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| ECON0258-1 | European Economics
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| Duration : | 30h Th |
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| Credits/ECTS : |
| Advanced Master in Interdisciplinary Analysis of European Construction | | Premier quadrimestre | | 5 |
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| Bachelor in economical and in management sciences, 3rd year | | Premier quadrimestre | | 4 |
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| Bachelor in economical and in management sciences, 3rd year | | Premier quadrimestre | | 3 |
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| One-year preliminary programme leading to the Master in Economical Sciences, general orientation | | Premier quadrimestre | | 4 |
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| Master in Economical Sciences, in-depth approach, 1st year | | Premier quadrimestre | | 5 |
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| Master in Economical Sciences, in-depth approach, 1st year | | Toute l'année | | 5 |
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| Master in Economical Sciences, didactic approach, 1st year | | Toute l'année | | 5 |
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| Master in Economical Sciences, didactic approach, 1st year | | Premier quadrimestre | | 5 |
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| Master in Economical Sciences, Professional Focus in Economic Policies and Analysis, 1st year | | Toute l'année | | 5 |
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| Master in Economical Sciences, Professional Focus in Economic Policies and Analysis, 1st year | | Premier quadrimestre | | 5 |
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| Master in Management Sciences, professional Focus (Full english), 1st year | | Premier quadrimestre | | 4 |
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| Master in Management Sciences | | Premier quadrimestre | | 4 |
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| Holder(s) : | Joseph Tharakan |
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| Language : | Langue anglaise |
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| Course contents : | 1. Introduction
The aim of this course is to familiarise students with economic reasoning applied to the process of European economic integration. Using economic models, it introduces students to the economic logic behind European policies.
2. Course content
Introduction
- History
- Law, Institutions and the Budget
- Decision Making
Economic aspects of European economic integration
- The Essential Economics of Preferential Liberalization
- Market Size and Scale Effects
- Growth Effects and Factor Market Integration
EU policies
- The Common Agricultural Policy
- Location Effects, Economic Geography and Regional Policy
Monetary aspects of European integration
- A monetary history of Europe
- The choice of an exchange rate regime
- The European Monetary System
- Optimum Currency Areas
- The European Monetary Union
Other economic aspects of European economic integration
- Fiscal policy and the stability pact
- The financial markets and the Euro
- Economic integration and labour market institutions |
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| Course objective : | This is an introductory course in the economics of the European Union. Upon completion of the course, students should :
- be familiar with facts and figures about the European Union;
- understand the main problems linked to the European economic integration and the main policies adopted by the EU,
- be able to explain them accurately and concisely;
- understand and apply economic reasoning to different issues linked to the formation of the EU
- using this economic reasoning develop their own critical thinking with respect current EU policies |
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| Prerequisites : | Ideally, students will have had introductory classes in microeconomics and macroeconomics.
This course requires students to be interested in improving their analytical skills, reasoning skills in the field of economics. |
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| Organization : | 1. Approach followed
The course consists essentially of lectures. Certains points are illustrated by current news items..
Students are advised to:
- prepare lectures by reading the relevant chapters of the textbook
- attend classes (Powerpoint slides downloadable from Lola before each lecture are deliberately incomplete)
- make sure that they are capable of explaining with precision each element of economic logic developed during classes.
2. Course schedule
The class format is a module of 6 weeks with 2 x 2 hours each week. The exam is held during the week of evaluation after the end of the module.
3. Distribution workload
24h lectures ;
12h of reading of the textbook in preparation of the lectures;
6h of reading current news topics related to themes covered during classes;
20h study time;
4h exam. |
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| Written notes : | Powerpoint slides will be available to download before each lecture.
Textbook: Richard Baldwin and Charles Wyplosz, The economics of European integration, McGraw-Hill |
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| Assessment : | 1. Evaluation criteria
It will be an closed book open questions exam.
Evaluation will be based on the student's
- knowledge of facts and figures about the EU
- capacity of understanding economic reasoning as well as the capacity of explaining it in a accurate and concise way;
- capacity to apply economic concepts and reasoning to European economic issues as well as to comment on current events and debates in the news
2. Evaluation calendar
The exam takes place during the week following the bloc as well as in August. |
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| Contacts : | Professor: Joseph Tharakan - e-mail: J.Tharakan@ulg.ac.be
Assistant: Achraf Tarsim
e-mail: A.Tarsim@ulg.ac.be
Ph: 04 366 29 65
Office: B. 31 - 1.56
Secretary: Claudine Chmielewski
Tél. : 04/366.31.08 |
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