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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 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 Smart 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 in the post-2020 Europe
  • EU enlargement, EU Neighbouring Countries and migration     
  • The sustainability of European welfare states in a single market
  • 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
  • The impact of the economic crisis and Brexit

The course will touch on the institutional, political and historical background of European integration, though its main focus is on the economic analysis of the policies and prospects for the European Union. Some recent developments in the international policy agenda like sovereign debt crises, Brexit and the euro crisis will also be covered.

Course outcomes

This course is highly relevant to students and scholars interested in expanding their knowledge of the EU and its economics, but also to policy makers and executives wanting to know more about the opportunities offered by the EU, its markets and institutions.

World-class LSE teaching              

The LSE Department of Economics is one of the biggest and best in the world, with expertise across the full spectrum of mainstream economics. A long-standing commitment to remaining at the cutting edge of developments in the field has ensured the lasting impact of its work on the discipline as a whole.

It is a leading research department, consistently ranked in the top 20 economics departments worldwide. This is reflected in the 2014 Research Assessment exercise which recognised the Department's outstanding contribution to the field

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s economics faculty.




R. Baldwin, and C. Wyplosz, The Economics of European Integration, 5th edition, 2015, 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: Three

Dates: 31 July - 18 August 2017

Professor 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**: 3-4 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.