Economics of European Integration - Challenges, policies & practices in the European business environment
Volledige vakbeschrijving
Economics of European Integration: Challenges, policies and & practices in the European business environment. The European Union started in 1951 as an attempt to prevent a new World- war in Europe. No other region has displayed similar willingness to give up important parts of national sovereignty in pursuit of a stronger global competitive positioning. The European Union keeps pressuring the integration-process at a pace which is too fast for some and too slow for others. This integration has a direct impact on the daily lives of all citizens in Europe. The course discusses the key economic policy areas of the European Union and offers an analysis of the different approaches to regional economic integration throughout the history of the European Union. The course analyzes the economic bases for the rise of the European Union from its origins in the post-World war II recovery to its historic enlargement in 2004 and 2007. Since Europe accounts for one-quarter of the global economy, half of the global trade and a substantial part of worlds capital markets, this course also looks at the impact of the European Union on other trading blocks like NAFTA. The theory of the economic integration process will be applied to a business setting, with a series of business cases illustrating how a variety of firms are responding strategically to the establishment of the Economic and Monetary Union and the accession of new Member-States. Students are given advice and guidance on using case studies and how to evaluate the strategies choices made by firms.
Doelstellingen van dit vak
Learning objectives: - students will be able to understand the economic and political logic behind the EU integration; - Students will be able to review the EU’s legal system and main legal principles guiding the economic integration, and describe the legislative processes; - Students can understand the economic framework of the decision-making inside the EU - Students should be able to understand the various forms of market- integration in-depth ▪ Students can understand the choice and benefits of the Economic and Monetary Union-concept. Skill development: - Students can address the current challenges facing the EU, including the accession of new Member-States; - Students can apply their knowledge and skills in the area of business strategy to the issues facing firms operating in the European Union - Students are able to evaluate the consequences of European economic integration and global competition at a firm level.
Voorwaarden
Understanding of basic micro- and macro economic principles. Preferably understanding of international economic relations.
Aanbevolen literatuur
The European Union, by Susan Senior Nello (McGraw-Hill 3rd ed, 2011)
- M.J.C. Heckman