Economic Integration II
| Code | School | Level | Credits | Semesters |
| ECON1014 | Economics | 1 | 10 | Spring UK |
- Code
- ECON1014
- School
- Economics
- Level
- 1
- Credits
- 10
- Semesters
- Spring UK
Summary
This module introduces students to the economics of integration. It analyses the economic rationale for, and practice of, policy co-ordination and harmonisation both at the European and at a global level. An examination of the economic rationale for common EU policies is followed by an analysis of such examples as the common agricultural, trade and regional policies, and the operation of the European Budget. At the global level cooperation in trade, finance and development policies is reviewed in relation to the operation of institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank. The module aims to combine principles of economic analysis with an assessment of the impact of international policy coordination.
Target Students
Available for Year 1 Undergraduate students on Economics degree programmes.
Classes
This module is delivered through a combination of lectures and tutorials.
Assessment
- 100% Exam 1 (1-hour): Exam
Assessed by end of spring semester
Educational Aims
To introduce the economic analysis of common EU level policies, applying basic microeconomic principles.To provide insight into the economic consequences of harmonising government interventions in a regional economic group.To provide an understanding of the objectives, actions and consequences of common EU level economic policies.To assess the consequences of integration measures in the European Union for non-member countries.To provide insight into the economic consequences of coordinating economic policies through international economic institutions.ObjectivesTo demonstrate the economic rationale for international cooperationTo provide an understanding of the economics of the Common Agricultural Policy and EU level Regional/ Cohesion PolicyTo provide an analysis of the costs and benefits of EU enlargementTo provide an understanding of the external economic impact of EU policies, and in particular measures affecting developing countriesTo provide an understanding of the economic function and performance of international economic institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank.This module helps develop skills in reflection of understanding of material through tutorial questions.Learning Outcomes
On completing this module, the learning outcomes are such that students will be able to:
Knowledge and Understanding:
- A2 Apply core economic theory and economic reasoning to applied topics
- A6 Extensive knowledge and skills in specific specialisms in economics
Intellectual Skills:
- B1 Work with abstract concepts and in a content of generality
Professional / Practical Skills:
- C1 Discuss and analyse government policy
- C4 Understand the context in which a problem is to be addressed
Transferable Skills:
- D2 Communicate effectively and clearly in written and oral formats.
Conveners
- Dr Maria Garcia De la Vega