EURO339-15SU1 (C) Summer Jan 2015 start

The Economics of European Integration

15 points

Start Date: Monday, 5 January 2015
End Date: Sunday, 8 February 2015
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 9 January 2015
  • Without academic penalty (including no fee refund): Friday, 23 January 2015


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.

Learning Outcomes

  • Aims:
  • To critically understand the economic rationale for, and empirical effects of, economic and monetary integration in Europe
  • To be equipped with in-depth knowledge of core Community policies that constitute an integral part of European economic integration
  • To be able to use micro- and macroeconomic theory to analyse EU policy

    Objectives — by the end of the course you will have acquired:
  • A knowledge of the history of European economic integration since 1950s
  • A critical understanding of challenges and opportunities of EU integration projects
  • The ability to analyse the economic effects of EU integration policies
  • A critical understanding of the political economy of EU’s economic diplomacy


Any 105 points from the BA, BCom, BForSc, BSc or LLB schedules including ECON104 and ECON105 and at least 30 points above 100 level. RP: ENGL117 or an essay-based course.


Equivalent Courses

Recommended Preparation

ENGL117 or an essay-based course.

Guest Lecturers

Sung-Hoon Park (Korea University) and William Shannon (Australian National University)


Assessment Due Date Percentage  Description
Essay - 3,000 words 30 Jan 2015 35%
Class test 30 Jan 2015 35% Students will be required to answer 2 questions out of 4.
Class attendance and participation in discussion 20%
Occasional homework 10%

Textbooks / Resources

Required Texts

Grauwe, Paul de; Economics of monetary union ; 9th ed; Oxford University Press, 2012.

Pelkmans, Jacques; European integration : methods and economic analysis ; 3rd ed; Financial Times Prentice Hall, 2006.

Additional readings will be provided as electronic files.

Course links

Library portal

Indicative Fees

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 Language, Social and Political Sciences .

All EURO339 Occurrences

  • EURO339-15SU1 (C) Summer Jan 2015 start