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POLITICAL ECONOMICS
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POLITICAL ECONOMICS
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Academic year 2019/2020
- Course ID
- SEM0082
- Teacher
- Francesco Passarelli (Lecturer)
- Year
- 2nd year
- Teaching period
- First semester
- Type
- Related or integrative
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-P/02 - politica economica
- Delivery
- Formal authority
- Language
- English
- Attendance
- Optional
- Type of examination
- Written
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Sommario del corso
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Course objectives
The course aims at analysing the process of economic and political integration of the European Union. It adopts both a theoretical and a policy perspective.
The first part of the course explores the economic rationale behind the European integration process. It presents models studying the economic consequences of trade liberalization (customs unions, free trade areas).
The course then moves on in studying the main internal and external policies undertaken by the EU (agriculture, cohesion, the Single market policy, and the Economic and Monetary Union), as implemented using the resources of the EU budget.
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Results of learning outcomes
At the end of the course, students should have achieved a thorough understanding of the main issues behind the process of European integration, as well as the ability to assess the main aspects of the business environment in which firms operate when dealing with the European markets.
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Course delivery
By the end of the couse, studets will have a deep understanding of the functioning of the European Union and the rationale of its economic policies. This course will help students in approching career in International institutions and organizations.
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Learning assessment methods
Most of the course will consist in lessons delivered by the professor.
At the middle of the course, attending students will be split in 5-6 students teams. Every student will be part of one team.
Each team will focus on one topic representing an open issue in current EU policy-making agenda and will make an in-class presentation towards the end of the course. Trade policy, competition, and External relations will be covered by the in-class presentations of the working groups. Presentations will last approximately 45 mins and will be followed by an in-class discussion. Groups will be formed and topics will be assigned by the professor.
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Program
- EU in the global arena
- EU Enlargement
- Classic Theory of Economic Integration
- Free Trade Areas
- Customs Unions
- Economies of Scale
- Single Market
- Budget
- Common Agricultural Policy
- Cohesion Policy
- EMU Foundations
- EMU and the crisis
- The political power of member countries
- Trade policy*
- Competition*
- External relations*
*-> covered by in-class presentations of student teams
Suggested readings and bibliography
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In order to provide updated information, the main materials of the course are included in the lecture notes (slides). They will be available for downloading in due time during the course.
There is no proper textbook for this course. A tentative reference book is: The Economics of the European Integration, by R. Baldwin and C. Wyplosz, McGaw Hill (last available edition). But course materials go far beyond the content of this book.
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Class schedule
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Note
EXAM
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In-class midterm written exam, counting for 40% of the course grade. The exam covers the lectures, the readings, and other material handed out or discussed in class up to that time. It will include open and multiple choice questions.
- Final written exam, counting for 40% of the course grade, administered during the first time slot assigned by the University. The final exam covers only the lectures, the readings, and other material handed out or discussed in class from the midterm up to the end of the course. It will include open and multiple choice questions.
- Teams’ in-class presentations weigh 15% of the final grade. In-class participation during discussion will be graded and will weigh 5%.
- Students not taking intermediate exam or teamwork, or those whose grade in the intermediate test is seriously unsatisfactory, can take a general written exam. The general exam covers the entire program including the topics covered during in-class presentations. General exams will be held on official exams dates assigned by the University.
- Students are warmly invited to attend the lessons and take the exam in the form of partial tests and teamwork.
- If the final grade is sufficient students willing to refuse the grade must contact the professor before refusing. Should the grade be not sufficient, the exam can be re-taken (covering the entire program) on the second next available official date.
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