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The Economics of European Integration

Paperback Engels 2019 9781526847218
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Samenvatting

Now in its sixth edition, The Economics of European Integration is a timely and insightful text on this everchangingand controversial topic. This edition guides the students through the facts, theories, history, institutions,laws, politics and policies of the European Union, and how each of these play their role in European economics.
Covering both the microeconomics and macroeconomics of European integration, this text is written forsecond and third-year undergraduates in economics as well as advanced undergraduates and graduatestudents in business, international affairs, European studies and political science.

Specificaties

ISBN13:9781526847218
Taal:Engels
Bindwijze:paperback
Druk:6
Verschijningsdatum:5-4-2019
Hoofdrubriek:Economie

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Inhoudsopgave

Part I - History, Facts and Institutions
Chapter 1. History1.1 Early post-war period1.2 Two strands of European integration: federalism and intergovernmentalism1.3 Evolution to two concentric circles: the domino effect part I1.4 Euro-pessimism1.5 Deeper circles and the domino effect part II: the Single Market Programme and the EEA1.6 Communism’s creeping failure and spectacular collapse1.7 Reuniting East and West Europe1.8 Preparing for eastern enlargement: a string of new treaties1.9 Global and Eurozone crises and institutional responses1.10 The rise of Euroscepticism1.11 SummarySelf-assessment questionsReferences and further reading
Chapter 2. Facts, law, institutions and the budget2.1 Economic integration in the EU2.2 EU structure pre- and post-Lisbon2.3 EU law2.4 The ‘Big-5’ institutions2.5 Legislative processes2.6 Some important facts2.7 The budget2.8 SummarySelf-assessment questionsReferences and further reading
Chapter 3. Decision making3.1 Task allocation and subsidiarity: EU practice and principles3.2 Understanding the task allocation: the theory of fiscal federalism3.3 Economic view of decision making3.4 The distribution of power among EU members3.5 Legitimacy in EU decision making3.6 SummarySelf-assessment questionsReferences and further reading
Part II - The Microeconomics of European Integration
Chapter 4. Essential microeconomic tools and tariff analysis4.1 Preliminaries I: supply and demand diagrams4.2 Preliminaries II: introduction to open-economy supply and demand analysis4.3 MFN tariff analysis4.4 GVC analysis4.5 Types of protection: an economic classification4.6 Sources of competitiveness differences4.7 SummarySelf-assessment questionsReferences and further reading
Chapter 5. The essential economics of preferential liberalization5.1 Analysis of unilateral discriminatory liberalization5.2 Analysis of a customs union5.3 Frictional barriers: the 1992 Programme5.4 Deep regionalism, the Eurozone and ‘soft preferences’5.5 WTO rules5.6 SummarySelf-assessment questionsReferences and further readingAnnex: Discriminatory liberalization: small country caseA5.1 Price and quantity analysis, liberalization with low-cost countryA5.2 Welfare analysis: liberalization with low-cost countryA5.3 Liberalization with high-cost country: supply switchingA5.4 Welfare analysis: liberalization with high-cost country
Chapter 6. Market size and scale effects6.1 Liberalization, defragmentation and industrial restructuring: logic and facts6.2 The BE–COMP diagram in a closed economy6.3 The impact of European liberalization6.4 SummarySelf-assessment questionsEssay questionsReferences and further readingAnnex: Details on the COMP and BE curvesA6.1 COMP curve in detailA6.2 BE curve in detail
Chapter 7. Growth effects and factor market integration7.1 The logic of growth and the facts7.2 Medium-term growth effects: induced capital formation7.3 Long-term growth effects: faster knowledge creation and absorption7.4 SummarySelf-assessment questionsEssay questionsReferences and further reading
Chapter 8. Economic integration, labour markets and migration8.1 European labour markets: a brief characterization8.2 Labour markets: the principles8.3 Effects of trade integration8.4 Migration8.5 SummarySelf-assessment questionsEssay questionsReferences and further reading
Part III - EU Micro Policies
Chapter 9. The common agricultural policy9.1 The old simple logic: price supports9.2 Changed circumstances and CAP problems9.3 The simple economic logic of the new CAP9.4 CAP reform9.5 Today’s CAP9.6 Remaining problems9.7 SummarySelf-assessment questionsReferences and further reading
Chapter 10. Location effects, economic geography and regional policy10.1 Europe’s economic geography: the facts10.2 Theory part I: comparative advantage10.3 Theory part II: agglomeration and the new economic geography10.4 Theory part III: putting it all together10.5 EU regional policy10.6 Empirical evidence10.7 SummarySelf-assessment questionsReferences and further reading
Chapter 11. EU competition and state aid policy11.1 The economics of anti-competitive behaviour and state aid11.2 EU competition policy11.3 SummarySelf-assessment questionsReferences and further
reading
Chapter 12. EU trade policy12.1 Pattern of trade and tariffs: facts12.2 EU institutions for trade policy12.3 EU trade policy: broad goals and means12.4 EU trade policy: existing arrangements12.5 SummarySelf-assessment questionsReferences and further reading
Part IV - The Macroeconmics of Monetary Integration
Chapter 13. Essential macroeconomic tools13.1 The closed economy: a refresher13.2 The open economy13.3 The impossible trinity principle13.4 The real exchange rate and the purchasing power parity principle13.5 Applications: macroeconomic policies and the exchange rate13.6 SummarySelf-assessment questionsEssay questionsReferences and further readingAnnex: Various exchange rate regimes
Chapter 14. The history of European monetary integration14.1 Back to the future: before paper money14.2 Bretton Woods as an antidote to the inter-war debacle14.3 After Bretton Woods: Europe’s snake in the tunnel14.4 The European monetary system14.5 The Maastricht Treaty14.6 The crisis14.7 SummarySelf-assessment questionsEssay questionsReferences and further readingAnnex: Hume’s mechanism
Chapter 15. Optimum currency areas15.1 The question, the problem and the short answer15.2 Benefits of a currency area15.3 Costs of a currency area15.4 The optimum currency area criteria15.5 Is Europe an optimum currency area?15.6 Is Europe becoming an optimum currency area?15.7 SummarySelf-assessment questionsEssay questionsReferences and further reading
Part V - EU Monetary and Fiscal Policies
Chapter 16. The European monetary union16.1 Principles16.2 The five entry conditions16.3 The Eurosystem16.4 The monetary policy strategy16.5 Independence and accountability16.6 Instruments16.7 The first years, until the Great Crisis16.8 SummarySelf-assessment questionsEssay questionsReferences and further reading
Chapter 17. Fiscal policy and the Stability Pact17.1 Fiscal policy in the monetary union17.2 Fiscal policy externalities17.3 Principles17.4 The stability and growth pact17.5 The macroeconomic imbalance procedure17.6 SummarySelf-assessment questionsEssay questionsReferences and further reading
Chapter 18. The financial markets and the euro18.1 Essentials of financial markets18.2 Effects of a monetary union18.3 Fragmentation during the crisis18.4 The Eurozone and its banks18.5 The international role of the euro18.6 SummarySelf-assessment questionsEssay questionsReferences and further reading
Chapter 19. The Eurozone in crisis19.1 Stage one: the global financial crisis19.2 Stage two: the public debt crisis in the Eurozone19.3 Policy responses19.4 Banks and public debt19.5 What have we learned from the crisis?19.6 SummarySelf-assessment questionsEssay questionsReferences and further reading
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