International economic law is pivotal in the business sector as it is related to the regulation of economic affairs between states. Traders from each state also function under specific rules and regulation and International Economic Law is concerned with the same. Thus, it plays this dual role in handling economic relations and supervising traders from different countries.
If you are keen to pursue this field then you must know that doing Master of Laws (LL.M.) in International Economic Lawgives you professional and academic knowledge on international trade, international business transactions and every facet of business transaction.
The objective of LLM in International Economic Law
International economic order has its own set of institutions, principles and rules. By doing this course, you will be able to gain an in-depth understanding of each aspect and how they support the modern international economic order.
LLM in International Economic Law, is suited for students who are keen on understanding economic policies, have an intellectual interest or are keen on taking up a legal career in this field. After completion of the course, you will be equipped with technical knowledge and gain an ability to examine policies and other legal issues cropping due to the globalisation of the world economy.
What will you learn during the course?
This program provides you with expertise that would suit your area of profession and also match your personal interest. There will be specialised courses from different areas of public international law available in your LLM course that you can select based on personal preference. Some of the general subjects that you would be studying are:
- Law & Justice in Globalized World
- International Trade Law
- Research Methods and Legal Writings
- Law and Economic Development
The primary aim of the course is to give practical and theoretical knowledge of the main limbs of international economic law. It is a dynamic field which has strong institutional frameworks and emerging challenges that shape its structure. One needs to have a sound understanding of the same and develop critical thinking necessary in order to analyse legal and policy issues surrounding international economics. Also, international governmental and non-governmental organisations play a crucial role in this sector. You need to possess academic knowledge to analyse their role and objective which can be gained through the LLM program.
Why study LLM in International Economic Law?
The rigorous training provided during the LLM course will put students in a fabulous place professionally. They will be able to undertake a wide range of roles in investment, trade, regulatory legal interest and more in government, international organisations and other industries. If it is the social and political aspect of the area that interests you then you can even choose to work with NGOs or charities.
Law firms are always on a lookout for professionals who have a good understanding of international economic law. They need experts who can advise their international clients who are doing business in several countries.
All in all, this is certainly a high paying and rewarding industry where you will find yourself surrounded by endless exciting opportunities.