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European Integration 2 (M1)


Spring semester 2015.

For obvious reasons, in light of Mondays' exam, my slides are no more accessible.

While European monetary integration was covered in the first semester, this course at the Master (M1) level addresses the real side of European Economic Integration. In the first part of the course students will get familiar with the basic tools economists use to address issues related to economic integration. At the same time the first parts provides an overview of the main historical and institutional facts on European integration that are the necessary foundation of well informed economic analysis. In the second part of the course students will use the tools and knowledge they acquired in the first part to address some of the major EU policy issues. A third part will cover different topics in International Economics with special emphasis of their role for European Economic Integration.

The main text book of the course is Baldwin and Wyplosz, The Economics of European Integration, 4rth edition, 2012, McGraw-Hill. Additional reading lists for the different chapters will be provided in class. The pedagogical concept of the course implies a mixture of model based economic analysis and the presentation and discussion of the major facts on European economic integration in each class. The course language is English.

Office hours:
on Tuesdays, by appointment.


my slides will be available to students after the course. Notice however that slides are just a starting point for discussion and not a manual!

written exam consisting in questions and exercises. The exam language is English. No dictionaries are allowed during the exam. Having said that, you don't need to speak a perfect English to write a perfect exam!


Exam May 2013


1- History. (Download)
More recently: 1 The Guardian; 2 Reuters

2- Facts law, institutions and the budget (Download)
Article 1
Article 2
Details about the budget, here

3 - The Eurozone in crisis:
a) The Stability Pact (Download)
All details about current SGP, here
Some discussion on Greek "smart debt engineering", here ("Free exchange, Linked In", from The Economist, 7/2/2015)

b) The Eurozone in crisis (Updated till 12/2/2015, here).
News from Time here.
BBC on Greek elections, here
The Guardian on the new Greek govt. here
The Economist, here

4/2/2015: ECB decision on Greek bonds eligibility to be used as a collateral
Official press release, here.
Some discussion, here ("The Enforcer", from the Economist, 7/2/2015).

Banking Union: Official infonfo, here. Also here
Article 1; Article 2; Article 3.
The OMT program, official press release here

4- Micro-tools

5- Preferential Liberalization
Article 1.

6- Market size (monopolistic competition)

7- Growth effects and factor market integration (not in this year program)

8- Economic integration, labor markets, migration (not in this year program)

9 - The CAP
10- Regional policy (not for this year program)

11- Competition policy
Article 1.

12- Trade policy

Problem sets:
1- Problem set 1

2- Problem set 2

3- Problem set 3

4- Problem set 4

5- Problem set 5

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