For MCL students half of their overall course load consists of four one-term electives, referred to as 'modules'. Students select from a menu of six or seven modules (seven in 2016-17), meaning they have the scope to tailor their MCL course load to fit with their academic and professional priorities.
Each module provides MCL students with the opportunity to investigate in depth and in a small group setting important, intellectually challenging corporate topics. Law Faculty members involved with the MCL co-ordinate and examine each module but various modules will be tailored to involve academics from other Cambridge University departments, distinguished legal practitioners and eminent visitors from universities in continental Europe, North America and elsewhere.
Each module encompasses 16 hours of formal instruction, occurring in a single term, either first term (Michaelmas) or second term (Lent). Assessment of each module occurs at the end of the term in which it is taught. Students normally take two modules per term in each of Michaelmas and Lent Terms but, depending on the modules they choose, they may have three modules in one term and one in the other.
The modules on offer in 2016-17 will be:
- Corporate Taxation;
- Financial Management;
- International Financial Regulation;
- International Merger Control;
- The Law Firm as a Business;
- Shareholder Litigation;
- US Corporate Law.