European economic integration has been a fascinating process of deepening, widening and enlargement during the past 50 years or so. It has involved economic policy makers, regulators, business and various interest groups. The study of economic integration in Europe touches upon a range of specialized fields in economics, such as public economics, international economics and covering macroeconomics as well as terms of trade and investment at the level of firms and industries agricultural, industrial and regional economics, and more recently, international finance and capital markets. The course will start with an overview of the key elements of European legislation aimed at creating a European internal market in which there is a free flow of goods, persons, capital and services. Next, we will pay attention to the important process of financial and monetary integration in Europe including the huge daily flows of money and financial assets. Specifically, we will deal with issues such as: * banking and the recent financial crisis * fiscal and monetary institutions in the eurozone * sovereign risk and the recent crisis in the eurozone *
Bachelor courses in macroeconomics, microeconomics, international economics and financial economics
Type of instructionsLectures and tutorials
Type of examswritten exams, assignments
- R. Baldwin & Wyplosz, The Economics of European Integration, McGraw Hill, fifth edition, 2015.
- Tom Kokkola (ed), The Payment System, ECB, 2010, ISBN 978-92-899-0633-3. Book is downloadable from the ECB's website (free of charge)