Course Outline for Economics of the European Union (ECON 1680) Autumn 2013

Transcription

1 Course Outline for Economics of the European Union (ECON 1680) Autumn 2013 Course Code and Title: ECON 1680: Economics of the European Union Lecturer: Dr James R. Maloy Office: Posvar 4705 Phone: Office Hours: Tuesday 4:00-5:00, Thursday 1:00-2:00; other times by appointment Course Aims and Overview: ECON 1680 is an introductory course in the economics of the European Union, focusing specifically on issues relating to the process of economic integration and European economic policy. The course will cover key economic issues which are of interest to economic agents and policymakers in the EU. The course will combine a nonmathematical treatment of economic theory with applied analysis of policy as well as illustrative case studies. The theoretical element of the course will be at a level suitable for students who have successfully completed introductory microeconomics and macroeconomics. The course will concentrate on some of the most important aspects of the EU such as the role of EU institutions, the historical development of the EU, the economics of the common market, the role of labour in the EU, the Common Agricultural Policy, competition policy and the impact of the single currency. Course Delivery: The course will be taught through two weekly classes, Tuesday/Thursday 2:30 3:45. The classes will be used for lecturing as well as a seminar-type discussion of problem sets as time permits. Specific readings for each class are specified below. The lecturer will be available for consultation during advertised office hours or by appointment. Assessment: The course will be assessed by two mid-term examinations, a final examination and an essay. The exams will not be explicitly cumulative, but given the nature of the material students will need to be familiar with earlier topics to understand the current topics. 1

2 Two mid-term examinations will each constitute 25% of the final grade. These exams will be held during the lectures on Tuesday 8th October and Thursday 31st October. A final examination will constitute 25% of the final grade. It will be held on Monday 9th December at 2:00 3:50 PM. An essay of approximately 2000 words will constitute 25% of the final grade. It will be due at 2:30 PM on Thursday 21st November. Problem sets will be distributed for each topic and will be discussed in class the following week as time permits. These are not assessed but are a fundamental part of the course. You are expected to attempt these assignments before coming to class. You are expected to complete assignments and take examinations on the dates specified. Late submissions of work or re-sits of examinations are only acceptable in extreme circumstances, such as illness/injury/death in immediate family/jury duty. A health certificate from a doctor or other evidence will be required. If for any such reason you cannot meet a deadline you must IMMEDIATELY inform me (by if possible) BEFORE the deadline to arrange make-up work. It is your responsibility to keep me informed of any problems you are having in meeting deadlines. Note: All work submitted for this course must be your own. Any evidence of cheating and/or plagiarism in any assignment or examination will be dealt with as specified by the Academic Integrity Policy, as discussed in the University s Undergraduate Bulletin. The Office of Disability Resources and Services (216 William Pitt Union, ) is available for students who have requested or may request accommodation for a disability. If needed please contact the office as early as possible in the term. Grading Scale: All grades will be given as percentages out of 100. Final grades will be calculated by weighting each individual score according to the weights indicated above and will be rounded to the nearest integer : A 90 91: A : B : B 80 81: B : C : C 70 71: C : D : D 60 61: D- 0 59: F 2

3 Reading: This course is textbook-based. The two required texts are: Molle, Willem. The Economics of European Integration 5 th Ed. Ashgate, De Grauwe, Paul. Economics of Monetary Union 9 th Ed. Oxford, You are required to have access to both of these books. The European Union is a constantly-evolving entity and you will need to have the latest editions of these books. It is also necessary that you read a quality newspaper to develop an understanding of how the course material relates to current events. You are therefore required to subscribe to the Financial Times ( Weekly Timetable Autumn 2013 (This timetable is subject to change as events warrant.) 1. Introduction and Theories of Integration 27, 29 Aug Readings: Molle Chaptesr 1 and 2 2. History of European Integration 3, 5 Sept Readings: Molle Chapter 3 Further Reading: Dinan, Desmond. Europe Recast: A History of European Union. Palgrave/Macmillan, EU Institutions and Policymaking 10, 12 Sept Readings: Molle Chapter 4 Further Reading: Nugent, Neill. The Government and Politics of the European Union, 5 th Ed. Palgrave/Macmillan, The Goods Market and Manufacturing Policy 17, 19, 24, 26 Sept Readings: Molle Chapters 5, Labour in the EU 1 Oct Readings: Molle Chapter 7 MIDTERM EXAMINATION 1 (Topics 1 4) 8 Oct 6. Agriculture 3, 10 Oct Readings: Molle Chapter 9 LECTURE CANCELLED--AUTUMN BREAK 15 Oct 7. Competition Policy 17 Oct Readings: Molle Chapter 14 3

4 8. Cohesion Policy 22 Oct Readings: Molle Chapter External Relations 24 Oct Readings: Molle Chapter 17 MIDTERM EXAMINATION 2 (Topics 5 9) 31 Oct 10. Costs and Benefits of Monetary Union 29 Oct, Readings: De Grauwe Chapters 1, 2, 3, 4 5, 7, 12 Nov 11. The Transition to Monetary Union 14, 19 Nov Readings: De Grauwe Chapter The European Central Bank 21 Nov Readings: De Grauwe Chapter 8 ESSAY DUE AT BEGINNING OF LECTURE NO LECTURE--THANKSGIVING 21 Nov 28 Nov 13. Eurozone Monetary Policy 26 Nov, 3 Dec Readings: De Grauwe Chapter Fiscal Policy and Sovereign Debt in the Euro 5 Dec Readings: De Grauwe Chapter 10 FINAL EXAMINATION (Topics 10 14) Monday 9th December from 2:00 3:50 PM Note: Although the exams explicitly cover certain topics, given the cumulative nature of the material you are responsible for all relevant information from earlier topics. 4

5 Course Outline for Economics of the European Union (ECON 1680) Spring 2015 Course Code and Title: ECON 1680: Economics of the European Union Lecturer: Dr James R. Maloy Office: Posvar 4705 Phone: Office Hours: Tuesday 4:00-5:00, Thursday 1:30-2:30; other times by appointment. Course Aims and Overview: ECON 1680 is an introductory course in the economics of the European Union, focusing specifically on issues relating to the process of economic integration and European economic policy. The course will cover key economic issues which are of interest to economic agents and policymakers in the EU. The course will combine a nonmathematical treatment of economic theory with applied analysis of policy as well as illustrative case studies. The theoretical element of the course will be at a level suitable for students who have successfully completed introductory microeconomics and macroeconomics. The course will concentrate on some of the most important aspects of the EU such as the role of EU institutions, the historical development of the EU, the economics of the common market, the role of labour in the EU, the Common Agricultural Policy, competition policy and the impact of the single currency. Course Delivery: The course will be taught through two weekly classes, Tuesday/Thursday 11:00 12:15. The classes will be used for lecturing as well as a seminar-type discussion of problem sets as time permits. Specific readings for each class are specified below. The lecturer will be available for consultation during advertised office hours or by appointment. Assessment: The course will be assessed by two mid-term examinations, a final examination and an essay. The exams will not be explicitly cumulative, but given the nature of the material students will need to be familiar with earlier topics to understand the current topics. 1

6 Two mid-term examinations will each constitute 25% of the final grade. These exams will be held during the lectures on Thursday 12th February and Thursday 5th March. A final examination will constitute 25% of the final grade. It will be held on Friday 24th April at 4:00 5:50 PM. An essay of approximately 2000 words will constitute 25% of the final grade. It will be due at 11:00AM on Thursday 26th March. Problem sets will be distributed for each topic and will be discussed in class as time permits. These are not assessed but are a fundamental part of the course. You are expected to attempt these assignments before coming to class. You are expected to complete assignments and take examinations on the dates specified. Late submissions of work or re-sits of examinations are only acceptable in extreme circumstances, such as illness/injury/death in immediate family/jury duty. A health certificate from a doctor or other evidence will be required. If for any such reason you cannot meet a deadline you must IMMEDIATELY inform me (by if possible) BEFORE the deadline to arrange make-up work. It is your responsibility to keep me informed of any problems you are having in meeting deadlines. Note: All work submitted for this course must be your own. Any evidence of cheating and/or plagiarism in any assignment or examination will be dealt with as specified by the Academic Integrity Policy, as discussed in the University s Undergraduate Bulletin. The Office of Disability Resources and Services (216 William Pitt Union, ) is available for students who have requested or may request accommodation for a disability. If needed please contact the office as early as possible in the term. Grading Scale: All grades will be given as percentages out of 100. Final grades will be calculated by weighting each individual score according to the weights indicated above and will be rounded to the nearest integer : A 90 91: A : B : B 80 81: B : C : C 70 71: C : D : D 60 61: D- 0 59: F 2

7 Reading: This course is textbook-based. The two required texts are: Molle, Willem. The Economics of European Integration 5 th Ed. Ashgate, De Grauwe, Paul. Economics of Monetary Union 9 th Ed. Oxford, You are required to have access to both of these books. The European Union is a constantly-evolving entity and you will need to have the latest editions of these books. It is also necessary that you read a quality newspaper to develop an understanding of how the course material relates to current events. You are therefore required to subscribe to the Financial Times ( Weekly Timetable Spring 2015 (This timetable is subject to change as events warrant.) 1. Introduction and Theories of Integration 6, 8 Jan Readings: Molle Chapters 1 and 2 2. History of European Integration 13, 15 Jan Readings: Molle Chapter 3 Further Reading: Dinan, Desmond. Europe Recast: A History of European Union. Palgrave/Macmillan, EU Institutions and Policymaking 20, 22 Jan Readings: Molle Chapter 4 Further Reading: Nugent, Neill. The Government and Politics of the European Union, 5 th Ed. Palgrave/Macmillan, The Goods Market and Manufacturing Policy 27, 29 Jan, Readings: Molle Chapters 5, 10 3, 5 Feb 5. Labour in the EU 10 Feb Readings: Molle Chapter 7 MIDTERM EXAMINATION 1 (Topics 1 4) 12 Feb 6. Agriculture 17, 19 Feb Readings: Molle Chapter 9 7. Competition Policy 24 Feb Readings: Molle Chapter Cohesion Policy 26 Feb Readings: Molle Chapter 16 3

8 9. External Relations 3 Mar Readings: Molle Chapter 17 MIDTERM EXAMINATION 2 (Topics 5 9) SPRING BREAK (NO LECTURES) 5 Mar 10, 12 Mar 10. Costs and Benefits of Monetary Union 17, 19, 24, 26 March Readings: De Grauwe Chapters 1, 2, 3, 4 ESSAY DUE AT BEGINNING OF LECTURE ON 26 MARCH 11. The Transition to Monetary Union 31 Mar, 2 Apr Readings: De Grauwe Chapter The European Central Bank 7 April Readings: De Grauwe Chapter 8 ESSAY DUE AT BEGINNING OF LECTURE 13. Eurozone Monetary Policy 9, 14 Apr Readings: De Grauwe Chapter Fiscal Policy and Sovereign Debt in the Eurozone 16 Apr Readings: De Grauwe Chapter 10 FINAL EXAMINATION (Topics 10 14) Friday 24th April from 4:00 5:50 PM Note: Although the exams explicitly cover certain topics, given the cumulative nature of the material you are responsible for all relevant information from earlier topics. 4

9 Course Outline for Economics of the European Union (ECON 1680) Spring 2016 Course Code and Title: ECON 1680: Economics of the European Union Lecturer: Dr James R. Maloy Office: Posvar 4705 Phone: Office Hours: Tuesday 4:00-5:00, Thursday 1:00-2:00; other times by appointment. Course Aims and Overview: ECON 1680 is an introductory course in the economics of the European Union, focusing specifically on issues relating to the process of economic integration and European economic policy. The course will cover key economic issues which are of interest to economic agents and policymakers in the EU. This class will combine a basic treatment of economic theory with applied analysis of policy as well as illustrative case studies. The theoretical element of the course will be at a level suitable for students who have successfully completed introductory microeconomics and macroeconomics. The course will concentrate on some of the most important aspects of the EU such as the role of EU institutions, the historical development of the EU, the economics of the common market, the role of labour in the EU, the Common Agricultural Policy, competition policy and the impact of the single currency. Course Delivery: The course will be taught through two weekly classes, Tuesday/Thursday 2:30 3:45. The classes will be used for lecturing as well as a seminar-type discussion of problem sets as time permits. Specific readings for each class are specified below. The lecturer will be available for consultation during advertised office hours or by appointment. Assessment: The course will be assessed by two mid-term examinations, a final examination and an essay. The exams will not be explicitly cumulative, but given the nature of the material students will need to be familiar with earlier topics to understand the current topics. Two mid-term examinations will each constitute 25% of the final grade. These exams will be held during the lectures on Tuesday 16th February and Tuesday 15th March. 1

10 A final examination will constitute 25% of the final grade. It will be held on Saturday 30th April at 10:00 11:50 PM. An essay of approximately 2000 words will constitute 25% of the final grade. It will be due at 2:30PM on Tuesday 5th April. Essay instructions will be provided in the early weeks of the term. Problem sets will be distributed for each topic and will be discussed in class as time permits. These are not assessed but are a fundamental part of the course, as they are essentially practice exams. You are expected to attempt these assignments before coming to class. You are expected to complete assignments and take examinations on the dates specified. Late submissions of work or re-sits of examinations are only acceptable in extreme circumstances, such as illness/injury/death in immediate family/jury duty. A health certificate from a doctor or other evidence will be required. If for any such reason you cannot meet a deadline you must IMMEDIATELY inform me (by if possible) BEFORE the deadline to arrange make-up work. It is your responsibility to keep me informed of any problems you are having in meeting deadlines. Note: All work submitted for this course must be your own. Any evidence of cheating and/or plagiarism in any assignment or examination will be dealt with as specified by the Academic Integrity Policy, as discussed in the University s Undergraduate Bulletin. The Office of Disability Resources and Services (216 William Pitt Union, ) is available for students who have requested or may request accommodation for a disability. If needed please contact the office as early as possible in the term. Grading Scale: All grades will be given as percentages out of 100. Final grades will be calculated by weighting each individual score according to the weights indicated above and will be rounded to the nearest integer : A 90 91: A : B : B 80 81: B : C : C 70 71: C : D : D 60 61: D- 0 59: F 2

11 Reading: This course is textbook-based. The two required texts are: Molle, Willem. The Economics of European Integration 5 th Ed. Ashgate, De Grauwe, Paul. Economics of Monetary Union 9 th Ed. Oxford, You are required to have access to both of these books. The European Union is a constantly-evolving entity and you will need to have the latest editions of these books. It is also necessary that you read a quality newspaper to develop an understanding of how the course material relates to current events. You are therefore required to subscribe to the Financial Times ( Weekly Timetable Spring 2016 (This timetable is subject to change as events warrant.) 1. Introduction and Theories of Integration 7, 12 Jan Readings: Molle Chapters 1 and 2 2. History of European Integration 14, 19 Jan Readings: Molle Chapter 3 Further Reading: Dinan, Desmond. Europe Recast: A History of European Union. Palgrave/Macmillan, EU Institutions and Policymaking 21, 26 Jan Readings: Molle Chapter 4 Further Reading: Nugent, Neill. The Government and Politics of the European Union, 5 th Ed. Palgrave/Macmillan, The Goods Market and Manufacturing Policy 28 Jan, Readings: Molle Chapters 5, 10 2, 4, 9 Feb 5. Labour in the EU 11 Feb Readings: Molle Chapter 7 *MIDTERM EXAMINATION 1 (Topics 1 4)* 16 Feb 6. Agriculture 18, 23 Feb Readings: Molle Chapter 9 7. Competition Policy 25 Feb Readings: Molle Chapter Cohesion Policy 1 Mar Readings: Molle Chapter 16 3

12 9. External Relations 3 Mar Readings: Molle Chapter 17 SPRING BREAK (NO LECTURES) *MIDTERM EXAMINATION 2 (Topics 5 9)* 8, 10 Mar 15 Mar 10. Costs and Benefits of Monetary Union 17, 22, 24, 29 March Readings: De Grauwe Chapters 1, 2, 3, The Transition to Monetary Union 31 Mar, 5 Apr Readings: De Grauwe Chapter 7 *ESSAY DUE AT BEGINNING OF LECTURE ON 5 APRIL* 12. The European Central Bank 7 April Readings: De Grauwe Chapter Eurozone Monetary Policy 12, 14 Apr Readings: De Grauwe Chapter Fiscal Policy and Sovereign Debt in the Eurozone 19, 21 Apr Readings: De Grauwe Chapter 10 *FINAL EXAMINATION (Topics 10 14)* Saturday 30th April from 10:00 11:50 PM As many of you are graduating that weekend, I am going to try to book bigger rooms for my two sections of ECON 0280 so that you have the option to take your exam with them. Their exams are scheduled for Monday 25th at 8:00-9:50 (T/H 9:30 lecture slot) and Thursday 28th at 10:00-11:50 (T/H 8:00 lecture slot). Assuming I can get large enough rooms you may request my written permission to take it at one of these times instead of on Saturday. Formal arrangements will be made later in the term. Note: Although the exams explicitly cover certain topics, given the cumulative nature of the material you are responsible for all relevant information from earlier topics. 4