Globalization and digitalization of economy as well as the energy transition and the European integration lead to serious changes in economy and society. This also changes the qualification requirements for lawyers and economists. Authorities and companies need graduates who can understand the technical and economic characteristics as well as the regulatory framework of the relevant industry and connect them together – a skill, which is not sufficiently developed in traditional law studies and master programs in economy. The new degree program combines two master’s programs in Economics and Law. The program establishes a close link between legal and economic components needed for a sound study of markets, competition, and regulation. The master's program in Economics and Law started in 2017, as scheduled. The foundation agreed to co-finance this program thanks to a donation made specifically for this purpose by Freudenberg SE.