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European Economy [ LECGE1331 ]


5.0 crédits ECTS  30.0 h + 15.0 h  

Teacher(s) Vandenbussche Hylke ;
Language English
Place
of the course
Louvain-la-Neuve
Main themes The first part of the course is an introduction to the European institutions and basic statistics that impact on the economics policies that have been adopted. The introduction ends with an analysis of the European budget. The second part examines the objectives of the main European economic policies, the micro- and macro-economic instruments used within these policies and their degree of coordination.
Aims The objective of this course is to provide students with a frame of reference of European realities so that they can understand the nature of European Economics, the particular related issues and the economic policies that have been adopted. This framework should enable them to examine critically the nature of the hypotheses within the theoretical models elaborated in the specialist courses (International Economics, Work Economics, Regional Economics, Industrial Economics etc) and to judge their relevance in understanding and implementing European policies.
Content Part I: Europe: History, Institutions and basic Statistics 1 Basic statistics (EU15, EU25, USA, Canada, Japan, China?, Russia): surface, population, employment, GNP, in-flation, GDP, foreign trade, distribution of income, inflation, public sector 2 History and Institutions The forms of integration From Treaty of Rome at the European Convention The European institutions: skills and tools 3 The room for manoeuvre: the European budget and the Sapir report Part II: The coordination of microeconomic policy 1 The internal market policy 2 Competition policy 3 The industrial policy (competitiveness, R & D and Structural Funds) 4 The external trade policy 5 Supplementarity or conflict between the microeconomic policy?
Bibliography

This course uses the book by Krugman, Obstfeld and Melitz (edition 9), International Economics. Theory and Policy.

The open economy model is developed in the third part of the book and we cover chapters 14 through 20 in class.

A course overview and class notes will be made available on icampus.

Cycle et année
d'étude
> Bachelor in Business Engineering
> Bachelor in Economics and Management
> Preparatory year for Master in Economics: General
> Master [120] in Public Administration
> Bachelor in Information and Communication
> Bachelor in Philosophy
> Bachelor in Law
> Bachelor in Engineering : Architecture
> Bachelor in Computer Science
> Bachelor in Psychology and Education: General
> Bachelor in Motor skills : General
> Bachelor in Human and Social Sciences
> Bachelor in Sociology and Anthropology
> Bachelor in Political Sciences: General
> Bachelor in Mathematics
> Bachelor in Biomedicine
> Bachelor in Engineering
> Bachelor in Pharmacy
> Bachelor in Religious Studies
Faculty or entity
in charge
> ESPO


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