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In the U.S the turn around from increasing to lower levels in outstanding mortgages went even further than in the U.K. In the U.S. individual households reduced their home mortgage level by about $1 trillion in the period 2008 to Q3 2012.This represented about 10% of all outstanding home mortgages. The pressure of selling off “repossessed homes” was also much stronger than in the U.K. In the U.S. 5.35 million second hand homes were brought into the housing market since 2006. This should be compared to the housing need of about 1.6 million new homes per annum in. | MILE Master of International Law and Economics The MILE programme is hosted by the World Trade Institute WTI a centre of excellence at the University of Bern Switzerland. It is the world s first and most comprehensive programme of advanced studies focusing on the legal economic and international relations perspectives of international trade regulation. MILE is the right programme for you if . you have an undergraduate or higher degree in a relevant field such as economics law or international relations. . you have ideally had some practical experience in international trade issues. . you view an in-depth focus on international trade as a good foundation for your professional academic and intellectual development. .you have a strong command of English. A unique Master s programme -Be a MILE ahead Acquire practical skills and knowledge to meet the challenges of global governance. A number of special characteristics set the MILE programme apart from other Master s programmes - Learn from the best An outstanding faculty of experts drawn from the ranks of academia international organisations and leading law firms share their knowledge with you. - Experience new ways of learning Instruction is modular and interdisciplinary with many courses co-taught by experts from different academic backgrounds and professions. - Live and study in an international environment The WTI attracts students faculty and researchers from all over the world. - Be at the cutting edge of research The WTI hosts the Swiss National Centre of Competence in Research on Trade Regulation allowing students to interact daily with professors postdoc researchers and PhD students. - Start a career The WTI is well connected with firms and institutions employing MILE graduates and supports you in finding the right job. scii Programme structure The MILE consists of three terms of instruction 34 weeks . First term Foundations of Public International Law Economics Micro- and Macroeconomics International Trade .