Key Issues in the Political Economy of Europe (modular)

This information is for the 2015/16 session.

Teacher responsible

Dr Robert Hancke COW 2.09


This course is compulsory on the Executive MSc in Political Economy of Europe. This course is not available as an outside option.

Course content

This course forms the core course of the Executive 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 Keynesianism as fiscal intervention by government and of real existing socialism, 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 economies; Economic theory and policy in Europe; The political economy of European integration; EU membership as a reform lever in post-communist Europe and in mature Western welfare states; EU enlargement; Monetary union and its crisis; the evolution of the Single Market.


27 hours of seminars in the MT. 27 hours of seminars in the LT.

Formative coursework

One 2,000 word individual essay, one project, plus a trial 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). 


Essay (50%, 2000 words).
Take home exam (50%) in the ST.

Key facts

Department: European Institute

Total students 2014/15: Unavailable

Average class size 2014/15: Unavailable

Controlled access 2014/15: No

Value: One Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Communication