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EC235: Economics of European Integration


Course Content

This course introduces the main economic aspects of the current development of the European Union (EU) and its policies. The course covers the genesis of the process of European Integration and its economic impacts on individuals, firms and regions. Special attention will be devoted to the analysis of the economic opportunities and challenges generated by economic integration and to the assessment of the policies designed to support this process and mitigate its potential side-effects. The topics covered will include:

  • The early phase of the EU: trade integration
  • The Single European Act (SEA) and the effects of free movement of persons, capital, goods and services within the EU
  • Innovation and technological development in the EU
  • The geography of EU income and unemployment disparities: comparing the EU with the US, China and India
  • How the EU promotes growth and employment: Europe 2020 and Smarth Growth Agenda
  • Opportunities and challenges for Multinational Firms in the EU market
  • The Common Agricultural Policy (CAP) and its evolution
  • The EU Regional Policy and its future for the 2014/2020 period
  • EU enlargement, EU Neighboring Countries and migration
  • The theory of Optimal Currency Areas (OCA): is the EU an OCA?
  • The European Monetary Union (EMU)
  • Monetary policy in the EU and the Euro
  • European social policy and labour markets
  • Facts and ideas about the ongoing economic crisis

Institutional, political and historical material will be referred to when it is necessary to understand the economics of the EU. This course is highly relevant to students and scholars interested in the EU and its economics but also to policy makers and executives wanting to know more about the opportunities offered by this dynamic and expanding economic space.


R. Baldwin, and C. Wyplosz, The Economics of European Integration, 4th edition, 2012,  McGraw Hill.

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice



Session: Two

Dates: 27th July – 14th August 2015

Lecturer: Dr Riccardo Crescenzi|
Dr Neil Lee

Level: 200 level|

Fees: Click here| for information

Prerequisites: Introductory microeconomics and macroeconomics. Elementary statistics and mathematics are also desirable

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3 credits (US) 7.5 ECTS points (EU)

How to apply?|

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*assessment is optional – see FAQs|

**You will need to check with your home institution. Read more about credit transfer here|.