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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.
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), 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 the sovereign debt crisis and the recent Brexit influencing EU greatly both in economy and in politics.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 TPP, TIP, Brexit and their impacts.LECTURE TOPICSFollowing 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), Euro and the currency union, and sovereign debt crisis.• Part IV: External economic relations of EU, including the analysis of trade policy, WTO, FTA negotiations, TPP, TIP and economic relations between EU and its partners such as New Zealand and China.• Part V: Economic integration and social harmonization, Brexit and its impact.(Image: "European Investment Bank Luxembourg (view from S)" by Palauenc05, licensed under CC BY-SA 3.0.
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, 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 105 points from the BA, BCom, BForSc, BSc or LLB schedules including ECON104 and ECON105 and at least 30 points above 100 level. RP: ENGL117 or an essay-based course.
EURO 339, ECON339.
ENGL117 or an essay-based course.
Sir Michael Leigh (Erskine Fellow)
Jovanovic, Miroslav N;
The Economics of European Integration;
Edward Elgar Publishing, 2013 (Correct ebook ISBN: 9780857933980).
European integration : methods and economic analysis;
Financial Times Prentice Hall, 2006.
Additional readings will be provided as electronic files on Learn.
Library portalLEARN The full Course Outline is available on LEARN (only for students enrolled in this course).
Domestic fee $732.00
International fee $2,975.00
* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.
For further information see
Language, Social and Political Sciences.