The Economics of European Integration

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Teaching language: English
EKA: B540011102
Censorship: Second examiner: None
Grading: 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Bachelor

Course ID: B540011101
ECTS value: 10

Date of Approval: 19-02-2018


Duration: 1 semester

Course ID

B540011101

Course Title

The Economics of European Integration

Teaching language

English

ECTS value

10

Responsible study board

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Date of Approval

19-02-2018

Course Responsible

Name Email Department
Timo Friedel Mitze tmitze@sam.sdu.dk

Offered in

Odense

Level

Bachelor

Offered in

Autumn

Duration

1 semester

Mandatory prerequisites

None.

Recommended prerequisites

Basic knowledge in Microeconomics (equivalent to course Mikroøkonomi (9115501)) and Macroeconomics (equivalent to Makroøkonomi (9105601)) are required. Additional knowledge in theories related to International Economics (equivalent to International Økonomi (9342301)) is helpful. 

Aim and purpose

This course equips students with general knowledge in the field of the economics of international integration linked to the main economic policy issues that arise in this context - thereby giving specific reference to the European Union. The course thus enhances the students’ skills in analyzing international economic issues with special reference to issue of international trade, economic growth and development as well as cross-national labor markets. Further, the course provides insight into the principles of monetary integration among countries and discusses advantages and problems therein. When dealing with these issues, strong emphasize is given to the institutional dimension and economic policy. Besides, empirical studies on European and further international integration approaches are included. The course qualifies the students to provide complex analysis on relevant key policy issues in the European Union and a global context. 

Content

Real integration: Mobility of goods, capital and labor 
•Theories of trade integration and tariff analysis related to customs union in perfect and imperfect competitive markets 
•Theories of a Single market both with respect to goods, capital and labor mobility
•Economic policies in the EU such as regional policy, competition policy, industrial policy and Common Agricultural Policy

Monetary Integration: Efficiency and macroeconomic stabilization 
•The theory of optimum currency areas and the controversy on having a single currency
•The European Central Bank and monetary policy in the EU
•Fiscal policy in the EU. The Stability and Growth Pact 
•Policy making and the consequences of the Euro crisis

Learning goals

The student must demonstrate knowledge in:
•Identifying and describing the main historical events and the main institutions in the EU 
•Describing, comparing and explaining different stages of economic integration 
•Describing and explaining spatial effects of trade integration and economic growth
•Describing and explaining labor mobility in the EU and the role of labor market efficiency
•Describing and explaining the following policies of the EU: common agricultural policy, competition policy, industrial policy and regional policy 
•Explaining and identifying data connected to real integration in the EU and relate it to theory 
•Describing, explaining and identifying, costs and benefits of monetary integration 
•Describing and explaining fiscal and monetary policy in a monetary union in both the short and long run and under influence of macroeconomic shocks 
•Describing the institutional set-up of EU financial markets and the role of the European Central Bank 
•Describing and explaining central bank independence and conservatism 
•Explaining the monetary policy strategy of the European Central Bank 
•Describing and explaining the role of fiscal and monetary policy in a monetary union 
•Defining and explaining the Stability and Growth Pact 
•Describing and explaining financial integration and monetary transmission in the EU

The student must demonstrate skills in:
•Analysing and discussing the welfare effects of creating a free trade area, a customs union, a single market for commodities and a common market by using both figures and algebra.
•Analysing theories of economic growth and market size effects of integration
•Analysing theories of international migration and associated welfare effects
•Analysing and criticising the following policies of the EU: common agricultural policy, competition policy, industrial policy and regional policy by using both figures and algebra
•Analysing and discussing costs and benefits of monetary integration and evaluate the monetary union in the EU with respect to costs and benefits 
•Analysing, discussing and evaluating the effects of fiscal and monetary policy in a monetary union in both the short and long run and under influence of macroeconomic shocks 
•Analysing and discussing central bank independence and conservatism and evaluate the set-up of the European Central Bank
•Analysing the monetary policy strategy of the European Central Bank and relate it to data
•Analysing and discussing the role of fiscal and monetary policy in a monetary union
•Analysing and criticising the Stability and Growth Pact by using both figures and algebra

The student must demonstrate competences in:
•Identifying a relevant economic issue related to the EU and to provide a focused analysis of the issue
•Operating as decision maker in public or private institutions in the EU
•Making qualified judgements regarding the effects of economic and monetary integration as well as identifying winners and losers of these processes

Description of outcome - Knowledge


Description of outcome - Skills


Description of outcome - Competences


Literature

Examples
Baldwin, R. and C. Wyplosz (2015): “The Economics of European Integration”, McGraw-Hill, ISBN-13: 978-0077169657.

Reference publications available on the net: 
•Treaty on Establishing the European Community. 
•Treaty on European Union. 
•European Commission "European Economy”, Statistical Annex, latest issue. 

Teaching Method

Scheduled classes:
3 lectures per week in the first 10 weeks of the semester.

Study group type of teaching, where lectures will be provided in intensive sequences during the semester. Furthermore, students are expected to be active during lectures. After the lectures have ended, students will have time during the semester to work on the individual term paper.

Workload

-

Examination regulations

Term paper and Individual oral exam

Name

Term paper and Individual oral exam

Timing

Exam: January (December for external exchange students). 
Reexam: February.

Tests

Exam

Name

Exam

Form of examination

Home assignment with oral defense

Censorship

Second examiner: None

Grading

7-point grading scale

Identification

Student Identification Card - Exam number

Language

English

Duration

Date for submission will appear from the examination plan.

Length

max. 12 pages (individual) or max. 20 pages (group of 2 students).

Examination aids

All exam aids allowed. However, it is not allowed to communicate with anybody. 

Assignment handover

 Course page in Blackboard.

Assignment handin

Via SDUassignment in the course page in Blackboard

ECTS value

10

Additional information

The examination consists of 2 parts

1.Term paper (individual or in group of 2 students) 
2.Individual oral exam
One overall grade will be given.

1. Term paper

The term paper has to be submitted before the oral exam. If attending the re-exam, the student will be informed whether a new term paper needs to be written or whether the term paper submitted for the ordinary examination will be accepted. In the latter case, the student will only need to participate in the oral re-exam.

Internet Access: Necessary.
- - - - - - - - - - - - - - -

2. Individual oral exam.
20 minutes with 20 minutes preparation with all examination aids.
- - - - - - - - - - - - - - -

To pass the exam the student must participate in both parts. 
The oral exam is based on the literature in syllabus but there may also be questions for clarifications related to the term paper. 

EKA

B540011102

External comment

NOTE - This course is identical with the former course 9102701 The Economics of European Integration.
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

The student is automatically registered for the first examination attempt when the student is registered for a course or course element with which one or more examinations are associated. Withdrawal of registration is not possible, and students who fail to participate in an examination have used one examination attempt, unless the University has made an exemption due to special circumstances. 

The student is responsible for registering for 2nd and 3rd examination attempt. 

Evaluation at the re-exam may be changed. 

Courses offered

Period Offer type Profile Programme Semester
Fall 2018 Optional HA Strategisk Kommunikation - Odense (sidste optag september 2016) Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional HA International Business - Odense Optag (2015) 2016 Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional HA Generel Erhvervsøkonomi - Odense Optag (2015) og 2016 Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional BA negot Tysk, 180 ECTS, Optag 2017 og frem Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (Spanish), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2018 Optional BA negot Engelsk 180 ECTS Særligt forløb for Markedsføringsøkonomer Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (Spanish), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2018 Optional BA negot Engelsk, 180 ECTS, Optag 2017 og frem Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (Spanish), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2018 Optional BA negot Spansk, 180 ECTS, Optag 2017 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (Spanish), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2018 Optional BSc.oecon (Erhvervsøkonomisk linje) BSc in Economics | Bachelor of Science in Economics | Odense
Fall 2018 Optional BSc.oecon (Samfundsøkonomisk linje) BSc in Economics | Bachelor of Science in Economics | Odense
Fall 2018 Optional Business Management - Odense Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional New Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional New Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional New Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional New Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional AP degree as Financial Controller - Odense Sønderborg Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional AP degree in Marketing Management - Odense Sønderborg Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional AP degree in Financial Management - Odense Sønderborg Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Optional AP degree as in Logistic Management, Service, Hospitality and Tourism Management and Commerce Management - Odense Sønderborg Bachelor of Science (BSc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2018 Exchange students

Teachers

Name Email Department City
Timo Friedel Mitze tmitze@sam.sdu.dk Odense
Torben Dall Schmidt tds@sam.sdu.dk Odense

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