Economics of European Integration

About

This course introduces some of the main concepts and methods of international economics and illustrates them with applications drawn from the real world. The first half of the course deals with international trade and policy and looks at the history and economics of EU integration, as well as recent trade issues raised by Brexit. It also focuses on how contemporary global events (e.g. climate change) are impacting on globalisation and trade. The second half of the course covers international macroeconomics issues. This part of the course starts with an overview of fiscal policy and how governments can stabilise economies and the issue of sovereign debt dynamics. We then focus on monetary policy and the role central banks play in stabilising economies and financial markets. We finish with an overview of the various forms of exchange rate regimes, as well as the theory of optimum currency areas and whether the Euro area fits this criteria.

Course leader

Dónal Palcic, visiting professor from the University of Limerick (Ireland).

Target group

Undergraduate / Graduate students. Young professionals welcome.

Course aim

Upon completion of the module, you should be able to:
• Describe the various stages of European economic integration
• Understand how fiscal and monetary policy can be used to stabilise economies
• Understand sovereign debt dynamics post global financial crisis and post-Covid
• Understand the concept of optimum currency areas and the design flaws in the Euro area

Fee info

Tuition fees include participation to courses and exams, as well as access to Audencia premises and online resources. Travel, accommodation and living expenses are not included in tuition.