing state intervention in the internal market, especially concerning subsidies and state aid, and will compare US antitrust law and EU competition law. In addition, you will learn about competition law and its enforcement in select countries of the Global South.