Political Economy of Europe

This information is for the 2013/14 session.

Teacher responsible

Dr Waltraud Schelkle COW 1.06


This course is compulsory on the MPA in European Public and Economic Policy, MSc in Political Economy of Europe and MSc in Political Economy of Europe (LSE and Sciences Po). This course is available on the MSc in European Studies (Research). This course is not available as an outside option.

Course content

This course forms the core course of the MSc Political Economy of Europe. 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 European countries; 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 and its crisis; the evolution of the Single Market.


10 hours of lectures and 15 hours of seminars in the MT. 10 hours of lectures and 15 hours of seminars in the LT. 1 hour of lectures and 1 hour and 30 minutes of seminars in the ST.

Formative coursework

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

Indicative reading

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 2012, 7th ed.); Gérard Roland, Transition and Economics: politics, markets and firms (Cambridge MA: The MIT Press 2000); Ben Rosamond, Theories of European Integration, (New York: St Martin’s 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).


Exam (100%, duration: 3 hours) in the main exam period.

Student performance results

(2009/10 - 2011/12 combined)

Classification % of students
Distinction 9.1
Merit 70.6
Pass 20.3
Fail 0

Key facts

Department: European Institute

Total students 2012/13: 72

Average class size 2012/13: 15

Value: One Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Communication

Course survey results

(2010/11 - 2012/13 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 88.4%



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