The MSc in Political Economy of Europe (formerly MSc European Political Economy) embraces economic integration in Western Europe, transition in Central Europe, and enlargement of and accession to the European Union (EU), south-north as well as east-west, since the mid-1970s. The degree considers these processes in the context of historical and current debates about the nature of political economy, allowing students to explore how these different theoretical approaches can fruitfully be applied to policy choices and empirical puzzles in the EU as a whole and in its member-states.
Developments in Europe over the last three decades are in many ways a natural experiment to which political economists can apply their tools and theories. Political economists are interested in how economic and political institutions reinforce, complement or clash with each other; how different norms such as efficiency and fairness affect reform processes; and how bureaucracies and judicial systems influence the integration of markets and welfare states.
Understanding the different processes of economic integration - the Single Market, EMU, and the latest eastward enlargement - against the background of the existing 'European model(s) of capitalism' is a key focus of the degree.
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