Law and Economics
In the research field of "Law and Economics", methods of modern economics are utilized to answer legal questions, arising in the field of law making as well as in administering the rules of law. In the U.S., Law and Economics has been established since the 1970s as an independent discipline. As of today, many teaching and research institutions exist in Europe as well.
Two Disciplines United in one Faculty
The University of Bonn is one of the few universities in Germany uniting the Department of Law and the Department of Economics in one faculty, the "Rechts- and Staatswissenschaftliche Fakultät" (Faculty of Law and Economics). Such combined faculties were formerly very common. As the specialization of the individual disciplines became more and more extensive, many the formerly combined faculties split up. The University of Bonn never succumbed to this trend. And if not mistaken, current developments proof this decision to have been very wise. In any case, several German universities have recently reversed the separation of their faculties for law and for economics.