The course provides a rigorous analysis of the economic rationale for the European Union, and the central theoretical and empirical issues raised by the process of European integration. In addition to providing a comprehensive analysis of the theories of custom unions, and optimal currency areas, special emphasis will be given to the monetary integration process within the Euro zone, the American and European economic crisis, the European Union enlargement processes and the economic challenges facing the integration process will be also discussed. |
History and Institutions of the European Union |
The aims of this course are to:
- introduce students to the historical process of economic integration and the institutional structure of the European Union;
- equip students with a thorough grasp of the theoretical basis for the European economic integration process such as common markets and single currency;
- increase students’ awareness and understanding of current economic issues and challenges facing the Union;
- allow students to develop economic concepts and analysis that will enable them to form opinions on the future of European integration.
At the end of this course students should be able to:
- identify the major historical phases of the economic integration process in Europe;
- evaluate and debate the main issues related to the launch of the EURO;
- demonstrate practical and theoretical understanding of economic and monetary integration by evaluating case studies and making presentations;
- evaluate the prospect of European enlargement and fiscal integration. |
Analysis of the dynamics and processes of the evolving European economic integration: its origins, structure and problems. Areas of study include an in-depth discussion of the evolution of the economic crisis, the development of common agricultural policy, EU regional policy and monetary integration. |
Richard Baldwin and Charles Wyplosz: The Economic of European Integration (Cap. 1-2-3-4-9-10-14-16) Mc Graw Hill 4th edition |
At the end of each lesson the student is expected to answer an open question (question demands a long answer, about 300 words) relating the main issues treated by the teacher during the lesson. |