Dr W Schelkle, COW. J106.

Compulsory on MSc European Political Economy and students following the MSc European Political Economy on the LSE-Sciences Po Double Degree in European Studies. Optional on MSc European Studies (Research).

This course forms the core course of the MSc European Political Economy. It tries to understand how the relation between state and economy in both Western Europe and Central and Eastern Europe has evolved over the post-war period. Key debates in this regard include the demise of real existing socialism, Keynesianism with an emphasis on fiscal intervention as well as the crisis of monetarism. We also examine how the operation of the EU as a whole, the Single Market and the monetary union in particular, interact with the political economy of European states inside and in the neighbourhood of the Community. The course aims to provide students with both an analytical understanding of and a systematic treatment of empirical issues related to the evolution of the European political economy.
Topics include: State and economy in Europe; Economic theory and policy in Europe; The political economy of European integration; EU membership as a reform in post-communist Europe and in mature Western welfare states; EU enlargement; Monetary union; the creation of a Single Market.

20 x 1hour lectures and 20 x 1.5hour seminars (MT and LT);
1 x 1hour revision lecture and 1 x 1.5hour revision seminar (ST)

Two individual essays, one group essay plus a mock examination.

Kenneth Dyson and Kevin Featherstone, The Road to Maastricht (Oxford University Press,1999); Barry Eichengreen, The European economy since 1945: coordinated capitalism and beyond (Princeton University Press, 2007); Paul De Grauwe, The Economics of Monetary Union (Oxford University Press 2005, 6^th ed.); Gérard Roland, Transition and Economics: politics, markets and firms (Cambridge MA: The MIT Press 2000); Helen Wallace, Mark A. Pollack and Alasdair R. Young(eds.). Policy-making in the European Union (Oxford University Press 2010, 6th ed.); Bob Hancké, Martin Rhodes and Mark Thatcher, Beyond Varieties of Capitalism (Oxford University Press 2007).

One three-hour written examination in ST (100%)