European Economy

lecge1331  2019-2020  Louvain-la-Neuve

European Economy
Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h + 15.0 h
Vannoorenberghe Gonzague;
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.

At the end of this learning unit, the student is able to :

1 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.

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
This course focusses on the European Union and on the European Economy. While the European union today is already quite a well-integrated market, the integration process has been a steady one and is not over yet.  The European customs union formation resulted in an strong increase in internal EU trade and boosted welfare for most countries. The well-functioning of the Eurozone is heavily dependent on whether Europe can be considered an optimal currency area. This is a set of conditions that need to be fulfilled whenever a number of countries decide to give up their national money and have a common one where they give up the right to exercise an independent monetary policy. This course discusses the European integration process and the euro formation from an economic point of view. Also the challenges that Europe is facing will be discussed using an economic framework.
Teaching methods
Lectures and tutorials.
Evaluation methods
A written exam after the lectures, and regular assignments for the tutorials.
Other information
Some prior knoweldge of microeconomics and macroeconomics is required for this course.
The communication between the professor and the students takes place through the electronic platform Moodle. You should enroll in the course to have access to the online documents such as the slides or supplementary material.
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Master [120] in Public Administration

Bachelor in Philosophy, Politics and Economics

Additionnal module in Economics

Minor in Economics

Minor in Mangement (basic knowledge)