ECON339-17SU1 (C) Summer Jan 2017 start

The Economics of European Integration

15 points

Details:
Start Date: Monday, 2 January 2017
End Date: Sunday, 12 February 2017
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 6 January 2017
  • Without academic penalty (including no fee refund): Friday, 27 January 2017

Description

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.

European integration started in early 1950s, and has made significant progress, which is regarded nowadays as the most successful example of regional integration in the world. By enlargement, the membership has increased from 6 to 28 states; and 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) with Euro as a single currency, while implementing series of common policies such as Common Agricultural Policy (CAP), Common Competition Policy etc. European economic integration has been strengthened step by step, and the EU as a whole became the biggest economic entity and the largest integrated market in the world. At the same time it has been facing significant challenges like the sovereign debt crisis.  This course provides an economic analysis of the processes and policies of European integration, and explores the external economic relations, as well as the synergy of economic integration and social harmonization.

LECTURE TOPICS
Following a brief introduction to the institutions shaping  European integration, this course provides an economic analysis of its processes and policies, which have driven Europe’s economic integration and social harmonization. The integration process has totally resharpened Europe on one hand, and strongly influenced the world on the other hand. We will analyse this from both theoretical and practical perspectives.
The course is composed of five parts:

• Part I: An  Introduction of the origin, evolution and prospects for European Union, including its institutions, decision making mechanism, process of internal market etc..

• Part II: Main Economic Policies of the European Union, covering the Common Agricultural Policy (CAP), Common Competition Policy, Structural and Regional Policy.

• Part III: Monetary Integration of the EU, focusing on the analysis of the European Monetary System (EMS) and Economic and Monetary Union (EMU) and sovereign debt crisis.

• Part IV: External economic relations of EU, including the analysis of trade policy, WTO, FTA negotiations  and economic relations between EU and its partners such as New Zealand  and China.

• Part V: Economic integration and social harmonization.

(Image: "European Investment Bank Luxembourg (view from S)" by Palauenc05, licensed under CC BY-SA 3.0

Learning Outcomes

  • Objectives — after their work in this course, students are expected to 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 and analyse its economic relations with main partners.

  • Reflect on the interactive relation of economic integration and social harmonization.

Prerequisites

(1) ECON104 and ECON105; and (2) Any 30 points above 100 level; and (3) a further 45 points at any level. RP: ENGL117 or an essay-based course.

Restrictions

EURO339, EURA339

Equivalent Courses

Recommended Preparation

ENGL117 or an essay-based course.

Course Coordinator

For further information see Department of Economics and Finance Head of Department

Indicative Fees

Domestic fee $775.00

International fee $3,188.00

* 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 .

All ECON339 Occurrences

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