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AECO 1345A - Economics of the European Union

Type d'enseignement : Lecture and tutorials

Semester : Autumn and Spring 2017-2018

Number of hours : 48

Language of tuition : English

Pre-requisite

Des connaissances de base en analyse économique (niveau 1re année de Collège).

Course Description

The course analyses the functioning of EU economic integration, with special focus the Euro zone. It emphasizes the ways in which the European Single Market for goods, services and capital impinges on the ability of national governments and European institutions to conduct economic policies. The implications of monetary union for the functioning of member states' economies and domestic policies are analyzed with the help of macroeconomic tools. The various aspects of economic governance of the European monetary union are studied within the framework of modern political economy. And structural aspects of the European integration (external economic relations and the role of the EU in globalization, banking and financial regulation, the economic implications of population aging, the transition to a low-carbon economic growth path) will also be dealt with by mobilizing the most recent analyses.

Teachers

LE CACHEUX, Jacques (Professeur des Universités)

Course validation

Evaluation for this course is based on a final, 2000-word essay. The essay should be scholarly written, with sound economic reasoning, relevant empirical material, and appropriate bibliographical references. The theme of the essay will be chosen by the student, in agreement with the professor, either from a list of topics circulated at the beginning of the semester, or proposed by the student.

Required reading

  • Richard BALDWIN and Charles WYPLOSZ, The Economics of European Integration, McGraw-Hill, most recent edition: 5th edition, 2015
  • Paul DE GRAUWE, The Economics of Monetary Union, Oxford University Press, most recent edition
  • Jean-Paul Fitoussi and Jacques Le Cacheux, eds., Report on the State of the European Union, volume 3: Crisis in the EU Economic Governance, Palgrave, 2010
  • Jacques LE CACHEUX and Eloi LAURENT, Report on the State of the European Union, volume 4 – Is the EU Sustainable?, Palgrave, 2015

Senior lecturers

  • COSTE, Frédéric B. (Doctorant en Science Politique)
  • LE MOIGN, Caroline (économiste à l'Autorité des Marchés Financiers)