LLB Common Law/Economics
About this course
Common law and economics is an unusual but intellectually powerful combination, pairing the study of legal systems, doctrine and jurisprudence with the analytical tools of economics. Law and economics as a field has grown significantly since the mid-twentieth century, and the insight that economic reasoning can illuminate both the content and the effects of legal rules is now mainstream in legal scholarship and in the thinking of courts, legislators and regulators. At the University of Glasgow, this four-year full-time degree develops your understanding of common law traditions alongside rigorous training in economic analysis, with a year abroad extending your perspective beyond the UK. Note that the Common Law LLB is not accredited by the Law Society of Scotland and is therefore suited to those who do not intend to practise in Scotland. You will study the substantive common law subjects, including contract, tort, property, equity and public law, developing the analytical rigour and doctrinal knowledge that legal training demands, alongside the microeconomic, macroeconomic and statistical methods that economics brings to the analysis of institutions and incentives. The combination equips you to think about legal rules as systems of incentives that produce particular patterns of behaviour, and about the economic consequences of different legal regimes. Glasgow's law and economics faculties are both strong, and the year abroad gives you exposure to another legal and economic tradition. A typical tariff of around 232 points is expected. Graduates are well placed for careers in commercial law, regulatory practice, economic consultancy, policy analysis, competition law, financial services and academia. The combination of legal and economic training is particularly valued in roles that require both doctrinal precision and the ability to analyse the economic logic of rules and markets, including antitrust work, financial regulation, public procurement and international trade law. Many graduates proceed to the Legal Practice Course or Bar Training Course, or to postgraduate study in law or economics.
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