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ECO2014 : European Economics

  • Offered for Year: 2019/20
  • Module Leader(s): Dr Smriti Sharma
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
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 will cover the main aspects of the current development of the European Union and its policies. It will start by providing an introduction to the history and institutions of the European Union, and then continue with the microeconomics of European integration (for example, we discuss trade liberalisation and the effects of labour market integration and microeconomic aspects of some key EU policies). The final part of the module covers monetary integration and its application to monetary and fiscal policy in the EU. Throughout, there is an active use of examples to illustrate the concepts.

Outline Of Syllabus

l. History, institutions, and decision-making in the EU
2. Microeconomics of integration: trade arrangements, labour markets, competition policy
3. Macroeconomics of integration: exchange rate arrangements, the single currency, monetary and fiscal policies in the euro area

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion132:0032:00N/A
Scheduled Learning And Teaching ActivitiesLecture151:0015:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00N/A
Guided Independent StudyIndependent study125:0025:00N/A
Teaching Rationale And Relationship

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

Assessment Methods

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

Description Length Semester When Set Percentage Comment
Written Examination1202A100N/A
Formative Assessments
Description Semester When Set Comment
Written exercise2MIndividual feedback on answers to past exam papers (on demand)
Prob solv exercises2MSeminar questions provided
Assessment Rationale And Relationship

The unseen written exam is an appropriate way to assess students' understanding of the subject and their ability to effectively answer questions within a given time frame.

Reading Lists