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Syllabus:

Economics BA (C), European Economic Integration, 7,5 Credits


General data

Code: NA007G
Subject/Main field: Nationalekonomi
Cycle: First cycle
Progression: (C)
Credits: 7.5
Progressive specialization: G1F - First cycle, has less than 60 credits in first-cycle course/s as entry requirements
Answerable department: Department of Business, Economics and Law
Answerable faculty: Faculty of Human Sciences
Established: 9/21/2009
Date of change: 6/10/2013
Version valid from: 8/30/2013

Aim

To ensure students can apply economic concepts to the analysis of a range of economic policy problems, with specific emphasis on economic integration issues. To give the students an economic understanding of the process of European integration.

Course objectives

By the end of this course, students should:

-Understand the impact of economic integration on trade patterns, the location of economic activity, and the welfare of various groups of agents.
-Understand the effects of monetary integration, including Monetary Union, and its impact on the ability of governments to conduct independent fiscal and monetary policy.
-In addition, students should be aware of the potential contribution and limits of economic analysis to ongoing economic integration debates.

Content

This course of European Economic Integration combines economic analysis of
integration with an understanding of the integration methods employed in the
European Union. The course offer an extensive economic analysis of the monetary
union, the euro, the monetary and fiscal policy in the eurozone. The course analyses the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the Euro. In the first part of the course considers the implications of joining a monetary union through discussion based on an economic cost-benefit analysis. The second part looks at the reality of monetary unions by analysing Europe's experiences, such as how the European Central Bank was designed to conduct a single monetary policy. The course include more discussion of monetary unions outside Europe and, to reflect this fast-moving area, updated coverage of new member states in transition and an updated discussion of the stability pact.

Entry requirements

Economics Ba (A) 30 H E Credits and Ba (B) at least 22,5 H E Credits.

Selection rules and procedures

The selectionprocess is in accordance with the Higher Education Ordinance and the local order of admission.

Teaching form

Lectures and seminars.

Examination form

The examination will be a classroom examination at the end of the course. The examination can be accompanied or replaced by exercises.

Grading system

The grades A, B, C, D, E, Fx and F are given on the course. On this scale the grades A through E represent pass levels, whereas Fx and F represent fail levels.

Course reading

Required literature

De Grauwe, Paul, Economics of Monetary Union., Oxford University Press, 2007, 7