BSA minimal (40ects)
The first successful institutions of the European Union (the European Coal and Steel Community, the European Economic Community) were both based on economic institutions and economic regulation. The many steps taken so far in the process of European integration are economic steps – one single European market and the introduction of the Euro as the single currency for instance. Also, the expansion of the European Union with former communist countries has not only involved these countries in the transition process of the European Union, moreover the economic and political dimensions have been challenging. More recently, the financial and economic crisis and the resulting debt crisis are economic problems, which demand economic solutions.
In order to understand the process of European integration, and the current European economic challenges, basic economic knowledge and theory is a necessity. Yet, understanding economics is like learning a new language; so as to apply economic knowledge requires learning and understanding its vocabulary.
This course teaches the basics of economics, applicable to the European Union, its development and its current economic problems and challenges. Secondly, European Union (economic) policy is discussed, using economic theory. And lastly, current economic problems facing the European Union are analyzed and discussed.
Introducing basic economic concepts and theories, both applicable to and required for analyzing the (economics of the) European Union and its policies.
By applying the economic concepts to the development of the European Union and the current problems within the Union, ensuring understanding of the economic concepts during this course as well as outside and after this course.
Method of instruction