Both lawyers and economists need to understand how law and economics interact and shape one another. This interdisciplinary master's program in law and economics therefore focuses on both fields. Students complete the international, one-year (three-trimester) program at a minimum of two of nine cooperating institutions, one of which is Universität Hamburg. Further institutions include universities in Bologna, Rotterdam, Haifa and Mumbai. The program imparts an understanding of the economic consequences of various legal norms and requires students to take courses in the areas of comparative law and economics, economic analysis of contract law, and competition in law and economics, among other fields. Graduates receive a degree from the universities at which they spend at least one trimester, meaning they conclude the program with two or three degree certificates accordingly.