Vanderbilt University offers a fully funded PhD program in Law & Economics. The program combines analytical training in economic theory and methodology with the study of law. Upon completion of the program, students receive a PhD in Law and Economics and a J.D. The principal fields of study include law and economics, risk and environmental regulation, labor markets and human resources, and behavioral law and economics. An advanced understanding of mathematics and economic principles is recommended, but a major or master’s in economics is not required. Students are fully funded through both degrees with packages including tuition and a stipend.