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Since the Treaty of Rome in 1957, the European Union (EU) has grown from a small customs union with six member states to become the largest integrated market in the world, with 28 members, more than 500 million citizens and a combined gross domestic product larger than that of the United States. This course provides an economic analysis of the processes and policies which have driven Europe's economic and political integration, exploring the implications of a single market in which goods and services, labour and capital can move freely.
This course provides economic analysis on the process and policies of European integration, the synergy of economic integration and social harmonization in Europe, EU’s economic relations with external entities such as New Zealand, the United Kingdom, China and the United States, and EU’s concept on the WTO reform.Since the Treaty of Rome in 1957, the European Union (EU) has grown from a small customs union with six member states to the largest and most successfully integrated economic entity in the world, with 27 members, more than 500 million citizens and a combined gross domestic product close to that of the United States. By deepening, integration and harmonization has gradually upgraded from first pillar (community) towards second (Common Foreign and Security Policy) and third pillar (Judicial and Internal Affairs Cooperation). European economic integration concentrating in the community pillar is the most fruitful field of the European integration, from European Coal and Steel Community (ECSC) to the European Economic Community (EEC), Custom Union, Single Market and to the Economic and Monetary Union (EMU), while implementing series of common policies such as Common Agricultural Policy (CAP), Common Competition Policy, trade policy as well as reginal policy etc. At the same time it has been facing significant challenges like globalisation and again, the sovereign debt crisis and the recent Brexit influencing the EU greatly both in economy and in politics.In addition to that, this course highlights the topical issues of the European Union, including Brexit, trade between the EU and the NZ, and the EU’s concept on the WTO reform by addressing at its root and giving detailed analysis from the economic perspective. To be specific, this course analyses Brexit Trade Talks and the possible types of post-Brexit UK-EU economic relations with the focus on important concepts such as passporting rights and regulatory equivalence. It also offers analysis on the short-term and long-term effects of Brexit on the economy of UK and the EU respectively and looks into the future changes. It discusses the economic relation between the EU and the NZ with the focus on the main bargaining issues in FTA negotiation and the possible economic impact. Furthermore, it examines main challenges currently facing the WTO and the EU views and proposals of the WTO reform. The economic relation between China and EU during the Trump period are also discussed in depth, together with the BIT (CAI) negotiations.This course provides an economic analysis of the process and policies, which have driven Europe's economic and political integration, and explores the implications of integration. It also addresses new EU topics, including QE, Multi-speed Europe.
As a student in this course you will be able to: Acquire knowledge of the history of European economic integration since early 1950s. Analyse the economic effects of main EU integration policies. Understand the mechanism of internal market integration, especially in the aspect of monetary integration, and explore the causes of sovereign debt crisis, evaluate effects of rescue policies. Comprehend the economic diplomacy of EU, be equipped with knowledge of popular economic negotiations and analyse its economic relations with main partners. Reflect on the interactive relation of economic integration and social harmonization, and critically evaluate the outcomes of Europe integration concerning challenges.
Any 30 points at 200 level in EURA orECON, orany 60 points at 200 level from the Schedule V of the BA
Students must attend one activity from each section.
For further information see
Department of Economics and Finance Head of Department
Additional readings will be provided as electronic files on Learn.Other material, which may be helpful, can be found in the Library Subject Guides
Domestic fee $831.00
International fee $3,875.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Department of Economics and Finance.