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The Economics of the European Union




Admissions requirements

Ideally students should have taken a course in microeconomics and macroeconomics. A principles course in economics could be sufficient also.


This course introduces students to the main economic aspects of the European Union (EU). The EU has achieved deep integration of the economies of its member states and its ambition is to continue this integration. The objective of the course is to provide an insight in the process of EU integration and its economic impact on individuals, companies and regions. In addition, we will discuss major events such as Brexit and other challenges that the EU faces. Although we pay attention to the historical background and the political economy of EU decision-making, it is an applied economics course. Students should therefore refresh their knowledge of micro- and macroeconomic principles.

At the end of this course, the student will have an excellent understanding of the micro- and macroeconomic aspects of the EU and its economic policies.

Course objectives

  • Students will be able to recognize and define important current issues and challenges in the major areas of European economic Integration.

  • Students will be able to understand the economic and political logic behind EU integration.

  • Students will be able to understand the importance of the EU for the business environment in which companies operate.

  • Students will be able to use graphs and economic reasoning to analyze the process of economic integration in the EU.


Once available, timetables will be published in the e-Prospectus.

Mode of instruction

The course uses a variety of teaching methods: interactive lectures, student presentations and class debate.


  • Final written exam (40%)

  • Midterm exam (20%)

  • Student presentations (15%)

  • Term paper (15%)

  • Class participation (10%)


There will be a Blackboard site available for this course. Students will be enrolled at least one week before the start of classes.

Reading list

Richard Baldwin and Charles Wyplosz, The Economics of European Integration (6th edition), McGrawHill Education, 2019.


This course is open to LUC students and LUC exchange students. Registration is coordinated by the Education Coordinator. Interested non-LUC students should contact


Dr. Ph. van Gruisen