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This course is specifically designed for non-law students. Its objective is to demonstrate, by using examples, how rational business decisions are to be made in a legal environment. The operation of the basic legal institutions is discussed in an international, global context. Legal studies deal with many aspects of our everyday life. What are the unalienable rights of men? What is private property? What should free trade mean? The course enables students to recognise legal problems (not to solve them), to understand the approaches and attitude of lawyers (judges), to be able to read basic legal documents (not to write), to make business decisions, to argue with regard to basic legal aspects, and carry out business negotiations with regard to basic legal aspects.