ECO2014 : The Economics of European Integration

  • Module Leader(s): Dr Roxana Radulescu
  • Owning School: Newcastle University Business School
Semester 2 Credit Value: 10
ECTS Credits: 5.0


The module should provide an understanding of
1. The microeconomics and macroeconomics of European Integration
2. The essential aspects of European history, institutions and politics.

The module starts by introducing the students to the history and institutions of the European Union and then continues with the microeconomics of European integration (for example we discuss the microeconomic tools needed to understand trade liberalisation, the effects of the increase in market size on firms and the effects of integration on migration and the labour market). The module also covers the theory of monetary integration and its appplication to monetary and fiscal policy in the EU.

Outline Of Syllabus

l. History, facts and institutions
ll. Microeconomics of Economic Integration: preferential liberalisation, market size, labour markets
lll. History and principles of monetary integration
lV. Monetary and fiscal policy in the EU

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion132:0032:00N/A
Scheduled Learning And Teaching ActivitiesLecture141:0014:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00N/A
Guided Independent StudyIndependent study125:0025:00N/A
Teaching Rationale And Relationship

Lectures are the primary means of delivery the module. The workshops explore how economic theory is apllied to European Integration, through problem-based exercises. Private study involves preparing for lectures, workshops and exam by following-up the reading list and linking it to the material covered in the taught component of the module.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1202A100N/A
Assessment Rationale And Relationship

The unseen exam is designed to encourage students to study the taught material and to test their understanding and interpretation of the subject.

Semester 1 Erasmus and Loyola Exchange students may, with the approval of the module leader, submit one 2000 word essay; This essay is to replace the formal examination requirement.

Reading Lists


Disclaimer: The University will use all reasonable endeavours to deliver modules in accordance with the descriptions set out in this catalogue. Every effort has been made to ensure the accuracy of the information, however, the University reserves the right to introduce changes to the information given including the addition, withdrawal or restructuring of modules if it considers such action to be necessary.