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Course Description

J EM081 ADVANCED ECONOMICS OF EUROPEAN INTEGRATION: Microeconomic Aspects. Course Description. Lecturers: Dr. Wadim Strielkowski, Prof. Frantisek Turnovec Ondrej Glazar, guest lecturers IES FSV CUNI October 1, 2012. Annotation Contacts Web-page Topics Literature Modus operandi

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Course Description

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  1. JEM081 ADVANCED ECONOMICS OF EUROPEAN INTEGRATION: Microeconomic Aspects Course Description Lecturers: Dr. Wadim Strielkowski, Prof. Frantisek Turnovec Ondrej Glazar, guest lecturers IES FSV CUNI October 1, 2012

  2. Annotation Contacts Web-page Topics Literature Modus operandi Essays and presentations Exams Contents

  3. Annotation • JEM081 „Advanced Economics of European Integration - Microeconomic Aspects“ is a Jean Monnet permanent course, developed with support of the Jean Monnet Programme of European Commission by Prof. František Turnovec. • The course focuses on the economic theory of methods and outcomes of integration of a group of countries (national economies). The course also explains the historical experience and future prospects of European Union. • JEM 081 is an advanced course (4th and 5th year students) intended for the Master level and yielding 6 ETCS credits upon successful completion.

  4. Contacts Lecturer: • PhDr. Wadim Strielkowski, Ph.D., e-mail: strielkowski@fsv.cuni.cz, Consultaion hours: Monday 10,30 – 12,30, and by individual appointments Teaching assistant: • PhDr. Ondrej Glazar e-mail: ondra.glazar@seznam.cz Consultation hours: Tuesday before the seminar, and by individual appointments

  5. Course website • IES website (description), SIS: http://ies.fsv.cuni.cz/en/syllab/JEM081/ • Twitter: http://twitter.com/JEM0811 • Facebook: Jem081 - Advanced Economics of European Integration - Microeconomic Aspects

  6. Structure of the course • 1. INTRODUCTION TO ECONOMICS OF INTEGRATION (2 lectures) • 2. ECONOMIC THEORY OF INTEGRATION FORMS, CUSTOMS UNION, COMMON MARKET AND MONETARY UNION (6 lectures) • 3. REDISTRIBUTION AND COMMON ECONOMIC POLICIES IN THE EU (2 lectures) • 4. INSTITUTIONAL ECONOMICS OF THE EUROPEAN INTEGRATION (2 lectures)

  7. Topics Lecture 1 (October 1, 2012): Introduction to economics of integration - 1 BASIC CONCEPTS: - Concepts of economic integration - Global and regional integration - Forms of economic integration: preferential tariff agreement, free trade area, customs union, single market, common market, economic union, economic and monetary, political union - Effects of economic integration, trade creation and trade diversion

  8. Topics Lecture 2 (October 8, 2012): Economic theory of integration forms - 1 WELFARE EFFECTS OF TRADE • - Marshallian surplus. Consumers' surplus and producers' surplus. • - Measuring welfare effects, a partial equilibrium approach. Welfare effects of free trade and of trade protection. Tariffs and quotas. • - Multi-commodity markets. Closed equilibrium and welfare analysis on a multi-commodity market.

  9. Topics Lecture 3 (October 15, 2012): Economic theory of integration forms - 2 TRADITIONAL THEORY OF THE CUSTOMS UNION - A PARTIAL EQUILIBRIUM APPROACH • - Viner's theory of customs union. Trade diversion and trade creation. • - Partial equilibrium model: one commodity, customs union of a small country and a big country. Tariff reduction vs. customs union. One commodity, customs union of two small countries. • - Welfare effects of customs union.

  10. Guest lecturer 1 Lecture 4 (October 22, 2012): GUEST LECTURE BY DR. TOMASZ BRODZICKI (UNIVERSITY OF GDANSK) Dr. Tomasz Brodzicki (Department of Economics) http://gnu.univ.gda.pl/~brod/te_en.html ECONOMICS OF MONETARY UNION - Optimal currency areas. - Monetary coordination, system of European Central Banks. - Fiscal coordination: Growth and Stability Pact. Flexible integration. - Decision making in the EMU

  11. Topics Lecture 5 (October 29, 2012): Economic theory of integration forms - 3 THE THEORY OF CUSTOMS UNION - A GENERAL EQUILIBRIUM APPROACH • - A general equilibrium model. More commodities and more countries. • - Two commodities, one big and one small country. • - Two commodities and two small countries. • - Welfare effects.

  12. Topics Lecture 6 (November 5, 2012): Economic theory of integration forms - 4 THE THEORY OF COMMON MARKET - FREE MOBILITY OF PRODUCTION FACTORS • - Common market and single market • - Free mobility of non-labor production factors • - Partial market and general equilibrium approach • - Welfare effects of free mobility

  13. Topics Lecture 7 (November 12, 2012): Economic theory of integration forms - 5 THE THEORY OF COMMON MARKET - FREE MOBILITY OF LABOR • - Free mobility of labor, neoclassical solution • - Propensity to migration • - Welfare effects of free mobility of labor • - Migration in the EU

  14. Topics Lecture 8 (November 19, 2012): Redistribution and common economic policies - 1 BUDGET AND REGIONAL REDISTRIBUTION - Budgetary rules. - Budgetary revenues and expenditures. - Redistribution - Regional policies and political economy of regional redistribution - Measuring regional disparities

  15. Guest lecturer 2 Lecture 8 (November 26, 2012):GUEST LECTURE BY DR. DENNIS HACKL(Technische Universität Dresden ) Assistant Professor of Economics, Faculty of Business and Economics http://www.tu-dresden.de/die_tu_dresden/fakultaeten/fakultaet_wirtschaftswissenschaften/vwl/at/team/haeckl Environmental Policies of the EU: • EU and the environment • Emissions and sustainable development • Economic aspects of the environmental policies in the EU

  16. Topics Lecture 10 (December 3, 2012), Redistribution and common economic policies - 2 COMMON AGRICULTURAL POLICY - Why regulation of agricultural markets? - Income elasticity of demand for food. - Price elasticity of supply and demand for food and market adjustment. - Common agricultural policy and welfare effects of regulation. - Problems and reforms of CAP.

  17. Topics Lecture 11 (December 10, 2011), Institutional economics of European integration - 1 SYSTEM OF EUROPEAN INSTITUTIONS AND LEGISLATIVE PROCEDURES - European Union institutions, Commission, Council of Ministers, European Parliament. - Legislative procedures in the EU. Qualified majority, consultation procedure and co-decision procedure. - National and institutional influence in the EU. - Lisbon Treaty.

  18. Topics Lecture 12 (December 17, 2010), Institutional economics of European integration - 2 MEASURING INFLUENCE IN COMMITTEE SYSTEMS - Models of committee systems. - Measuring influence, voting power indices methodology. - Voting power of EU decision making actors: institutions, member states and European political parties in EU of 27.

  19. Guest lecturer 3 GUEST LECTURE BY MR. PETR NOVAK (EUROPEAN PARLIAMENT) Mr. Petr Novak (European Parliament, former Assistant to Andrew Duff, MEP: http://andrewduff.eu) EU decision-making: • interest representation, • institutional processes • institutions of EU integration • dynamism of EU Integration) Timing: tbc

  20. Literature There is no single textbook fully covering all topics of the course. Students can draw from various textbooks and sources. MAIN SOURCES:1) Baldwin, R. and Wyplosz, C.: The Economics of European Integration. McGraw-Hill Higher Education, 2003.2) Krugman, P. and Obstfeld, M.: International Economics: Theory and Policy. Pearson - Addison Weasley, 2006.3) Molle, W.: The Economics of European Integration. Dartmouth Publ. Comp., Aldershot, 1996.4) Pelkmans, J.: European Integration, Methods and Economic Analysis. Addison Wesley Longman Limited, New York, 1997.5) Turnovec, F.: Political Economy of European Integration. Karolinum, Prague, 2003.

  21. Literature • Pelkmans, J.: European Integration, Methods and Economic Analysis. Addison Wesley Longman Limited, New York, 1997. • Turnovec, F.: Political Economy of European Integration. Karolinum, Prague, 2003. • Turnovec, F., Pechová, M., Soukeník, K. (2001), Modeling and Simulation of Decision Making Process in Extending European Union. CERGE-EI, Prague, 2001. • Svendsen, G. T.: The Political Economy of the European Union. Edward Elgar, Cheltenham, 2003. • Turnovec, F.: Institutional Economics of European Integration, Lecture notes, Central European University, Budapest 2010.

  22. Additional reading • Journal of European Integration • European Journal of Political Economy • AUCO Czech Economic Review • Duff, A.: The Treaty of Amsterdam. Sweet and Maxwell, London, 1997. • Molle, W.: The Economics of European Integration. Dartmouth Publ. Comp., Aldershot, 1996. • Swann, D.: European Economic Integration. The Common Market, European Union and Beyond. Edward Elgar, 1996. • Other texts recommended during the lectures. RECOMMENDED READING WILL BE AVAILABLE ON THE WEBPAGE OF THE COURSE (Reading packages)

  23. Modus operandi – presentations and essays • On the basis of individual presentations during the seminars each student has to prepare a short essay (10-15 pages) on a topic related to methodological and empirical issues of the Economics of European integration. • Deadline for submitting essays is January 5, 2013. • Submission of the essay is a necessary condition for all students registered in the course (only those students who will submit essays can register for the final exam). • Schedule and topics of presentations and essays should be discussed on an individual basis during the first seminars and consultation hours.

  24. Modus operandi – presentations and essays Each essay should contain: • First page: Name of the course, title of the essay, author’s name, e-mail address and a short abstract (summary) that should not exceed 100 words. • Structure of essay: • Introduction (with a state-of-the-art of related literature and/or sources of data and main ideas). • Analysis of the problem. • Conclusions. • References/literature/sources.

  25. Modus operandi – presentations and essays Registration form of presentation and essay topic will be made available on the course’s website • Forms should be submitted to Dr. Wadim Strielkowski and Ondrej Glazar by e-mail before October 22, 2012 • Each registration form should contain: • - name and contact details • - title of presentation, essay • - short annotation, literature and sources of data you are planning to use • - suggested date of presentation during seminar

  26. Modus operandi – presentations and essays • Electronic form of essay should be submitted in MSWord or pdf format, single spaced, 12 pt font of the basic text. • Presentation during the seminar is the first step to the essay, you have to present basic ideas and data you are going to use • On the basis of discussion during presentation content of essay should be adjusted

  27. Modus operandi – presentations and essays • You can select topic of your own interest (e.g. case study of something related to your country, case study related to other countries, theoretical problem etc.) • For those who have problem with topic choice there is a list of tentative topics on the course webpage

  28. Modus operandi – lectures and seminars • 12 lectures and 12 seminars, attendance will be followed and only seriously justified absences will be tolerated. • Lectures: basic guide through the topic and technically more demanding parts will be presented, additional materials will be provided for self-study on the course webpage and will be required for exam. • Seminars: problem solving (exercises) and presentations. Active participation required. • Problem sets will be provided after each lecture similar to those expected in exams.

  29. Modus operandi - exams • There will be a midterm exam in November 22, 2012. The final exam will take place during January, 2012. Both midterm and final exams will have written form (test with problems to be solved and questions to be answered). • Conditions for final exam: midterm exam, presentation, essay, active participation at the seminars without not justified absences. • Condition for final credit: successful final exam (better than 50% grade)

  30. Modus operandi - exams • Weights for final grading - Midterm exam weight 20% - Presentation weight 5% - Essay weight 25% - Final exam weight 50% • Grades based on weighted grading 90,1%-100% A 1 80,1%-90% B 2 70,1%-80% C 2 60,1%-70% D 3 50,1%-60% E 3 <50F 4

  31. Questions? • Contacts? • Topics? • Essays and presentations? • Modus operandi?

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