On completion of the course, students should have a detailed understanding of the history and process of European integration. Students should also understand the theory and the techniques of analysis to identify the effects of economic integration on the welfare of citizens and firms. Be able to identify the main themes of the current integration process and the creation of the economic and monetary union.
Skills: Students should be able to collect information from several sites of the European Union and present a case study in a concise memo.
1. History, Facts and Institutions
1.1 History
1.2 Facts, laws, institutions and budget
1.3 Decision Process
2. The Microeconomics of European Integration
2.1 Essential microeconomic tools and tariff analysis
2.2 The economics of preferential liberalization
2.3 Market size and economies of scale
2.4 Growth effects and factor markets integration
2.5 Economic integration, labour markets and migration
3. EU Microeconomic Policies
3.1 Common Agriculture Policy.
3.2 Location effects, economic geography and regional policy
3.3 EU competition and state aid policy
3.4 EU international trade policy
4. Macroeconomics of Monetary Integration
4.1 Macroeconomics essencial tools
4.2 The history of monetary european integration
4.3 Optimal monetary zones
5. Monetary Policy and Fiscal Policy in the EU
5.1 Monetary Union in the EU
5.2 Fiscal Policy and the Stability Pact
5.3 Financial markets and the Euro
5.4 The Eurozone crisis
Being a class addressing many theoretical concepts, the theoretical classes are mainly comprised of discussions, presenting the main concepts and theories, using the materials previously shared with the class, via Moodle. Student engagement is highly motivated and sought after by having open discussions following the presentation of each team and using many materials from the EU.
Main Textbook
Additional Textbook
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