ECONOMICS OF EUROPEAN INTEGRATION
This course provides a set of analytical tools to understand the economic processes of international integration focusing on the specific case of the European Union (EU). Specifically, the course aims at:
- providing the ability to understand EU economic and commercial policies, and the role played by national and European institutions in determining how policies are designed and implemented.
- developing the skills of the student to investigate EU economic policies and evaluate their impact on EU State members and other countries.
- strengthening the ability of the student to conduct her/his own research by collecting the appropriate scientific resources and studying specialistic scientific publications about the EU.
Good knowledge of microeconomics, basic knowledge of calculus and statistics.
1. Multilateralism and regionalism. 2. Economic and political history of the European integration process. 3. EU competences, the three-pillars system, main institutions. 4. EU processes of decision-making. 5. Main economic and trade policies of the EU.
The course consists of two parts. In the first, it is analyzed the economic and political history of the European integration, and the effectiveness of EU decision processes. The methodological tools used in this part are taken from the theory of public choice and that of the economic analysis of the democratic political process. In the second, it is discussed the microeconomics of the European integration. The focus will be put on the main theories of international economic integration, and on the tools of strategic trade policies. Specific relevance will be given to the analysis of free trade areas, monetary unions, growth and development processes, policies of regional cohesion.
The course is structured in 48 hours of class, including exercises. Students’ attendance is strongly encouraged. Exercise classes will include the presentation of empirical evidence and case studies.
R. Baldwin, C. Wyplosz (2004), L'economia dell'unione europea: storia, istituzioni, mercati e politiche, Hoepli.
Additional material will be assigned during the course.
Written exam, with open-ended questions. The aim is to assess the knowledge, comprehension and communication skills developed by the student.