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Since the Treaty of Rome in 1957, the European Union (EU) has grown from a small customs union with six member states to become the largest integrated market in the world, with 25 members, 400 million citizens and a combined gross domestic product larger than that of the United States. This course provides an economic analysis of the processes and policies which have driven Europe's economic and political integration, exploring the implications of a single market in which goods and services, labour and capital can move freely.
The European Union (EU) is the most successful example of regional integration, which started in 1950s, when six founding members have established the European Coal and Steel Community (ECSC) through Treaty of Paris (1952) and the European Economic Community (EEC) and the European Atomic Energy Community (EURATOM) through the Treaty of Rome (1957). The membership has grown to 28 countries in the meantime, and 18 counties have adopted Euro as a single currency. The EU, with over 500 million citizens and a combined gross domestic product larger than that of the United States, now represents the largest integrated market in the world. This course provides an economic analysis of the processes and policies of European integration, and explores the external economic dimension of the whole process.
Aims:To critically understand the economic rationale for, and empirical effects of, economic and monetary integration in EuropeTo be equipped with in-depth knowledge of core Community policies that constitute an integral part of European economic integrationTo be able to use micro- and macroeconomic theory to analyse EU policyObjectives — by the end of the course you will have acquired:A knowledge of the history of European economic integration since 1950sA critical understanding of challenges and opportunities of EU integration projectsThe ability to analyse the economic effects of EU integration policiesA critical understanding of the political economy of EU’s economic diplomacy
(1) ECON104 and ECON105; and (2) Any 30 points above 100 level; and (3) a further 45 points at any level. RP: ENGL117 or an essay-based course.
ENGL117 or an essay-based course.
(Australian National University)
European integration : methods and economic analysis
Financial Times Prentice Hall, 2006.
Grauwe, Paul de;
Economics of monetary union
Oxford University Press, 2012.
Additional readings will be provided as electronic files.
Domestic fee $737.00
International fee $3,125.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Department of Economics and Finance