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Economics of the European Union
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This Course is Available through these Programs:
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Faith & Religion
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Global Business & Governance
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Liberal Arts & Sciences
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The Legacy of Modern Italy
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Academic Institution: CEA GlobalCampus: Rome
Location: Rome, ItalyPrimary Subject Area: Economics
Other Subject Area(s): International Relations
Level(s): 300
UNH Course Code: ECN320
Instruction in: English
Recommended Semester Credits: 3
Contact Hours: 45
Prerequisites: Macro and Microeconomics
Description
With the creation of the Single European Market, the ratification and enforcement of the Maastricht Treaty (leading to the adoption of the Euro), the further expansion in the number of member countries (especially of those in Central and Eastern Europe), the on-going ratification process of a new European Constitution, and the creation of economic associations elsewhere in the planet, it is imperative to understand what the European Union is all about, how it functions, how it affects the region's political and economic environment, how it is possible to interact with its decision-making structure and how it might develop in the near future. A whole day will be spent on a walking class visit to many of the key decision-making centers of Rome.
This course explores the various Treaties that have marked the evolution of the Union, its various forms of economic integration such as trade creation and trade diversion, the socio-economic impact of a common market, the institutions of the EU (the Commission, the Council of Ministers and the European Council) and the financial ramifications of the European Parliament, the Courts of the European Union and EU legislation. We will also investigate the interest group of the EU, the Single European Market, the single currency and future economic prospects.
Special attention will be devoted to the EU's economic relations with the U.S., Japan, China and Central and Eastern Europe, and the practical implications that current world events might have on the EU economy.
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