Economy of the European Union
izeyneloglu@gmail.com
Content
Objective
This course provides an analysis of the process of the European economic integration and the main economic policies implemented at the union level based on the theories of economic integration.
Course Content
various stages and justification of economic integration, costs and benefits of a monetary union, current economic problems in EU
Course Learning Outcomes
By the end of this course, students will be able to :
be familiar with the European integration process and the problems along the way,
possess the necessary statistical and theoretical tools to understand the place of EMU in the global economy and its current economic problems.
Teaching and Learning Methods
Theoretical
(Participation is mandatory, 70%).
References
La monnaie unique fondements et évolution par Bernadette Nicot p. 9-73
économie de l'integration monétaire by Paul DeGrauwe Chp 1 et Chp 3 OR fiches d'économie de l'UE , fiches 21 and 22 (e-book on CAIRN accessible via our library)
l'Europe monétaire par Michel Dévoluy, p. 58-84
Les Politiques économiques européennes (dir. Dévoluy M, G Koenig), Chp. 2-3-5-7
Weekly Contents
| Week | Weekly Contents |
|---|---|
| 1 | Origins of the European Urion |
| 2 | EMS |
| 3 | Monetary integration: the case of EMU |
| 4 | Costs and Benefits of monetary integration |
| 5 | Theoretical basis of monetary integration |
| 6 | Theoretical basis of monetary integration |
| 7 | Mid-term exam |
| 8 | EMU institutions |
| 9 | Monetary Policy of ECB |
| 10 | Monetary Policy of ECB |
| 11 | Common Agricultural Policy |
| 12 | Fiscal and employment policies |
| 13 | Current problems of EMU |
| 14 | Recap |
Assessment System
| Activities | Number | Contribution |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Total | 2 | 100 |
| Activities | Number | Contribution |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 50 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Total | 1 | 50 |
Relation of Proficiency
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | |||||
| 3 | Show a sound understanding of current economic discussions and problems | X | ||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | X | ||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | X | ||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | |||||
| 8 | Show ability to apply basic economic theory to an applied topic | |||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | X | ||||
| 10 | Show ability to use economic concepts to discuss current economic issues | X | ||||
| 11 | Reason logically and work analytically | X | ||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | |||||
| 13 | Identify appropriate economic models to analyse problems | |||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | |||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | X | ||||
ECTS
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 4 | 56 |
| Assignments | 0 | 0 | 0 |
| Presentation | 0 | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 22 | 22 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 0 | 0 | 0 |
| Final Examinations (including preparation) | 1 | 30 | 30 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Bütünleme | 0 | 0 | 0 |
| Total Workload | 150 | ||
| Total Workload / 25 | 6.00 | ||
| Credits ECTS | 6 | ||