2023-2024 / ECON0258-1

European Economics


30h Th

Number of credits

 Master in political sciences : general (120 ECTS)5 crédits 
 Master in political sciences : general (120 ECTS) (CATANE (OUT))5 crédits 
 Master in political sciences : general (120 ECTS) (CATANE (IN)), 1st year5 crédits 
 Master in political sciences : general (60 ECTS)5 crédits 
 Extra courses intended for exchange students (Erasmus, ...) (Faculty of Law, Political Science and Criminology)5 crédits 
 Master in economics : general (120 ECTS)5 crédits 
 Master in economics : general (60 ECTS)5 crédits 
 Extra courses intended for exchange students (Erasmus, ...)5 crédits 


Joseph Tharakan

Language(s) of instruction

English language

Organisation and examination

Teaching in the second semester


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit 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

- 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

Learning outcomes of the learning unit

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

Prerequisite knowledge and skills

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.

Planned learning activities and teaching methods

Mode of delivery (face to face, distance learning, hybrid learning)

Blended learning

Additional information:

Hybrid: podcasts available every week on Lola (lola.hec.uliege.be). Certain sessions will be face-to-face. These will be recorded and available on Lola. All practical information on the organisation of the course will be available on Lola.

Recommended or required readings

Powerpoint slides will be available to download before each lecture.

Textbook: Richard Baldwin and Charles Wyplosz, The economics of European integration, McGraw-Hill

Exam(s) in session

Any session

- In-person

written exam

Written work / report

Continuous assessment

Additional information:

On-line continuous evaluation (25%);  Written exam (25%) and essays to be handed in on the day of the exam (50%)



Work placement(s)

Organisational remarks and main changes to the course

Lectures are taught in English during the second semester.
All the elements for the lectures will be available on the Lola platform (lola.hec.uliege.ac.be)


Professor: Joseph Tharakan - e-mail: J.Tharakan@ulg.ac.be
Assistant: Kelly Cioppa (email: kelly.cioppa@uliege.be)

Association of one or more MOOCs

Items online

Powerpoint slides
Powerpoint slides are available before each lecture on Lola