EC500 Microeconomics (or equivalent)
EC502 Macroeconomics (or equivalent)
OverviewThe module provides insight into the basic theories underlying customs union and economic and monetary union, and of the rationale for, and strengths and weaknesses of, policy intervention at the EU level. It introduces the economic rationale for the existence of the EU, the working of some of its main policy areas, and a critique and assessment of developments to date
The emphasis throughout is on the development of appropriate economic theories and their application in the specific context of the regional integration in Europe. The nature of economic integration is such that the module involves a broad coverage of both microeconomics and macroeconomics, often involving applied issues and analysis going beyond that covered in more theory focussed modules.
This module appears in:
This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Method of assessment
In Course Test, (90 minutes) (20%)
Examination, 2 hours (80%)
R. Baldwin and C. Wyplosz, The Economics of European Integration, 5th ed., McGraw Hill, 2015
J. Pelkmans, European Integration: Methods and Economic Analysis, 3rd ed. Prentice Hall
P. Robson, The Economics of International Integration, 4th ed, Routledge, 1998
M.Artis, F Nixson (ed), The Economics of the European Union, 3rd ed. Oxford, 2001
On completion of the module, you will be able to:
* demonstrate critical knowledge and understanding of the underlying theory of economic integration and its regional aspects in Europe.
* demonstrate critical knowledge and understanding of customs union theories, single market imperfect competition, new trade theories, optimal currency area in the context of the EU.
* demonstrate critical knowledge of EU trends in trade, migration, competition and Eurozone performance.
* critically review the role of decision-making and policy (including EU treaties) in increasing integration in the EU.
* critically assess the scope for further expansion of the EU and of increasing/decreasing integration between existing members.