European Economic Issues

Module code: ECON 2549

Module description

This module builds on the basic principles of economic analysis developed by students in the first year, by applying these principles to the study of economic issues that are of particular relevance in Europe. Students will see how broad micro and macroeconomic concepts can be used to explain and understand the issues faced by European economies. In particular there will be an emphasis on understanding the economic rationale for European integration, with both the benefits and the costs being analysed in depth. All of the topics that will be analysed will be done so with reference to contemporary events, and there will be an expectation that students can use the knowledge from this course to improve their understanding of the current issues surrounding Europe and the EU. The main topics covered in this course will include:

  • Trade economics: comparative advantage and an analysis of free trade
  • The Common agricultural policy (CAP)
  • Factor market integration: capital flows and migration
  • Monetary issues: Exchange rates, the Euro and Optimal Currency Areas.
  • Economic Geography, regional policy and integration

Contact hours per student per year

  • Lectures: 22 hours
  • Tutorials: 22 hours


  • Course project 1: 60%
  • Course project 2: 40%

Additional costs: No extra costs other than purchase of books