Module ECON2071: EUROPEAN ECONOMICS

Department: Business School (Economics and Finance)

ECON2071: EUROPEAN ECONOMICS

Prerequisites

• Elements of Economics (ECON1011) OR successful completion of Phase 1 of the Economics programme at Shandong University, China.

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• This module builds up on the knowledge that students have acquired in Elements of Economics or equivalent. The module aims to provide students with the theoretical instruments for analysing the major economic issues facing European Union countries. The emphasis in the first term is primarily on the microeconomics of European integration and growth in the EU, whilst the second term concentrates on macroeconomic policies in the EU.

Content

• Part I: The integration of markets in the EU: theory and practice
• Part II: European monetary union

Learning Outcomes

• By the end of this module, students will be able to:
• Analyse the implications of the elimination of tariff and non-tariff barriers in the EU;
• evaluate the effects of EU integration on competion and EU competition policies;
• evaluate the effects of EU integration on growth and regional disparities in the EU;
• analyse the effects of EU integration on labour markets and migration;
• evaluate costs/benefits of monetary unions in light of the theory of optimum currency areas in particular;
• have knowledge of alternative exchange rate regimes;
• have knowledge of the process of European integration;
• have knowledge of the role of the European Central Bank.

• Upon completion of the module, students should be able to apply standard microeconomic and macroeconomic models to key European policy issues.

• Written Communication e.g. through summative assessment.
• Initiative e.g. by searching relevant literature and information

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures, seminars and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in seminar classes and private study. Formative assessment is by means of a test. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

1 test

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University