Europe in the World Economy

4 Credits.

This course helps students understand how the European Union fits into the global economy from World War II to today. It looks at how European integration and economic policy coordination affect not only internal markets but also the rest of the world economy. The course focuses on four main areas: trade, finance, macroeconomic governance, and international macro-finance. It uses key historical events to explain current challenges and policies in Europe. It provides a solid foundation in micro- and macroeconomic theory to enable students to assess these policies and their context critically.The course covers: the customs union; the single market; Europe’s role in global value chains; strategic autonomy and industrial policy; the Bretton Woods macroeconomic regime and European welfare states; financial integration and European financial systems; the birth of the Euro; plans for a Savings and Investments Union; the European Central Bank; EU fiscal rules; the EU budget; European public goods and their financing.