Law and economics is one of the fastest-growing areas of applied microeconomics. Law schools are devoting increasing attention to understanding the economic analysis of law and the new concentration provides solid preparation. Historically, over 35% of economics majors earning an undergraduate degree at West Texas A&M University pursue professional careers in law. Recent economics graduates have earned law degrees from Texas Tech University, University of Texas, University of Colorado, and University of Wyoming. The new concentration will better prepare students for professional studies in legal fields and focus on transactional law issues. Undergraduate programs in Law & Economics are in many European business schools but are relatively unique in the United States. The core courses for the program in Law and Economics at West Texas A&M University draw upon the expertise of faculty from economics, business law, and business communications.