KA6m Economics and Politics of European Integration (University of Helsinki)

Textbook: Baldwin and Wyplosz: The Economics of European Integration, McGraw-Hill (preferably 2nd/2006 or 3rd/2009 edition)

Lectures and materials:

LECTURE 1:

EU_2011-01_history

EU_2011-02_law-institutions

LECTURE 2:

EU_2011-02_Lisbon (corrected version)

Additional materials on Lisbon Treaty:

EU_2011-03_decisionmaking

EU_2011-04_international-trade

EU_2011-06_market-size

EU_2011-07_growth

LECTURE 3:

EU_2011-08_labour

EU_2011-12_CAP

Additional materials on Common Agricultural Policy (CAP):

EU_2011-13_geography

Additional materials (mentioned in lecture):

LECTURE 4:

EU_2011-14_competition

EU_2011-15_trade

LECTURE 5:

EU_2011-09_monetary-basics

On this topic, you need to have a basic grasp of the concept of money and business cycles. We don’t cover the AD-AS diagram or the IS-LM framework, because I think they confuse most people and there are concerns about the underlying theory. Here’s however a classic article that you may find helpful for understand the nature and evolution of money:

EU_2011-10_exchange-rates

This topic also tends to confuse non-economists (and some economists too!). The following book, although politically radical, is a useful discussion of basic issues in monetary economics. Part IV (“The Monetary Breakdown of the West“) of the book explains the breakdown of the monetary order as a result of the World Wars, and the problems with the subsequent solutions.

EU_2011-11_OCA

LECTURE 6:

EU_2011-16_EMS

EU_2011-17_EMU

EU_2011-18_stability

The following articles by Charles Wyplosz are very useful for understanding this better. The first article is a good overview of the problem and proposes some radical solutions. The second article discusses the theory of fiscal discipline and the policy alternatives; it’s quite long but very interesting, recommended for those who want to understand this topic in depth.

There is a heated debate going on concerning the new plans of the Commission. Here are some critical commentaries, and a response from the Commission:

EU_2011-19_financial



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