The Economics of European Integration
Name of module: The Economics of European Integration
Exam number: 5041
Form of the module (i.e. obligatory, elective course): Wahlpflicht
Frequency of module offer: Each winter semester
Prerequisites: Fundamentals of Micro- and Macroeconomics. "Orientierungsphase" should be completed.
Applicability of module for other modules and study programmes:
Serviceveranstaltung für Studierende der Kultur- bzw. Rechtswissenschaften
Person responsible for module: Prof. Dr. Daniel Becker
Name of the professor: Prof. Dr. Daniel Becker
Language of teaching: englisch
ECTS-Credits (based on the workload): 5
Workload and its composition (self-study, contact time):
Kontaktzeit (Vorlesung, Übung, Seminar etc.): 37,5 Std.; Selbststudium: 112,5 Std.
Contact hours (per week in semester): 3
Methods and duration of examination:
It is possible to earn a course requirement (Prüfungsschein). Successful written exam (120 min). Essential requirement for the admission to written exam is an essay (3-4 pages).
Emphasis of the grade for the final grade: Eins
Aim of the module (expected learning outcomes and competencies to be acquired):
Gain an insight into the Economics of European Integration. Learning to apply economic theory to real-world problems.
Contents of the module:
A course in the Economics of European Integration based on the textbook by Baldwin/Wyplosz. Preliminary list of topics:
- A short history and the present state of European Integration
- Essential microeconomic tools
- The essential economics of preferential liberalisation
- Market size and scale effects
- Growth effects and factor market integration
- Economic integration, labour markets and migration
- Essential macroeconomics tools
- The choice of an exchange rate regime (and history) includes impossible trinity
- Optimum Currency Areas
- The Common Agricultural Policy
- Location effects, economic geography and regional policy
- The European Monetary System and the European monetary union
- Fiscal policy and the Stability Pact
- The Financial Markets and the Euro
Teaching and learning methods:
Lecture with integrated tutorial
Literature (compulsory reading, recommended literature):
Baldwin, Richard E. / Wyplosz, Charles: The Economics of European Integration (latest edition).
A more detailed reading list will be distributed via Moodle.