Economics of the European Union
Instructor: Горан Поповић, PhD, Full Professor
The goal of studying this subject is to convey to students the knowledge of history of the formation of the European Union, its institutions, as well as the theories of regional integration. Students will learn the basic macroeconomic indicators of the European Union: growth, gross domestic product, inflation, investment, unemployment, etc. at the level of the Union and individual countries and regions. They will also learn the common policies of the European Union: trade, industrial, regional, agricultural, rural and monetary, and the budget of the European Union. The knowledge gained in the subject is complemented with the related subjects in the department of International Economics.
|Number of classes per week:
PhD Full Professor
|Learning Outcomes (gained knowledge):
||Upon successful completion of this subject the student will have knowledge about the idea of the formation, development and functioning of the European Union. They will be able to practically apply the acquired knowledge in the analysis of the basic macroeconomic indicators in the European Union, and will acquire knowledge of the trade, industrial, regional, agricultural, monetary and other policies of the European Union, which have a significant impact both on the environment and on the global affairs.
||Introductory lecture. Key political and geo-strategic moments of the EU. The fundamental principles of EU origin.
Historical aspects and basic indicators of the European Union. The EU institutions. The principles and policies of EU enlargement.
Regional integration. Theories of regional integration. Regional integration in the world. Macroeconomic indicators: growth, GDP, inflation, investment, unemployment (at the level of EU and member states). Macroeconomic forecasts at the level of EU and individual member states. Crises in the EU and the Eurozone. Trade policy, industrial policy, competition policy, regional policy, monetary policy. The theory of monetary integration. The emergence and functioning of the Eurozone. The role and importance of the Euro. The functioning of the ECB. The budget of the European Union. Relationship between the EU and the USA. The European Union as a global factor. The future of the EU.
|Teaching Methods and Learning Activities:
||Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic.
||Popović, G. (2009). Economics of the European Union - Macroeconomic Aspects and Common Policies. Banja Luka: Faculty of Economics;
Baldwin, R.; Wyplosz, C. (2006). The Economics of European integration. UK: McGraw-Hill;
Commission of the European Communities. (2009). Brussels, 1. 12. 2009 SEC Volume I, II, III.
|Types of Assessment for the subject:
||Continuous evaluation of knowledge through testing, presentations of seminar papers and oral exam.
Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)
|Special Remarks for the subject: