Economics of European Integration - ECON4325/ECON5370 

 

ECON4325/ECON5370

Economics of European Integration

Why is European Integration relevant to you?

The European Union is the worlds most integrated continent in terms of the economic ties between the European countries. As an entity with a greater population than the United States and a large economy, the European Union exerts economic influence in the global arena that is  extremely significant. Understanding the events and policies in the European Union will lead to a greater understanding of how the major powers in the global economy shape and determine the future direction of economic growth and integration throughout the world.

Catalog description

An introduction to the economics of Western Europe, and by implication, the economic functions of the institutions of the European Union (EU). Students are introduced to economic policy issues which are currently of concern in the European Union, and the analysis of economic problems which are of particular relevance to European Union member states. These include (but are not limited to) the theory of customs unions, optimal currency area theory, the single market, competition policy, and the external trade and development policies of the EU.

Course objectives

To introduce students to the major economies of Western Europe, and by implication the structure and institutions of the European Union.  To familiarize students with the policy issues which are currently of concern in the European Union, and to analyze economic problems which are of particular relevance to European Union Member States.

Learning Objectives:

By the end of this course, students should:

1.  Understand the theoretical approach in economics to economic integration.

2.  Appreciate the reasons why the European Union came into being and what drove its desire for greater economic integration from a historical perspective.

3.  Appreciate the main areas where economic integration has had a decisive impact on the economic lives of the citizens of the Europe Union.

4.  Analyze the winners and losers from economic integration and the implications for not only the citizens of Europe but also citizens of countries in other parts of the world.

5.  Be aware of the international implications of economic integration in Europe and elsewhere on the policies undertaken in other parts of the world.

Throughout the semester, feel free to contact  me at the coordinates listed on the 'professor' page.  Good luck in this course.

Professor Patrick Crowley