The Economics of European Integration

Università Cattolica del Sacro Cuore

Course Description

  • Course Name

    The Economics of European Integration

  • Host University

    Università Cattolica del Sacro Cuore

  • Location

    Milan, Italy

  • Area of Study

    Economics, Government, International Economics, International Trade

  • Language Level

    Taught In English

  • Prerequisites

    Microeconomics and Macroeconomics is preferred

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    The year 2007 marked the 50th anniversary of the Treaty of Rome, which established the European Economic Community (EEC). Since then, barriers to trade have been abated so that the European Union (EU) -- as the community has been renamed in the early `90s -- is now considered a free trade zone. Moreover, in the late `90s some member countries have given up national currencies and adopted a single currency, the Euro, within the European Monetary Union (EMU). European integration therefore takes the form of a process of political integration, trade liberalization and monetary unification. The aim of the course therefore consists in tracing the process of European integration from
    1. the political-institutional viewpoint, with particular reference to the evolving political context, the progress of enlargement which has widened the membership of the EU from the original six members to the current 27 and the development of institutions embodying the different stages of integration;
    2. the economic viewpoint, with particular reference to the benefits and costs of abating (both tariff and non-tariff) trade barriers, and to the role of the labor market;
    3. the monetary and currency viewpoint, with particular reference to the benefits and costs of establishing a monetary union, the different stages of monetary integration, the strengths and weaknesses of institutions designed to implement the monetary union.

Course Disclaimer

Courses and course hours of instruction are subject to change.

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Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.