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Class in Vienna

Courses Offered in Vienna

Law, Business and the Economy: The U.S and E.U. Seven Years after the Financial Crisis (3 credits), taught by Professor Tanya Marsh
This course will address the economic and legal impacts of the 2008 Financial Crisis on the United States and across the European Union. The course assumes no prior business experience or education and begins with an overview of the business and regulatory structure of capital markets and structured finance in the U.S. and E.U., including banking regulation and securities regulation. We will discuss the structure, utility, and regulation of various kinds of securities and derivatives, particularly asset backed securities, collateralized debt obligations, and credit default swaps. We will also discuss issues important to consumers, including student loans, home mortgages, and consumer credit. We will examine how cultural norms and legal regimes result in different use of various kinds of financial instruments, and different consumer behavior in the United States and the European Union.

This course is useful for anyone considering a career in corporate or business law, as well as anyone who simply wants to be able to converse intelligently about these topics and understand the Wall Street Journal and The Economist.

Students from American law schools will be paired with a student from the University of Vienna on an in-class presentation and short paper. All students will also write short response papers on specific topics throughout the program. There will be no exam.

Seminar in Comparative Property Law (2 credits), taught by Professor Tanya Marsh
This course will examine the differences between the civil and common laws of property. The course assumes no prior knowledge of the civil law and will begin with a broad overview of the civil law, its history, and major differences with the common law. We will focus on a few specific examples where property law diverges, including the law of cemeteries. Field trips will include Zentralfriedhof (the central cemetery in Vienna), the Kaisergruft (the royal mausoleum where the remains of many Hapsburg monarchs reside), and the catacombs beneath Stephansdom, the cathedral in the heart of Vienna’s old city.

Students will write a 20-page research paper on a pre-approved topic and may choose to take the course to satisfy the Upper Level Writing Requirement. The paper will be due after the conclusion of the program.

Non Wake Forest law students should confirm with their own schools that the credits for this program will be fully transferable.Grades for non-Wake Forest law students will be on a pass/fail basis unless a different arrangement is made with the program director.