Students

• Know and understand institutions and decision making within EU
• Know and understand principles of economic and monetary integration
• Analyse effects of EMU
• Assess the forces and outcomes of integration

History, institutions, power

• Single Market
• Goods
• People
• Services
• Networks
• State owned
• Capital, FDI

EMU (Economic and Monetary Union)

• Primer: Monetary policy and exchange rates
• Pros and cons of a common currency
• Pitfalls and problems of the EMU
• EMU and convergence
• Crisis of Euro?

• Baldwin, R. E. and C. Wyplosz (2009). Economics of European Integration. London
• Baldwin, R. E.: The EURO’s trade effects, in: ECB working paper (594) 2006
• Brasche, U.: Europäische Integration, München 2012
• DeGrauwe, P.: The economics of monetary integration, Oxford 2006
• Dierx, A., F. Ilzkovitz and K. Sekkat, Eds.: European integration and the functioning of product markets. Cheltenham [u.a.] 2004
• Pelkmans, J. (2006): European integration – Methods and economic analysis, Harlow et al.
• Rose, A. K.: One money, one market: The effect of common currencies on trade, in: Economic Policy (April): 9-45, 2000:
• Recent information on the institutional development of the EU (Constitution, Reform Treaty etc.)

Mix of lectures and group work; presentations by students; case studies; preparation by working through a reading list