Aims

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 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: trade, labour markets, economic growth
111. Macroeconomics of economic integration: exchange rate arrangements, the single currency, monetary and fiscal policies in the euro area

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 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.