The seminar will focus on both horizontal and vertical agreements. There will be a discussion of the basic economic concepts that are relevant in restrictive agreement cases and other areas of competition law, such as market power and consumer welfare, legal analysis of when an agreement “restricts competition” and when it brings about relevant efficiencies, and relevant secondary legislation such as block exemptions and the European “de minimis” notice. The seminar will rely heavily on European cases and case hypotheticals to illustrate key concepts and to discuss how economic and legal questions can be resolved in actual cases before courts.