Learning Outcomes
Upon successful completion of this course, students will
- have learnt th economic and institutional aspects of the European economic integration process.
- be able to analyze EU policies, and become familiar with the EU fiscal and monetary framework.
- be able to apply economic theories to interpret and discuss the economic developments in the region, the crisis of and the proposed solutions to the European economic governance framework.
Course Content (Syllabus)
This Course introduces students to the economics of European integration. The Course will cover the history of economic integration among the countries of the European Union (EU) and address, applying basic micro and macro-economic principles, the rationale of such evolution. This will encompass the discussion of stylized facts and some institutional background of the European Union. As regards the real economy, emphasis will be put on the creation of a customs union and a common market, and on the phenomenon of industrial agglomeration. The European Monetary System and the European Monetary Union will be at the core of the part devoted to the monetary integration in the EU. The Course will analyse the EU macro-economic policy, both fiscal and monetary, and its institutions. The Course will examine common agricultural and regional policies, competition policy and the operation of the European budget. The EU external trade policy and the Green Deal will be addressed, time permitting.